199 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 7 bath

199 Emerald Bay, Laguna Beach, California 92651 home-pic-0
ACTIVE$44,995,000
199 Emerald Bay, Laguna Beach, California 92651
5Beds
7Baths
7,078Sqft
13,812Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unparalleled Oceanfront Location & Views: Perched atop a cliff in Emerald Bay, this estate offers boundless vistas of the ocean, Catalina Island, Palos Verdes, and whitewater, with walls of glass bringing the Pacific Ocean indoors.
Top Cons:
High Association Fees: The property carries a substantial annual association fee of $11,655, adding significantly to the ongoing cost of ownership.

Compared to the nearby listings

Price:$44.99M vs avg $3.12M (+$41,870,000)99%
Size:7,078 sqft vs avg 2,018 sqft99%
Price/sqft:$6.4K vs avg $1.6K98%

More Insights

Built in 1996 (29 years old).
Condition: The property was built in 1996, making it 28 years old. While the exterior and overall structure appear meticulously maintained and of high quality, the visible bathroom (Image 4) features outdated elements such as light wood cabinetry, a beige built-in tub, and carpeted flooring, which are characteristic of late 1990s/early 2000s design. This indicates that key interior spaces have not undergone extensive modern renovations within the last 15-20 years. Although the description mentions a 'soft contemporary design,' this likely refers to the original aesthetic or an earlier renovation, not a recent update. The property is functional and well-kept but requires minor updates to modernize the bathrooms and potentially the kitchen (which is not pictured) to meet current luxury standards.
Year Built
1996
Close
-
List price
$44.99M
Original List price
$44.99M
Price/Sqft
$6,357
HOA
$11,655
Days on market
-
Sold On
-
MLS number
LG25010352
Home ConditionFair
Features
Excellent View: Bluff, Catalina, City Lights, Coastline, Hills, Ocean, Panoramic, Rocks, Water
Spa
Patio
ViewBluff,Catalina,City Lights,Coastline,Hills,Ocean,Panoramic,Rocks,Water

About this home

Perched atop a cliff in the prestigious enclave of Emerald Bay, this extraordinary estate, among merely three with direct private access to the waters below at Irvine Cove, offers boundless vistas of the ocean, Catalina Island, Palos Verdes and roaring whitewater just beneath you. Designed with intention to capitalize on both, the ever-changing views & privacy from neighbors, this residence occupies one of the most expansive lots within Emerald Bay as well as the Coast with nearly 100’ of frontage. Multiple terraces, mature landscaping, and a cove-facing hot tub were meticulously envisioned to maximize the natural slopes and endless views of crashing waves. A spectacular towering cypress greets you as you enter the estate while sea lions, dolphins, ospreys, yachts, and more entertain. A soft contemporary design intersects with functionality, resulting in inviting interiors that lend themselves to everyday living and entertaining. The different wings add privacy for family and guests. Soaring ceilings create voluminous spaces throughout the residence. Walls of glass opening to the terraces bring the Pacific Ocean and beyond indoors and it feels as if you’re sitting on top of the water. The muted palette of natural materials such as wood and limestone, curated to not compete with the coastal beauty, creates a soothing environment. Grand in scale, the main areas of the property as well as all bedrooms face outwards towards the multiple water-facing terraces. The owners’ suite spans nearly an entire level of the home, creating a private retreat with a spectacular view balcony. The rarity of this vastness while designed to optimize privacy from neighbors of this oceanfront estate cannot be overstated.

Condition Rating
Fair

The property was built in 1996, making it 28 years old. While the exterior and overall structure appear meticulously maintained and of high quality, the visible bathroom (Image 4) features outdated elements such as light wood cabinetry, a beige built-in tub, and carpeted flooring, which are characteristic of late 1990s/early 2000s design. This indicates that key interior spaces have not undergone extensive modern renovations within the last 15-20 years. Although the description mentions a 'soft contemporary design,' this likely refers to the original aesthetic or an earlier renovation, not a recent update. The property is functional and well-kept but requires minor updates to modernize the bathrooms and potentially the kitchen (which is not pictured) to meet current luxury standards.
Pros & Cons

Pros

Unparalleled Oceanfront Location & Views: Perched atop a cliff in Emerald Bay, this estate offers boundless vistas of the ocean, Catalina Island, Palos Verdes, and whitewater, with walls of glass bringing the Pacific Ocean indoors.
Exceptional Exclusivity & Rarity: One of only three estates with direct private access to the waters below at Irvine Cove, and one of the most expansive lots in Emerald Bay with nearly 100' of frontage.
Thoughtful Contemporary Design & Privacy: Features a soft contemporary design with soaring ceilings, voluminous spaces, a muted palette of natural materials, and distinct wings adding privacy for family and guests.
Expansive Outdoor Living & Amenities: Occupies one of the largest lots with multiple terraces, mature landscaping, and a cove-facing hot tub, meticulously envisioned to maximize natural slopes and endless views.
Luxurious Owner's Suite: The owner's suite spans nearly an entire level of the home, creating a private retreat with a spectacular view balcony.

Cons

High Association Fees: The property carries a substantial annual association fee of $11,655, adding significantly to the ongoing cost of ownership.
Limited Buyer Pool: The ultra-luxury price point of nearly $45 million significantly restricts the potential buyer demographic, requiring a very specific high-net-worth individual.
Potential for High Maintenance Costs: An expansive cliffside estate with mature landscaping, multiple terraces, and direct water access likely entails significant ongoing maintenance and upkeep expenses.

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