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

32 Emerald Bay
Laguna Beach, California 92651
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32 Emerald Bay Subject | $8,950,000* List Price | 3 | 4 | 3,717 | $2,671 | - |
A 307 Emerald Bay Active | $6,950,000 List Price | 5 | 5 | 2,417 | $2,875 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 68% |
| Square foot | 3,717 | 2,054 | 91% |
| Lot Size | 3,726 | 6,003 | 19% |
| Price | $8.95M | $3.06M | 93% |
| Price per sq ft | $2.4K | $1.6K | 80% |
| Built year | 1985 | 1965 | 75% |
| HOA | $8378.0 | $0 | 94% |
| Days on market | 22 | 200 | 3% |
Pricing History
Listed for Sale
Feb 13, 2026
$8,950,000
Initial Listing
Sold
Oct 7, 2003
$2,750,000
Public Record





































