Homes for sale in Emerald Bay in Laguna Beach | Market Update

By
Real Estate Agent with Sharon Paxson, Realtor® EQTY Forbes Global Properties 01501912

Emerald Bay Homes for Sale Laguna Beach | Search Laguna Beach Homes for Sale

Emerald Bay is a private gated community which is located in Laguna Beach.  It is an exclusive community and many of these Emerald Bay homes have beautiful ocean views and spectacular color water. Emerald Bay is located on both sides of Coast Highway, there are beach front homes as well as homes which sit up on the hill with sweeping views of the Pacific Ocean.  There is a tunnel which goes under Coast Highway. Emerald Bay in Laguna Beach has private tennis courts, beautiful parks and a private swimming pool for the residents. Emerald Bay was originally founded in 1929 and it was named for the color of the water. And the photo below was recently taken and the color of the water is incredible in Emerald Bay.

This guard gated area of Laguna Beach has 521 home sites, and 14 of those homes are beach front. Emerald Bay is one of the most desirable areas in Laguna Beach.

Emerald Bay currently has 21 active listings, 2 in back up status, 0 in pending, and there were zero sales for the month of July, 2013. The highest priced home sold in the past one year in Emerald Bay was on 5/8/2013 at 10 Emerald Bay for $8,100,000. The average home price in the past one year was $3,654,104 and a price per square foot of $1,227.22. The median price was $3,087,500 and a price per square foot of $1170.45.

The absorption rate is as follows in Emerald Bay in Laguna Beach. It is favoring a stable to buyers market with the number of active listings.

Search the MLS for Laguna Beach Real Estate and homes for sale in Emerald Bay.

Originally posted at NewportBeachRealEstateCafe.com

 

Posted by

Sharon Paxson REALTOR®
Compass /
949.280.0681

DRE 01501912

 

 

 

 

 

 

 

 

 

 

Comments (2)

William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional
Hi Sharon, it looks like the Homes on Emerald Bay will compete for Buyers with Newport Beach. At least from the perspective of price paid per square foot and still being on the water.
Sep 29, 2013 12:54 PM
Sharon Paxson
Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

Hi William, yes, and the price per square foot is on the high side.

Sep 29, 2013 01:31 PM