157 159 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 8 bed, 10 bath
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Laguna Beach, California 92651
Analysis of 157 159 Emerald Bay, Laguna Beach, California 92651 is currently available with a list price of $34,500,000. 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.
Property is new construction or fully renovated.
While originally built in 1998, the property is described as being in absolute pristine condition with high-end renovations. The chef's kitchen features modern appliances and finishes, bathrooms are updated with luxury stone, and the inclusion of solar panels and an elevator indicates well-maintained or updated systems.
Features two separate luxury homes on two legal parcels, providing unmatched flexibility for multi-generational living, guest accommodations, and grand-scale entertaining.
Situated on the highly coveted ocean side of Pacific Coast Highway, offering sweeping panoramic views of the ocean, coastline, and city lights.
Provides exclusive access to Emerald Bay's premium private beach, tennis and pickleball courts, swim center, and 24-hour guard-gated security.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15706, other record lot size in square feet = 7980. Living area discrepancy between mls listing and other public or private record. mls listing living area = 8856, other record living area = 6633. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 5.
The property incurs a high association fee of $10,000 alongside significant ongoing maintenance expenses required to operate a dual-home resort compound.
At a premium price point of $34.5 million, the property targets an extremely exclusive and limited pool of qualified buyers, which may result in a longer sales cycle.
**Legacy by the Sea: A Rare Two-Residence Compound in Emerald Bay**A truly extraordinary opportunity within the prestigious guard-gated community of Emerald Bay in Laguna Beach. Situated on the highly coveted ocean side of Pacific Coast Highway, this exceptional legacy compound encompasses two separate residences on two legal parcels, creating one of the most unique offerings ever available within this world-renowned coastal enclave. Together, 157 and 159 Emerald Bay offer approximately 8,856 square feet of living space on a combined 15,706 square feet of grounds, thoughtfully designed for multi-generational living, grand-scale entertaining, and effortless coastal luxury. Sweeping ocean views, expansive indoor-outdoor living spaces, and an unmatched collection of amenities define this one-of-a-kind estate in absolute pristine condition. The main residence features elegant formal and casual living spaces, a chef's kitchen, elevator access, theater and bonus rooms, fitness area, conditioned wine room, extensive storage, and a five-car garage. The secondary residence offers contemporary coastal design, a dramatic great room with disappearing walls of glass, designer kitchen, private office, guest suite, a custom bunk room plus a two-car garage. Resort-inspired grounds include a saltwater pool and spa, infrared sauna, outdoor shower, two outdoor fireplaces plus a seated fire pit, outdoor television, expansive lawn, built-in barbecue, and multiple dining, lounging and entertaining areas. Residents enjoy Emerald Bay's private beach, tennis and pickleball courts, volleyball, swim center, parks, and 24-hour guard-gated and patrolled security. Rarely does a property of this scale, flexibility, and pedigree become available. An unparalleled opportunity to own one of Emerald Bay's most extraordinary family compounds.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.0 |
| Baths | 10.0 | 3.0 |
| Square foot | 8,856 | 2,351 |
| Lot Size | 15,706 | 6,231 |
| Price | $34.50M | $3.25M |
| Price per sq ft | $3.9K | $1.7K |
| Built year | 1998 | 1969 |
| HOA | $10000.0 | $3.0K |
| Days on market | 37 | 71 |
Jun 15, 2026
$34,500,000
Initial Listing