This beautiful, traditional home located in the coveted Port Streets neighborhood in Newport Beach is the perfect place to call home. It offers 5 bedrooms, 4.5 bathrooms, a home office that could also be a gym, and a large bonus room. Located on an oversized flat lot on a quiet corner, this ideal two story floorplan features generous living spaces and soaring ceilings throughout. The main floor includes a spacious kitchen with stainless steel appliances, two sinks, a center island, ample cabinetry for storage, a walk-in pantry, and a charming breakfast area. Also on the main level are a living room with fireplace, and a formal dining room with built-in cabinetry. The generous and comfortable gathering room with fireplace and built-ins serves as the center of the home. A bedroom with its own bath is perfect for guests. Completing the main level are a powder room and an inside laundry room with a sink and space for two washers and two dryers. Upstairs, the generous master suite includes a walk-in closet and a large bathroom suite with dual sinks, shower and tub, which flows to a home office that could also be a gym. An adjoining deck serves as a perfect place to sit outside and enjoy the fresh air. Also upstairs are another spacious bedroom with its own bath, and two additional bedrooms with a shared bath, plus bonus area and large storage area. The home features dual A/C, a laundry chute, skylights, large windows providing bright light throughout, plantation shutters, newer flooring on the main level and epoxy flooring in the garage. The landscaped, private backyard has a built-in BBQ, firepit, dog run, mature trees and room for outdoor dining on the nicely hardscaped patio. Located in an ideal spot in the community, and a short distance to the Phase 1 pool, tot lot, and award-winning Andersen Elementary School, the home also offers easy access to nearby greenbelts, parks and nature trails, sport courts, and ball fields. The Port Streets community is also close to world-class beaches, John Wayne Airport, and fine dining and shopping at Fashion Island and South Coast Plaza.