2 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
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Laguna Beach, California 92651
This historic Henry Palmer Sabin Spanish-style residence is a Strong Value Opportunity, listed at $5,900,000—positioned well below the $6,374,704 Fair Market Value by 7%. This valuation gap offers $474,704 in Instant Equity. Maintaining a Good Condition Rating, this move-in ready sanctuary features timeless craftsmanship, modern updates, and hillside views with exclusive Emerald Bay beach access within the Laguna Beach Unified district. It perfectly balances a coastal lifestyle with immediate financial logic. This is an ideal opportunity for Owner-Occupants looking to build wealth or Luxury Value-Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Emerald Bay Subject | $5,900,000* List Price | 3 | 3 | 2,619 | $2,434 | - |
A 307 Emerald Bay Active | $6,950,000 List Price | 5 | 5 | 2,417 | $2,875 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1932 historic Spanish-style residence is move-in ready and has been meticulously maintained with tasteful modern updates, including new double-paned windows. While it retains its original architectural charm and craftsmanship, the integration of contemporary livability features and well-preserved systems places it in the 'good' category. It does not qualify as 'excellent' only because it is a historic preservation rather than a brand-new construction or a total gut renovation where all components are less than five years old.
Situated on the highly coveted Oceanside of Emerald Bay, this property offers exclusive access to one of California’s most prestigious and secure private beach communities.
Designed by renowned architect Henry Palmer Sabin, this 1930s Spanish-style residence showcases timeless craftsmanship and historic character that is rare in the luxury market.
The home seamlessly blends vintage aesthetics with contemporary updates, including new double-paned windows and a versatile floor plan featuring a rare basement for ample storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2619, other record living area = 2362.
With a lot size of 3,750 square feet, the outdoor space is relatively compact, which may limit buyers seeking expansive private gardens or large-scale outdoor amenities.
Despite its premium location and price point, the property features a hill view rather than a direct ocean view, which may be a drawback for high-end coastal buyers.
This romantic 1930s California Spanish–style residence, designed by renowned architect Henry Palmer Sabin, is truly a work of art. Lovingly maintained and thoughtfully enhanced, it captures the timeless character and craftsmanship of the era while introducing tasteful modern updates. Located on the highly coveted Oceanside of Emerald Bay, this three-bedroom, three-bath home offers the perfect blend of historic charm and contemporary livability. New double paned windows flood the interiors with natural light, accentuating the rich architectural details throughout. The floor plan offers exceptional versatility, ideal as a full-time residence or a beachside retreat. Highlights include an inviting enclosed side yard perfect for entertaining or play, a separate family room or office for added flexibility, and a rare basement providing abundant storage. Within close proximity to Emerald Bay’s pristine beach, this enchanting home invites you to experience the romance, warmth, and lifestyle that make Emerald Bay one of California’s most treasured coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,619 | 2,111 | 74% |
| Lot Size | 3,750 | 6,000 | 20% |
| Price | $5.90M | $3.10M | 86% |
| Price per sq ft | $2.3K | $1.6K | 79% |
| Built year | 1932 | 1964 | 13% |
| HOA | $9563.0 | $0 | 95% |
| Days on market | 100 | 180 | 22% |
Jan 12, 2026
$5,900,000
Initial Listing
Jul 16, 2018
$3,127,000
Public Record
Jun 24, 2003
$1,813,000
Public Record