322 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 6 bed, 7 bath

322 Emerald Bay, Laguna Beach, California 92651 home-pic-0
ACTIVE$12,995,000
322 Emerald Bay, Laguna Beach, California 92651
6Beds
7Baths
5,493Sqft
6,490Lot

Price Vs. Estimate

The estimated value ($12,661,163.94) is $333,836.06 (2%) lower than the list price ($12,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean & Island Views: The property offers breathtaking panoramic views of the Pacific Ocean, Catalina Island, sunsets, and evening lights from multiple levels and rooms, significantly enhancing its luxury appeal.
Top Cons:
Substantial Association Fees: The property is subject to a high monthly association fee of $8,796, which represents a significant ongoing cost for homeowners.

Compared to the nearby listings

Price:$12.99M vs avg $3.12M (+$9,870,000)95%
Size:5,493 sqft vs avg 2,018 sqft96%
Price/sqft:$2.4K vs avg $1.6K82%

More Insights

Built in 2003 (22 years old).
Condition: This property, built in 2003, has undergone an extensive and high-quality remodel, bringing it to an excellent condition. The kitchen is a designer showcase with white cabinetry, natural stone countertops, custom backsplash, and a full suite of stainless steel Viking appliances, all appearing virtually new and meeting current luxury standards. Bathrooms feature marble finishes, jetted tubs, and modern vanities, indicating recent, top-tier renovations. The home boasts wood and stone flooring throughout, designer lighting, and newer windows and doors. While the description notes an absence of a central cooling system, this is a design choice rather than a condition flaw, and the overall quality of the renovated components aligns perfectly with an 'excellent' rating, showing no deferred maintenance and minimal physical depreciation.
Year Built
2003
Close
-
List price
$12.99M
Original List price
$12.99M
Price/Sqft
$2,366
HOA
$8,796
Days on market
-
Sold On
-
MLS number
NP24014869
Home ConditionExcellent
Features
Excellent View: Ocean
Deck
Spa
Patio
ViewOcean

About this home

Panoramic ocean views, private outdoor living areas and a broad selection of today’s most sought-after upgrades and amenities help this casual yet luxurious Emerald Bay home redefine Laguna Beach living. While focused on gorgeous Pacific Ocean, Catalina Island, sunset and evening-light views from its top two levels, the spacious custom residence embraces a spectacular multi-level backyard that reveals a dining terrace with fireplace, a private spa, impressive stonework and landscaping, and intimate patios. Countless sets of French doors open to the backyard and to ocean-facing view balconies located off second-floor bedrooms and main-level living areas. Approximately 5,493 square feet, the extensively remodeled design features six en suite bedrooms and six and one-half baths. One is located on the ground floor next to a living room and is ideal for guests, and the middle floor showcases an office, oversized laundry, and a primary suite with marble-finished bath, two walk-in closets, a view deck, jetted tub, fireplace and separate vanities. Friends and loved ones will look forward to gathering on the main floor of the residence, which opens to a large ocean-view deck and hosts an atrium, bonus room, a formal dining room, and a spacious living room with stone fireplace and deck access. Ocean views also embellish a designer kitchen that displays an island, white cabinetry with glass uppers, a nook, built-in desk, natural stone countertops, custom backsplash, a traditional pantry, butler’s pantry, and a full suite of stainless steel Viking appliances. Noteworthy advantages are led by a three-car garage with built-in cabinetry, newer windows and doors, wood and stone flooring, designer lighting, vaulted open-beam ceilings and whole-house audio. Noted as one of Southern California’s most scenic communities, the guard-gated community of Emerald Bay reveals a stunning private beach, swimming and tennis amenities, parks and even its own fire station.

Condition Rating
Excellent

This property, built in 2003, has undergone an extensive and high-quality remodel, bringing it to an excellent condition. The kitchen is a designer showcase with white cabinetry, natural stone countertops, custom backsplash, and a full suite of stainless steel Viking appliances, all appearing virtually new and meeting current luxury standards. Bathrooms feature marble finishes, jetted tubs, and modern vanities, indicating recent, top-tier renovations. The home boasts wood and stone flooring throughout, designer lighting, and newer windows and doors. While the description notes an absence of a central cooling system, this is a design choice rather than a condition flaw, and the overall quality of the renovated components aligns perfectly with an 'excellent' rating, showing no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Panoramic Ocean & Island Views: The property offers breathtaking panoramic views of the Pacific Ocean, Catalina Island, sunsets, and evening lights from multiple levels and rooms, significantly enhancing its luxury appeal.
Exclusive Guard-Gated Community: Located within the prestigious Emerald Bay community, residents benefit from unparalleled privacy, security, and access to world-class amenities including a private beach, pools, tennis courts, and parks.
Extensively Remodeled & High-End Finishes: The home has undergone extensive remodeling, featuring a designer kitchen with Viking appliances, high-quality wood and stone flooring, vaulted open-beam ceilings, designer lighting, and newer windows and doors.
Luxurious & Spacious Living: With approximately 5,493 sqft, the residence offers a generous layout including six en-suite bedrooms, a dedicated office, bonus room, and a lavish primary suite with premium features.
Exceptional Multi-Level Outdoor Entertainment: The property features a spectacular multi-level backyard with a dining terrace, fireplace, private spa, impressive stonework, and intimate patios, complemented by ocean-view balconies and a large main-level deck.

Cons

Substantial Association Fees: The property is subject to a high monthly association fee of $8,796, which represents a significant ongoing cost for homeowners.
Absence of Central Cooling System: The description does not mention a central air conditioning or cooling system, which could be a notable comfort concern for residents during warmer periods, despite coastal breezes.
Multi-Level Layout and Accessibility: The home's multi-level design, including the backyard, may present accessibility challenges for some individuals, requiring frequent use of stairs.

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