Reduced $100,000..Recently reconstructed, enjoy ultimate beach style living in this quintessential Cape Cod style home located on the highly desirable “little island” on Balboa Island. This home is ideal for entertaining with an open living, dining and kitchen area giving you the feeling of the popular “great room” concept. Further emphasizing this sensibility are the vaulted ceilings and large windows, providing a light and bright atmosphere. Completing the downstairs is a full bed and bath, currently being used as an office/exercise room and an oversized laundry facility. The second level has a spacious master suite with a fireplace, his and her closets, Jacuzzi tub and steam shower. The third bedroom is intimate with its own fireplace and full bath. Additionally on the second level, there is a walk-in temperature controlled wine room, built to store over 1700 bottles of your finest reserve. Enjoy coastal bay and city light vistas from the third floor rooftop deck, complete with a flat screen TV, custom BBQ, wet bar, refrigeration, ice maker and third level bathroom. This home can be purchased fully furnished.