Drastic $500,000 price reduction! Situated on the bayfront, in one of the California coast s most sought-after enclaves; this charming and meticulously maintained Balboa Peninsula Point residence is waterside living at its finest. With three bedrooms, five baths, and an expansive second-level den with a separate entrance and kitchenette; the Traditional-style home is replete with amenities including an elevator, office space, coffered ceilings, hardwood flooring, a bayfront brick terrace overlooking a grassy area and sandy beach, and dock built to accommodate a forty-foot boat (expansion is an option). Stunning views and proximity to the beautiful bay and world-famous beaches; this home is the perfect retreat.