32 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 4 bath

32 Emerald Bay, Laguna Beach, California 92651 home-pic-0

32 Emerald Bay

Laguna Beach, California 92651

ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
3,717Sq Ft
3,726Lot Size

Property Price

LIST PRICE$8,950,000
EST. MARKET VALUE
$9,927,151
9% BelowMARKET VALUE

SUMMARY

Analysis of 32 Emerald Bay, Laguna Beach, California 92651 reveals a Prime Investment Opportunity with a current list price of $8,950,000—significantly undercutting the $9,927,151 Fair Market Value by 9%. This valuation gap indicates a +$977,151 Instant Equity potential for buyers. 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.

Estimated Market Value

$9,927,151 +$977,151 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
32 Emerald Bay
Subject
$8,950,000*
List Price
343,717$2,671-
A
307 Emerald Bay
Active
$6,950,000
List Price
552,417$2,8750.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This 1985 property has undergone an extensive, high-end modern renovation within the last few years, bringing it to a turn-key state that meets current luxury standards. The kitchen is equipped with premium stainless steel appliances and contemporary cabinetry, while the bathrooms feature designer stone finishes and integrated sinks. The home boasts high-quality wide-plank wood flooring, modern recessed lighting, updated black-framed windows, and glass railings, showing no signs of physical depreciation or deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Coastal Location

    Situated on the coveted ocean side of Emerald Bay, this property offers rare, immediate access to one of California's most exclusive private beaches just steps away.

  • Panoramic Ocean Views

    The home features sweeping views of the entire bay, Catalina Island, and the coastline, providing an exceptional backdrop for entertaining and daily living.

  • Turn-Key Condition

    Extensively remodeled with refined finishes and a versatile floor plan, the home is move-in ready and includes a flexible bonus room ideal for a gym or home office.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 3717, other record living area = 2918. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.

  • Low Available Lot Utilization

    The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3726, living area = 3717.

  • High Association Fees

    The association fee of $8,378 represents a significant recurring carrying cost that may be a consideration for some buyers.

About 32 Emerald Bay

32 Emerald Bay is the Best of coastal luxury on the coveted ocean side of Emerald Bay, just steps from the sand. This beautifully remodeled 3-bedroom, 3.5-bath home blends refined design with an easy, beachside feel in one of the community’s most desirable locations. Thoughtfully updated throughout, the light-filled interiors offer elevated finishes and a seamless indoor-outdoor flow ideal for both everyday living and entertaining. The spacious floor plan includes a versatile bonus room—perfect for a home office or gym adding flexibility to suit your lifestyle. The living room deck is the true highlight, showcasing sweeping views of the entire bay. It’s an incredible setting for sunset dinners, morning coffee, or simply unwinding with ocean breezes and the sound of the waves. Beyond the home, Emerald Bay residents enjoy an exceptional collection of private amenities, including six tennis courts, sand volleyball courts, a resort-style swimming pool complex, beautifully maintained parks, playgrounds, and of course, one of the most stunning private beaches on the coast. Turn-key and ideally located within this premier guard-gated community, this home offers privacy, prestige, and effortless access to the beach—capturing the very best of Emerald Bay living: refined, relaxed, and right by the water.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1985
Lot Size
3,726 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$8378.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.03.0
68%
Square foot3,7172,054
91%
Lot Size3,7266,003
19%
Price$8.95M$3.06M
93%
Price per sq ft$2.4K$1.6K
80%
Built year19851965
75%
HOA$8378.0$0
94%
Days on market22200
3%

Pricing History

Listed for Sale

Feb 13, 2026

$8,950,000

Initial Listing

Sold

Oct 7, 2003

$2,750,000

Public Record

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