74 Emerald Bay, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath

74 Emerald Bay, Laguna Beach, California 92651 home-pic-0
ACTIVE$17,995,000
74 Emerald Bay, Laguna Beach, California 92651
2Beds
2Baths
1,874Sqft
6,750Lot

Price Vs. Estimate

The estimated value ($17,995,000) is $0 (0%) lower than the list price ($17,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unrivaled Oceanfront Location: Perfectly positioned, front-row residence within the coveted Emerald Bay enclave, mere yards from the Pacific Ocean, offering an immersive coastal experience.
Top Cons:
Significant Renovation Potential: Described as a 'blank canvas,' indicating that while charming, the property likely requires substantial investment to modernize or customize to contemporary luxury standards.

Compared to the nearby listings

Price:$18.00M vs avg $3.12M (+$14,870,000)98%
Size:1,874 sqft vs avg 2,015.5 sqft46%
Price/sqft:$9.6K vs avg $1.6K99%

More Insights

Built in 1954 (71 years old).
Condition: Built in 1954, this property retains significant mid-century modern charm but is explicitly described as a 'blank canvas' requiring 'substantial investment to modernize or customize to contemporary luxury standards.' While the structure appears sound and the location is unparalleled, the interior, including the unseen kitchen and bathrooms, is implied to be original or very dated, necessitating a complete overhaul. The visible older carpeting and dated built-ins further support the need for extensive renovation to meet current quality and style standards, moving beyond minor updates.
Year Built
1954
Close
-
List price
$18M
Original List price
$20M
Price/Sqft
$9,602
HOA
$8,378
Days on market
-
Sold On
-
MLS number
LG25040442
Home ConditionPoor
Features
Excellent View: Coastline, Park/Greenbelt, Neighborhood, Ocean, Water
Patio
ViewCoastline, Park/Greenbelt, Neighborhood, Ocean, Water

About this home

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.

Condition Rating
Poor

Built in 1954, this property retains significant mid-century modern charm but is explicitly described as a 'blank canvas' requiring 'substantial investment to modernize or customize to contemporary luxury standards.' While the structure appears sound and the location is unparalleled, the interior, including the unseen kitchen and bathrooms, is implied to be original or very dated, necessitating a complete overhaul. The visible older carpeting and dated built-ins further support the need for extensive renovation to meet current quality and style standards, moving beyond minor updates.
Pros & Cons

Pros

Unrivaled Oceanfront Location: Perfectly positioned, front-row residence within the coveted Emerald Bay enclave, mere yards from the Pacific Ocean, offering an immersive coastal experience.
Exclusive Community Amenities: Access to residents-only beach, green spaces, sports courts, a lap pool, and a year-round events calendar, enhancing lifestyle and property value.
Panoramic Ocean Views & Ambiance: Features breathtaking beach, ocean, coastline, and water views from oversized windows, with the sound of waves and sea air permeating the property.
Mid-Century Modern Charm: Brimming with original mid-century modern architectural details, including a full-height brick mantle fireplace, vaulted ceilings, and built-in features.
Direct Access to Recreation: Steps away from a tennis court, community grass field, beach volleyball, and ocean access, promoting an active outdoor lifestyle.

Cons

Significant Renovation Potential: Described as a 'blank canvas,' indicating that while charming, the property likely requires substantial investment to modernize or customize to contemporary luxury standards.
Exorbitant Price Point: With a list price of nearly $18 million, the property targets an extremely niche market, potentially limiting the pool of prospective buyers.
High Annual Association Fees: A substantial annual association fee of $8,378 adds a significant ongoing cost to ownership, which buyers must factor into their budget.

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