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199 Emerald Bay, Laguna Beach, CA 92651

$36.5M5bd · 7ba · 7,078 sqft
Lot 13,812 sqft•HOA $11655/mo•Single Family Residence•
Active
•280d on market•MLS# LG-25281782

Property Description

Resting at the end of a quiet cul-de-sac in Emerald Bay—Orange County's premier private, guard-gated oceanfront enclave—this exceptionally rare oceanfront residence commands a singular oversized parcel with unobstructed surfline, cove, Catalina Island, and sunset views. The home is deliberately private, buffered from neighbors, and organized around dramatic, high-volume interiors that maximize the coastal panorama. A two-story entry sets the tone, leading to main living spaces on a single level: a great room, formal dining room, expansive family room or office, theater, and an oversized kitchen with oceanfront dining. All open seamlessly to a generous seaside terrace—one of the property's defining features.The terraced grounds descend toward the water's edge, featuring broad stone terraces, gardens, a seaside spa, and lawn; all anchored by nearly century-old Monterey cypress. The master suite occupies much of an entire floor, discreetly separated from secondary bedrooms, and enjoys amazing water vistas. An elevator serves all levels, with ample garage and off-street parking for residents and guests. A private gated path and staircase provide direct, exclusive access to the cove below—an uncommon privilege. Emerald Bay remains inimitable under current restrictions: a secure oceanfront community that enjoys nearly a half-mile of pristine private beach, parks, tennis courts, swimming facilities, volleyball, and other amenities in coveted North Laguna Beach. Its residents enjoy a lifestyle that is unmatched along the coast of Southern California. This is a rare opportunity to own a generously scaled oceanfront residence overlooking one of the world's most scenic coastlines.

Features & Amenities

North LagunaFeeBuilt 1996

Property Details

Subdivision
North Laguna
Land Type
Fee
Year Built
1996
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Bluff, Catalina, City Lights, Coastline, Hills, Ocean, Panoramic, Rocks, Water, White Water
Flooring
Carpet, Stone, Wood
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byThe Agency, John Stanaland

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$184,563.86
Principal & Interest
Loan Amount
$29,200,000
Total Interest
$37,242,991
Total Payment Over 30 Years
$66,442,991
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 4 active · 4 closed

199 Emerald Bay, Laguna Beach, CA 92651

North Laguna · Laguna Beach · Single Family Residence

$36.5M
Luxury Tier
Beds
5
Baths
7
Sqft
7,078
Lot
13,812 sqft
Year
1996
$/Sqft
$5157
Pool: No✓
Spa: Yes✓
View: city✓
Garage: 3-car✓

Listed in line with the median closed sale of $35,666,500. Price per sqft ($5,157) is a 90% premium to closed comps ($2,708). Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 210 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $36.50M· $5,157/sqft
Total list price
Closed comps
vs closed median $38.00M
−$1.50M (−3.9%)
Active comps
vs active median $34.99M
+$1.50M (+4.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $6,196
−$1K (−16.8%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
157 EMERALD BAYLaguna Beach19988108,85615,706$3,896$34.50M13981
2595 AltamarLaguna Beach2025454,83810,290$7,233$34.99M11653
18 Sail VistaNewport Coast1999687,54316,953$5,300$39.98M9249
1901 Ocean WayLaguna Beach1990353,82912,043$8,356$32.00M18142
Total: 4 · Average5.37.06,266.513,748$6,196.25$35.37M132
Median7,543$34.99M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
17 High WaterNewport Coast201606/08/20266912,50020,537$39.95M$38.00M$3,0400.957540
18 Swimmers PtNewport Coast202510/30/202551111,49420,438$38.00M$38.00M$3,3061.004131
6 Waves EndNewport Coast202412/20/202471113,78729,481$35.80M$33.33M$2,4180.937926
26 Deep SeaNewport Coast200901/14/202671315,21926,297$39.99M$31.50M$2,0700.7964525
Total: 4 · Average6.311.013,25024,188.25$35.21M$35.21M$2,708.5—210
Median13,787$38.00M$38.00M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.