Ideally positioned on a quaint cul-de-sac in Newport's Cherry Lake District, 342 Peach Tree Lane boasts a rarely offered versatile single level living experience. This mid-century modern bungalow inspired home includes 2,683 square feet of relaxing living space, four bedrooms, four bathrooms, and a flex room off the entry suitable for a home office, teen room, or a fifth bedroom suite. The floor plan effortlessly flows from the gracious formal dining area into the entertainer's kitchen opening to the living room. Retreat to the secluded master suite features vaulted ceilings, his & hers wardrobe closets, a dual vanity, walk-in shower, and direct access to the backyard. Enjoy year round outdoor living in both the fenced in front yard and private rear exterior living space with pool, spa, and wrap around deck. Whole house recent upgrades include hardwood flooring, bathrooms, windows & shades, furnace & condenser, electrical panel, kitchen cabinet refinishing, and roof. Located within walking distance to the Back Bay trails, Irvine Ranch Market, Newport Beach Golf Club and a short drive to major freeways, John Wayne Airport, and Orange County's best beaches, shopping, and restaurants. Don't miss your opportunity to secure this truly one-of-kind property.