Welcome to one of the best-located properties in all of Dover Shores—1232 Blue Gum is a rare offering on a private cul-de-sac, perfectly positioned across from the scenic Castaways Loop and just steps from the newly opened Nick’s and neighborhood favorite Juliette&#39's Cafe&#39'. Live in the heart of it all—walk to 17th Street’s vibrant mix of shops, dining, groceries, fitness, and essentials like CVS, all just blocks from your front door. This versatile five-bedroom, six-bathroom home spans over 6000 square feet and offers rare flexibility: section off a portion of the home as an income-producing ADU and still enjoy a spacious four-bedroom main residence. With potential to generate $5,000+ per month in rental income, this is a smart move for investors, multi-gen living, or those seeking added privacy for guests, in-laws, or college students. Enjoy direct access to the Back Bay and Newport Beach Aquatic Center for paddle boarding and kayaking. Coastal living awaits right outside your back door. You are walking distance to Castaways Park, Mariner’s Park, Mariner’s Elementary School, Ensign Intermediate, and Newport Harbor High School. Hop on your bike and be at the beach in minutes. This is more than a home, it is a lifestyle property in one of the most coveted neighborhoods in Newport Beach. Call today for a private showing.