NOT LISTED FOR SALE

Estimated Value: $7,797,000 - $11,594,580

3 Beds
2.5 Baths
3,607 Sq Ft
$2,644/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $6,775,000 $1,878 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $56,892/month

Highlights

  • Ocean View
  • Beach Access
  • Spa
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Deck

About This Home

As of December 2023

Enjoy this pristine property in the highly desirable Emerald Bay community! Walking into this home one is taken by the huge views of the Pacific Ocean and southern coastline. This 3 bedroom, 2.5 bathroom home boasts ocean views from most rooms and an expansive deck looking out to the coast from both levels. Through the gated front yard enter through solid double doors into main level living where views wrap the distance of the house from master bedroom to kitchen. A large living room with a fireplace opens to a separate dining room where views continue. A chef's kitchen with built-in appliances and a butcher block island opens to a kitchen nook, built in desk area and powder bath. The master bedroom also boasts sweeping views. The main level is complete with a private office. The basement level also with ocean views has two secondary bedrooms and bathroom. A spacious two car garage with an additional area to park a golf cart makes this gem one not to miss! Enjoy beach access and all of the exclusive amenities Emerald Bay has to offer. Check private remarks for availability and pricing. Property available weekly as well.

Last Agent to Rent the Property

Maura Short

Compass License #01883774 Listed on: 03/01/2023

Compass

Co-Listed By

Michelle Cormier

Compass License #02028389

Last Renter's Agent

Maura Short

Compass License #01883774 Listed on: 03/01/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $73,052

Year Built

  • Built in 1974

Lot Details

  • 0.27 Acre Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Tile Roof

Interior Spaces

  • 3,607 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Kitchen Island
  • Trash Compactor

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Beach Access
  • Deck
  • Patio

Utilities

  • Central Heating

Listing and Financial Details

  • Security Deposit $30,000
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 4/5/23
  • Tax Lot 47
  • Tax Tract Number 3125
  • Assessor Parcel Number 05332060

Community Details

Overview

  • Property has a Home Owners Association
  • $500 HOA Transfer Fee
  • Emerald Bay Community Association
  • Emerald Bay Subdivision

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Park

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$73,052

Year Built

Built in 1974

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2023-04-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Other: 2000
  • Deposit Security: 30000
  • Furnished: Furnished
  • Pets Allowed: Call, Yes
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Security: Gated with Guard
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05332060
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3607.00 Square Feet
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.16
  • Room Type: Main Floor Primary Bedroom, Office
  • Spa Features: Private, Association
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Ocean
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Cooktop, Microwave, Refrigerator, Trash Compactor
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Emerald Bay Community Association
  • Senior Community: No
  • Community Features: Park

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11932.00
  • Lot Size Acres: 0.2739

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months, 6 Months, Negotiable, Short Term Lease
  • Lot Size Area: 11932.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 47
  • Tax Tract Number: 3125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Oct 1, 2020
Sold by
Macrae Mark L and Macrae C J
Bought by
Ricci Raymond L and Ricci Lisa P
Seller's Agent
Roderic Daley
Coldwell Banker Realty
Buyer's Agent
Sommer Killian
Pacific Sotheby’s International Realty
List Price
$7,200,000
Sold Price
$6,775,000
Premium/Discount to List
-$425,000
-5.9%
Current Estimated Value
$9,535,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,760,645
Avg. Annual Appreciation
6.63%
Original Mortgage
$4,065,000
Interest Rate
2.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ricci Raymond L $6,775,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ricci Raymond L $4,065,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2023 12/06/23 Rented $15,000 0.0% --
09/19/2023 09/19/23 Price Changed $15,000 -40.0% $4 / Sq Ft
03/01/2023 03/01/23 For Rent $25,000 0.0% --
11/17/2020 11/17/20 Sold $6,775,000 -5.9% $1,878 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $7,200,000 -- $1,996 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $73,052 $7,168,420 $6,687,824 $480,596
2024 $73,052 $7,189,684 $6,556,691 $632,993
2023 $71,378 $7,048,710 $6,428,128 $620,582
2022 $70,040 $6,910,500 $6,302,086 $608,414
2021 $68,698 $6,775,000 $6,178,515 $596,485
2020 $4,268 $425,926 $118,786 $307,140
2019 $4,193 $417,575 $116,457 $301,118
2018 $4,111 $409,388 $114,174 $295,214
2017 $4,028 $401,361 $111,935 $289,426
2016 $3,952 $393,492 $109,741 $283,751
2015 $3,892 $387,582 $108,093 $279,489
2014 $3,816 $379,990 $105,975 $274,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23032829

California Regional Multiple Listing Service (CRMLS)

APN: 053-320-60