138 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 5 bath
138 Emerald Bay
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 138 Emerald Bay, Laguna Beach, California 92651 reveals a Fairly Priced Property with a current list price of $9,895,000 aligned with the estimated $10,007,277 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 138 Emerald Bay Subject | $9,895,000* List Price | 4 | 5 | 3,431 | $2,917 | - |
A 523 Emerald Bay Sold | $11,100,000 | 5 | 5 | 4,092 | $2,713 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2001, this property has clearly undergone extensive, high-quality renovations that bring it to a virtually new standard. The kitchen features top-of-the-line Wolf range and Sub-Zero style refrigeration, custom cabinetry, and pristine countertops. Bathrooms are equally impressive with modern fixtures, high-end vanities, and a mix of classic and contemporary finishes, including a freestanding tub and glass-enclosed showers. Hardwood flooring throughout the main living areas and well-maintained carpets in bedrooms, along with modern lighting and overall impeccable condition, indicate minimal physical depreciation and current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exclusive Guard-Gated Community & Amenities
Located in Emerald Bay, one of Southern California’s most exclusive guard-gated communities, offering a private beach, heated pools, tennis/pickleball courts, parks, and a dedicated fire station.
- Prime Ocean-Side Location & Access
Situated on the Ocean Side of Pacific Coast Highway on a prime corner flat lot, with unbeatable convenience to the highly desirable north beach access and residents’ gate.
- Flexible & Modern Living Space
Features a modern Santa Barbara-style home with an open floor plan and primary suites on both levels, providing flexibility for single-level living if desired.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8008, other record lot size in square feet = 7300. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3431, other record living area = 3859. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Substantial Association Fees
The association fee of $9,563.0 is exceptionally high, representing a significant ongoing cost that could impact affordability and the pool of potential buyers.
- Recent Price Increase
The listing price recently increased from $8.895M to $9.895M, which may raise questions about the property's valuation strategy or market competitiveness.
About 138 Emerald Bay
A rare Emerald Bay opportunity - Ocean Side of Pacific Coast Highway! This modern Santa Barbara-style home sits on a prime corner flat lot near the highly desirable north beach access and residents’ gate, offering unbeatable convenience. Spanning approximately 3,431 square feet, and wrapping around a private and spacious backyard, the open floor plan was designed to include primary suites on both levels allowing for single level living if preferred. Emerald Bay is one of Southern California’s most exclusive guard gated communities, featuring a private beach, heated pools, tennis and pickle ball courts, parks, and even its own fire station - a rare blend of luxury, privacy, and world-class amenities. An opportunity like this in Emerald Bay doesn’t come often - don’t miss your chance to call this stunning property home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 8,008 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $9563.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 5.0 | 3.0 | 81% |
| Square foot | 3,431 | 2,054 | 87% |
| Lot Size | 8,008 | 6,041.5 | 78% |
| Price | $9.89M | $3.06M | 96% |
| Price per sq ft | $2.9K | $1.6K | 92% |
| Built year | 2001 | 1965 | 85% |
| HOA | $9563.0 | $0 | 96% |
| Days on market | 41 | 200 | 3% |
Pricing History
Listed for Sale
Jan 26, 2026
$9,895,000
Initial Listing
Price Change
Jan 25, 2026
$8,895,000
Initial Listing
Sold
Sep 24, 2021
$6,200,000
Public Record
Sold
Apr 16, 2002
$2,350,000
Public Record
Sold
Oct 29, 1999
$1,950,000
Public Record