SIGNIGFICANT PRICE REDUCTION, TRUSTEE READY TO SELL. Steps to the ocean, Summit Ridge Park, and the iconic Newport Beach Peninsula Location! Location! Location! This deluxe condo is located in the Villa Balboa Community. Enjoy a few minutes walk to the beach or to Lido Marina Village. This 2 bed 2 bath home that is spacious, bright, & airy. There is so much natural light that lighting is rarely needed during the day. With the windows open, you will enjoy a cool ocean breeze during the summer, & very mild winter; The AC or heater is rarely needed. This inviting home is nearly 1660 sqft. It is extremely private & equipped with covered balcony and a peek-a-boo ocean view. The Great room has a gas fireplace that adds a cozy ambiance, which is ideal for entertaining & enjoying quiet time. The open floorplan flows naturally into a large dining room .,The bedroom wing ends in a huge master bedroom & a second bedroom for guests or an office. The master bedroom has large walk-in closets. Villa Balboa is a gated community, with spacious greenbelts that create a park-like ambiance. The community has two pools with spas & BBQs, a large clubhouse with a kitchen & meeting room, & a gym with treadmills & bicycles, free weights & machines. There are two tennis courts, 24-hour security, & ample guest parking. HOA fees pay for hot & cold water, natural gas, garbage, & two garage parking places with a storage locker. This is your chance to own one of the best values in Newport Beach! Experience all that Newport Beach has to offer, & make 270 Cagney Lane #203 your own personal oasis.