First things first. Balboa Island is not a reference to the Rocky movies. But that doesn’t mean that this destination is any less fun-filled and exhilarating. “Balboa Island is a great place for little kids to play in the water,” says Erica Ziel. “It will always be a special place for us since we lived there for five years.” If you’re searching for a great vacation spot in Orange County, look no further!