Welcome to this stunning Newport Beach residence. Located within the secure and private community of Bonita Canyon, 29 Palazzo boasts a prime corner lot positioned with the added reassurance of 24-hour guard-gated access. Spanning 3,800 sq. ft., this home features a luxurious main floor primary suite alongside a convenient main floor guest ensuite. The primary suite offers a relaxing sitting area, the bathrooms include dual vanities, a relaxing soaking tub, and spacious walk-in closet. The main floor also includes a formal dining room, home office, a welcoming great room adjacent to the kitchen, and a formal living room with a sophisticated fireplace. The kitchen is equipped with granite countertops, a breakfast nook area, and a generous island that opens to the cozy great room. Upstairs, are two additional bedrooms, and a full bathroom. There is an open lofted area perfect for an additional family room. The home features a 3-car garage with built-in storage cabinets and a workbench. The laundry room is located on the main level, adjacent to the garage. There are fully approved HOA architectural plans to redesign the entire space into a 5 bedroom, 4.5 bathroom home. Residents can take advantage of community amenities such as a pool, tennis court, and park/playground. Don't let this fantastic opportunity pass you by; make this exceptional Newport Beach property your new home today!