121 Topaz Ave Completely renovated approximately one year ago with high-end finishes, this beautifully updated Balboa Island property offers an ideal combination of style, flexibility, and an exceptional island location. The spacious front two-story residence includes 4 bedrooms and 2 bathrooms and is accompanied by an attached studio, 1-bath unit with kitchenette, creating an ideal setup for multi-generational living, guests, or a dedicated work-from-home space with privacy from the main living areas. The thoughtfully renovated interior features high-end finishes throughout, a charming brick fireplace, and inviting living spaces filled with coastal character. Enjoy indoor-outdoor living with two patio areas, including an enclosed interior patio and a front yard patio that is perfect for entertaining, dining, or relaxing. A one-car garage provides convenient parking and includes a designated laundry area. Ideally located just a few blocks from the Balboa Island Ferry, with easy access to the bay, beach, shops, restaurants, and the island's charming village atmosphere. Situated within highly regarded Newport-Mesa schools. This rare lease opportunity offers the perfect blend of coastal living, flexible space, and convenience in one of Newport Beach's most desirable island communities.