70 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$19,995,000
70 Emerald Bay, Laguna Beach, California 92651
4Beds
4Baths
2,157Sqft
6,400Lot
Year Built
1948
Close
-
List price
$20M
Original List price
$22.5M
Price/Sqft
-
HOA
$8,378
Days on market
-
Sold On
-
MLS number
LG25000443
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Water

About this home

An extraordinary prospect of owning a front-row offering in the highly regarded community of Emerald Bay. Meticulously maintained for decades by the current owners, the property now presents a prime remodel or rebuild opportunity for those seeking to reside in Laguna Beach. The immediate proximity to the Pacific Ocean ensures that all living spaces are filled with the sound of waves and coastal breezes, creating a serene atmosphere throughout. The main level features elegant water-facing gathering spaces, including a formal sitting room with a fireplace and sliding doors to the oversized wraparound patio. The central dining area connects to the property’s kitchen with access to the home’s backyard. Elevated and secluded, it abounds in lush greenery. On the upper level, the principal suite features sit-down ocean views, a dressing area, and an ensuite bath. Offering privacy as well as a sense of community, Emerald Bay is sought out for its unparalleled amenities. The highlights of this guard-gated enclave include a residents-only beach, green sections, sports courts, a lap pool, and a neighborhood atmosphere - all in an accessible North Laguna Beach location.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (138 Listings)
Beds43
58%
Baths43
62%
Square foot2,1572,015
55%
Lot Size6,4005,581
62%
Price$20M$3.15M
98%
Price per square foot$9,270$1,571
99%
Built year19481965
26%
HOA$8,378
1%
Days on market305198
91%
Condition Rating
Fair

The property was built in 1948 and appears to have been maintained but not recently renovated. The kitchen and bathrooms show their age with outdated styles and features. While functional, they would benefit from updates. The description mentions a "remodel or rebuild opportunity," suggesting the property is not in excellent or good condition.
Pros & Cons

Pros

Prime Location: Front-row property in the highly desirable Emerald Bay community of Laguna Beach, offering unparalleled access to coastal living.
Ocean Views and Sounds: Proximity to the Pacific Ocean provides stunning ocean views and the soothing sounds of waves, creating a serene atmosphere.
Community Amenities: Emerald Bay offers exclusive amenities including a private beach, green spaces, sports courts, a lap pool, and a guard-gated entrance, enhancing lifestyle and security.
Remodel/Rebuild Opportunity: Presents a prime opportunity for remodel or rebuild, allowing buyers to customize the property to their exact specifications and preferences.
Desirable Neighborhood: Located in an accessible North Laguna Beach location, offering both privacy and a strong sense of community.

Cons

Renovation Required: Property is described as needing remodel or rebuild, which may require significant upfront investment and time.
Year Built: Built in 1948, the property may have outdated infrastructure and require updates to meet modern standards.
High Association Fee: The association fee is $8378, which is a significant monthly expense and could deter some buyers.

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