138 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 5 bath

138 Emerald Bay, Laguna Beach, California 92651 home-pic-0
ACTIVE$9,750,000
138 Emerald Bay, Laguna Beach, California 92651
4Beds
5Baths
3,431Sqft
8,008Lot

Price Vs. Estimate

The estimated value ($7,654,518.52) is $2,095,481.48 (21%) lower than the list price ($9,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive Community & Amenities: Located in Emerald Bay, a guard-gated community offering a private beach, heated pools, tennis/pickleball courts, parks, and a fire station, ensuring luxury, privacy, and comprehensive amenities.
Top Cons:
Significant Overpricing: The current list price of $9.75 million is 21% above its estimated market value, potentially hindering buyer interest and prolonging market time.

Compared to the nearby listings

Price:$9.75M vs avg $3.12M (+$6,625,000)91%
Size:3,431 sqft vs avg 2,018 sqft80%
Price/sqft:$2.8K vs avg $1.6K91%

More Insights

Built in 2001 (24 years old).
Condition: Despite being built in 2001, this property presents as virtually new, indicating extensive recent renovations or meticulous, continuous high-end maintenance. The kitchen features top-of-the-line, modern stainless steel appliances (e.g., Sub-Zero style refrigerator with wine cooler), custom cabinetry, and quality countertops, all in excellent condition. The flooring throughout is high-quality hardwood, and lighting fixtures are modern and recessed. The description highlights 'exquisite Restoration Hardware furniture and furnishings' and a 'modern Santa Barbara-style home,' reinforcing a contemporary and luxurious aesthetic. All visible elements suggest no deferred maintenance and meet current quality standards, aligning with an 'excellent' rating.
Year Built
2001
Close
-
List price
$9.75M
Original List price
$9.75M
Price/Sqft
$2,842
HOA
$9,563
Days on market
-
Sold On
-
MLS number
LG25059358
Home ConditionExcellent
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

WOW! 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, it comes fully turnkey with exquisite Restoration Hardware furniture and furnishings, and a newer golf cart for effortless coastal living. 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!

Condition Rating
Excellent

Despite being built in 2001, this property presents as virtually new, indicating extensive recent renovations or meticulous, continuous high-end maintenance. The kitchen features top-of-the-line, modern stainless steel appliances (e.g., Sub-Zero style refrigerator with wine cooler), custom cabinetry, and quality countertops, all in excellent condition. The flooring throughout is high-quality hardwood, and lighting fixtures are modern and recessed. The description highlights 'exquisite Restoration Hardware furniture and furnishings' and a 'modern Santa Barbara-style home,' reinforcing a contemporary and luxurious aesthetic. All visible elements suggest no deferred maintenance and meet current quality standards, aligning with an 'excellent' rating.
Pros & Cons

Pros

Exclusive Community & Amenities: Located in Emerald Bay, a guard-gated community offering a private beach, heated pools, tennis/pickleball courts, parks, and a fire station, ensuring luxury, privacy, and comprehensive amenities.
Prime Coastal Location: Situated on the ocean side of Pacific Coast Highway, on a desirable corner flat lot with convenient access to the north beach and residents' gate.
Turnkey Luxury: Offered fully turnkey with exquisite Restoration Hardware furniture and furnishings, plus a newer golf cart, providing immediate, high-end coastal living.
Flexible Floor Plan: Features an open floor plan with primary suites on both levels, allowing for versatile single-level living options.
Modern Construction & Style: A modern Santa Barbara-style home built in 2001, combining contemporary aesthetics with relatively newer construction.

Cons

Significant Overpricing: The current list price of $9.75 million is 21% above its estimated market value, potentially hindering buyer interest and prolonging market time.
High Association Fees: The substantial association fee of $9,563.0 (likely annual) represents a significant ongoing cost that could be a deterrent for potential buyers.
Smaller Size Relative to Comps: At 3,431 sqft, the property is smaller than comparable luxury homes in the area, which might affect its competitive positioning and perceived value.

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