Situated on a deep 3,049 square foot lot, 211 Cypress offers a fantastic duplex located on the highly desirable Balboa Peninsula in Newport Beach. This property is being presented to the market for the first time in over 50 years. Located in the short term rental zone, steps from the Newport Harbor, Ocean, Balboa Fun Zone and the best dining and shopping available on the Peninsula. This highly desirable duplex offers a fantastic unit mix of 2, 2 bedroom 1 bath units with a 1 car garage for each unit. Rarely seen, this property showcases a large, roughly 20 foot front yard setback. Not only is the front yard attractive to prospective renters, but it allows the new owner to expand the duplex forward to a 4 foot setback. The current units have excellent open concept layouts with spacious family rooms and accommodating kitchens. All bedrooms are graciously sized with the master bedrooms featuring a large walk in closet. The upstairs unit with vaulted ceilings creates an inviting sense of space and volume. Sliding glass doors off of the living room exit to a secluded viewing balcony. Both units get a one car garage, individual laundry and plenty of storage space.