This property presents an ideal single-family rebuild opportunity, for those seeking the convenience of being just steps away from both Bay and Beach access, at a fraction of the expense to be right on the bay or beach front. Situated on a corner lot, it faces an expansive and quaint community Park with a beach that leads directly to the Rivo Alto Canal. A Three Story Structure has the potential for offering panoramic views of the Bay, Hills and City Lights, Park and Ocean, while being tucked away from the beach crowd. Imagine building a custom home tailored to personify the coveted Balboa Peninsula Lifestyle. Fresh Ocean Breezes, breathtaking Sunsets, two blocks away from Surfing, and launching a Paddleboard or Kayak seconds from your back door are only the beginning. You'll enjoy local Restaurants, Boutiques, Art Galleries and beautiful Parks just a short walk or bike ride away. This hidden gem neighborhood has it all. Undergrounding of utilities is scheduled for the immediate area, there are nearby single-family new builds, several others currently under new construction within a few blocks away, and of course the revitalization throughout the Balboa Peninsula continues. Whether you are an end user, investor or developer, now is definitely the time to buy while there are still some affordable opportunities in the area. Don't miss out on creating the Perfect Coastal Paradise!