
Laguna Beach, California 92651
This Front-Row Coastal Asset in the prestigious Emerald Bay community is listed at $15,995,000, following a significant price reduction. While the Fair Market Value is $13,044,040, the property’s Condition Rating of 4 and "blank canvas" status offer a high-end Value-Add Opportunity in a supply-constrained market. Featuring Panoramic Ocean Views and access to Laguna Beach Unified Schools, this mid-century residence is primed for a luxury transformation. This is an exceptional acquisition for Luxury Developers or Visionary Owner-Occupants seeking an irreplaceable Laguna Beach footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74 Emerald Bay Subject | $15,995,000* List Price | 2 | 2 | 1,874 | $7,905 | - |
A 70 Emerald Bay Sold | $15,050,000 | 4 | 4 | 2,157 | $6,977 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954 and described as a 'blank canvas,' this mid-century home appears well-maintained but largely original. While it features charming architectural elements like vaulted ceilings and a brick fireplace, the kitchen and bathrooms are dated and lack modern luxury updates, making it a prime candidate for a full renovation.
An unparalleled opportunity to acquire a perfectly positioned, front-row residence within the coveted enclave of Emerald Bay. This exceptional location on the Emerald Green park mere yards from the edge of the Pacific Ocean allows the sound of the waves and the movement of sea air to permeate every part of the property. Wake to cheerful morning sunshine with a tennis court, a manicured community grass field, beach volleyball or a dip in the ocean just steps from your front door. This tranquil, light-filled home, a haven for its current owners for decades, now offers a blank canvas for those seeking to realize their dream of coastal living. The main living area capitalizes on the beach and ocean views, with oversized windows framing the breathtaking vistas beyond. Brimming with midcentury modern charm, the living room features a full-height brick mantle fireplace, vaulted ceilings, and built-in details. Multiple access points to the backyard invite the outside in, with lush, mature landscaping creating a sense of privacy. A kitchen with a breakfast nook, two ample bedrooms, a den, and two bathrooms complete the single-level floor plan. Much more than just a neighborhood, the community of Emerald Bay is revered for its exclusive amenities: a residents-only beach, green spaces, sports courts, a lap pool, and a year-round events calendar —all within the easily accessible North Laguna Beach location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,874 | 2,107 | 36% |
| Lot Size | 6,750 | 6,003 | 59% |
| Price | $15.99M | $3.10M | 97% |
| Price per sq ft | $8.5K | $1.6K | 99% |
| Built year | 1954 | 1964 | 35% |
| HOA | $8378.0 | $0 | 95% |
| Days on market | 400 | 183 | 94% |
Jan 20, 2026
$15,995,000
$17,995,000
-11% Price Drop
Initial Listing
Sep 21, 2025
$17,995,000
$19,995,000
-10% Price Drop
Initial Listing
Mar 18, 2025
$19,995,000
Initial Listing