312 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

312 Emerald Bay, Laguna Beach, California 92651 home-pic-0
ACTIVE$5,450,000
312 Emerald Bay, Laguna Beach, California 92651
3Beds
3Baths
2,107Sqft
4,606Lot

Price Vs. Estimate

The estimated value ($4,655,001.22) is $794,998.78 (14%) lower than the list price ($5,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
Location: Located in Emerald Bay, Laguna Beach's most exclusive gated beachside community, offering privacy and prestige.
Top Cons:
Year Built: Built in 1949, the existing structure may require significant updates or replacement.

Compared to the nearby listings

Price:$5.45M vs avg $3.12M (+$2,325,000)82%
Size:2,107 sqft vs avg 2,018 sqft54%
Price/sqft:$2.6K vs avg $1.6K88%

More Insights

Built in 1949 (76 years old).
Condition: The property was built in 1949. The kitchen and bathrooms appear functional but outdated. The appliances are older, and the style is not modern. While the property seems maintained, it requires updates to meet current standards. The description suggests the property is a good candidate for rebuilding or extensive renovation.
Year Built
1949
Close
-
List price
$5.45M
Original List price
$6.39M
Price/Sqft
$2,587
HOA
$9,563
Days on market
-
Sold On
-
MLS number
NP25083244
Home ConditionFair
Features
Good View: Coastline, Ocean, Water
Patio
ViewCoastline, Ocean, Water

About this home

Live in Emerald Bay—Laguna Beach’s most exclusive gated beachside community. This rare opportunity offers the perfect canvas to build your family's custom dream home in a location that embodies privacy, prestige, and panoramic ocean views. Situated on one of the most tranquil and child-friendly one-way streets in the community, the property boasts a desirable orientation that captures coastal breezes and sunlight throughout the day. The existing 3-bedroom, 3-bathroom home provides comfortable living with multiple private outdoor spaces—all showcasing views of the Pacific. However, the true value lies in the long-term potential to rebuild and create a legacy home tailored to your vision. Emerald Bay is more than just a neighborhood—it’s a lifestyle. As a resident, you’ll enjoy access to a private white sand beach, an oceanfront pool complex, six tennis courts, sand volleyball, basketball courts, a clubhouse, lush parks, and year-round community events and children's programs. The Mediterranean-style charm and unmatched security of this gated enclave offer a sense of tranquility rarely found on the California coast. Just a short stroll from Palm Tree Circle and moments away from Laguna Beach’s world-class dining, art galleries, and surf, this is a generational opportunity to create lasting memories and long-term value in one of Southern California’s most sought-after coastal communities. Emerald Bay is where luxury meets lifestyle—and your dream home awaits.

Condition Rating
Fair

The property was built in 1949. The kitchen and bathrooms appear functional but outdated. The appliances are older, and the style is not modern. While the property seems maintained, it requires updates to meet current standards. The description suggests the property is a good candidate for rebuilding or extensive renovation.
Pros & Cons

Pros

Location: Located in Emerald Bay, Laguna Beach's most exclusive gated beachside community, offering privacy and prestige.
Ocean Views: Panoramic ocean views from the property.
Community Amenities: Access to a private beach, oceanfront pool, tennis courts, and other recreational facilities.
Rebuild Potential: Opportunity to rebuild a custom dream home tailored to personal vision.
Desirable Orientation: Property orientation captures coastal breezes and sunlight throughout the day.

Cons

Year Built: Built in 1949, the existing structure may require significant updates or replacement.
High Association Fee: The association fee is relatively high at $9,563.0.
Price Reduction: The property has experienced a price reduction from its original list price, which may indicate challenges in the market.

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