2 Emerald Bay, Laguna Beach, CA 92651
2 Emerald Bay, Laguna Beach, CA 92651
Property Description
This romantic 1930s California Spanish–style residence, designed by renowned architect Henry Palmer Sabin, is truly a work of art. Lovingly maintained and thoughtfully enhanced, it captures the timeless character and craftsmanship of the era while introducing tasteful modern updates. Located on the highly coveted Oceanside of Emerald Bay, this three-bedroom, three-bath home offers the perfect blend of historic charm and contemporary livability. New double paned windows flood the interiors with natural light, accentuating the rich architectural details throughout. The floor plan offers exceptional versatility, ideal as a full-time residence or a beachside retreat. Highlights include an inviting enclosed side yard perfect for entertaining or play, a separate family room or office for added flexibility, and a rare basement providing abundant storage. Within close proximity to Emerald Bay’s pristine beach, this enchanting home invites you to experience the romance, warmth, and lifestyle that make Emerald Bay one of California’s most treasured coastal communities.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 3 active · 5 closed
North Laguna · Laguna Beach · Single Family Residence
Listed 18.5% below the median closed sale of $6,500,000. Price per sqft ($2,022) is a 19% discount to closed comps ($2,510). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (3)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 130 Mcknight | Laguna Beach | 1957 | 4 | 4 | 2,806 | 10,677 | $4,544 | $12.75M | 138 | 72 |
| 1680 Louise | Laguna Beach | 1937 | 4 | 4 | 3,197 | 6,000 | $2,424 | $7.75M | 56 | 71 |
| 425 Panorama Drive | Laguna Beach | 2000 | 3 | 4 | 2,948 | 7,800 | $2,475 | $7.29M | 24 | 65 |
| Total: 3 · Average | 3.7 | 4.0 | 2,983.667 | 8,159 | $3,147.667 | $9.27M | 72.66666666666667 | |||
| Median | 2,948 | $7.75M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 486 Locust Street | Laguna Beach | 1961 | 09/08/2026 | 3 | 3 | 2,066 | 6,125 | $3.65M | $3.23M | $1,561 | 0.88 | 60 | 72 |
| 401 Ledroit | Laguna Beach | 1954 | 09/09/2026 | 4 | 3 | 2,019 | 6,000 | $4.85M | $5.10M | $2,526 | 1.05 | 24 | 70 |
| 156 Chiquita | Laguna Beach | 2002 | 07/02/2026 | 4 | 3 | 2,542 | 7,000 | $7.50M | $6.50M | $2,557 | 0.87 | 71 | 69 |
| 115 Emerald Bay | Laguna Beach | 2000 | 06/08/2026 | 4 | 4 | 2,850 | 7,405 | $9.99M | $9.93M | $3,482 | 0.99 | 40 | 64 |
| 738 Cliff Drive | Laguna Beach | 2016 | 08/28/2026 | 4 | 6 | 3,200 | 6,534 | $8.49M | $7.75M | $2,422 | 0.91 | 227 | 62 |
| Total: 5 · Average | 3.8 | 3.8 | 2,535.4 | 6,612.8 | $6.50M | $6.50M | $2,509.6 | — | 84.4 | ||||
| Median | 2,542 | $6.50M | $6.50M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.