Southern French Transitional meets beach house in this stunning custom built Balboa Peninsula 3 bedroom plus den, 5 bath home in an unmatched location just two doors from the Bay and two blocks from the beach. This elevated corner residence offers Bay and ocean views, an abundance of indoor/outdoor living space, three car parking, an elevator to all three levels, and handcrafted, thoughtful design throughout. The spacious front patio provides direct Bay views and leads into the main levelanchored by a large great room with a fireplace, seamlessly connected to a gourmet kitchen with high end appliances, marble countertops, island with bar seating, and custom made metal spiral staircasea feat of craftsmanshipascends to all three levels, with an elevator for added convenience. The second level houses two guest suites with private baths, a laundry room, and the master suite. The master retreat includes a private balcony with Bay views, an impressive bath with a walk in shower and freestanding tub, and a large walk in closet. The rooftop deck crowns the home, offering two separate outdoor areas for entertaining. One side features a covered seating area with a fireplace, BBQ, sink, and fridge, while the other includes a loggia with ocean and Bay views extending to Fashion Island. An enclosed seating area and bathroom between the two decks complete this luxurious rooftop experience. With a two car garage and a valuable oversized parking pad, 318 Coronado offers an extraordinary opportunity to enjoy Balboa Peninsulas finest coastal living.