305 Grand Canal 1, Newport Beach, CA 92662

New Co-Ownership Opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Balboa Promenade sits along Grand Canal on Balboa Island's main walking route, a two-story stone and stucco home with a French-inspired character that stands apart on this stretch of Newport Harbor. The cobblestone courtyard, terracotta tile roof, black lanterns and mature olive tree give the exterior a distinctly European quality that carries through to the interior.The great room has dark rustic wood beamed ceilings, light hardwood floors and a fireplace, with multiple glass doors opening to the canal-side deck. The kitchen has gray cabinetry, marble countertops, stainless steel appliances and distinctive black pendant lighting, separating the main living space from a relaxed family room with doors to a sun-dappled side courtyard with an outdoor fireplace. The primary suite has a fireplace, vaulted wood ceiling, French doors to a private deck with canal views and an en suite bath with a freestanding soaking tub, double vanity and tiled shower.The canal-side deck and cobblestone courtyard give Balboa Promenade two distinct outdoor settings, with the private dock offering direct water access to Newport Harbor. The 1.5-mile loop around the island is walkable from the front door, and a Duffy boat ride to The Wedge surf break and Newport Beach's coastline, boutiques and restaurants are all within easy reach.Balboa Promenade is professionally designed, appointed and managed by Pacaso. Owners arrive to find everything ready, with nothing left to arrange before the stay begins.