This quintessential, custom Balboa Island duplex blends the classic cottage feel with an updated modern take and amenities of today. Almost completely rebuilt in 2015, this beautiful home is located on a fantastic double-wide street close to North Bayfront. The front home includes three bedrooms, two baths, large open patio, and inviting living room with built-in features and fireplace. Impeccable and detailed upgrades highlight the interiors throughout and include vaulted ceilings with custom wood work, gorgeous baths, and a chef's kitchen with quartz countertops, Wolf range, convection steam oven, warming drawer, microwave drawer, SubZero refrigerator, and pot-filler. A separate laundry area/mudroom with side by side washer and dryer offers additional storage and easy access to the outdoor shower and garage. The rear apartment has a spacious living room, dining area, gourmet kitchen with quartz counters, stackable washer/dryer, bedroom, bath, and a private upper level deck. Additional highlights of this unique property include two A/C units, two tankless hot water heaters, spacious two-car garage with storage, water filtration system, and copper roof. This truly turnkey property presents multiple opportunities for a owner occupied front unit with income from the apartment, or an investment opportunity for seasonal or yearly rents.