Beautiful Peninsula Duplex located in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset with an unobstructed view of the bay! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio with a short walk to the bay, and the top level has 3 bedrooms, 2 baths, with a large front patio and view of the bay! This can be a family beach home, income property, or combination. Consider adding a third story like many neighboring properties! Both units have wood burning fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with shared washer-dryer and overhead storage space. The upstairs home has a grand master bedroom suite with custom tiled shower, and additional second stairway and entry door in rear of home. Amenities include custom built-in storage throughout, open beam ceilings, and plenty of unmetered on-street parking. 219 E Bay Avenue is Southern California beach living at its finest, among a neighborhood of homes that have pride of ownership and the world-famous Newport Beach Harbor for boating, sailing, yacht club membership, and endless restaurant options. This property is on the market for the first time in over 20 years, and has been meticulously maintained by the same owners, including annual pest control inspections and a new roof in 2020.