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balcony (n.)

1610s, "platform projecting from a wall of a building surrounded by a wall or railing," from Italian balcone, from balco "scaffold," which is from a Germanic source (perhaps Langobardic *balko- "beam"), from Proto-Germanic *balkon- (see balk (n.)). With Italian augmentative suffix -one. From 1718 as "gallery in a theater." Until c. 1825, regularly accented on the second syllable. Related: Balconied.

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Definitions of balcony from WordNet

balcony (n.)
an upper floor projecting from the rear over the main floor in an auditorium;
balcony (n.)
a platform projecting from the wall of a building and surrounded by a balustrade or railing or parapet;
From wordnet.princeton.edu