NOT LISTED FOR SALE

308 Emerald Bay Laguna Beach, CA 92651

Emerald Bay Neighborhood

Estimated Value: $7,228,048 - $8,336,000

4 Beds
4.5 Baths
3,700 Sq Ft
$2,110/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $4,100,000 $1,108 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $45,081/month

345 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Open Floorplan
  • El Morro Elementary School Rated A+
  • Heated Pool
  • Cape Cod Architecture

About This Home

As of May 2014

Gorgeous Emerald Bay home customized and extensively remodeled in 2009. Large open rooms with soaring ceilings, multiple fireplaces and beautiful detail in cabinetry and overall design. Huge master bedroom and bath on the same level as all of the entertainment main rooms. Three other large bedrooms each with their own baths are placed separately for maximum privacy. Large wrap around ocean view decks with a another large covered, private ocean view deck off of the master bedroom. Large open kitchen with all the bells and whistles, big walk-in pantry, bright and sunny with lots of windows. A very private lot with lush landscaping and open grass lawn. A beautiful bricked patio entertainment level overlooks the private and sunny grounds. A three car garage tops off this property. The location is close to the back gate into Laguna, but is tucked away from the traffic of the gate. All of these amenities add up to one of the most private and beautiful homes in the Bay.

Last Agent to Sell the Property

James Ardery

Compass License #00576041 Listed on: 04/22/2013

Compass

Co-Listed By

Diane Cannon

Compass License #01090918

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2009

Lot Details

  • 6,970 Sq Ft Lot
  • Southwest Facing Home
  • Paved or Partially Paved Lot
  • Front Yard

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Theater
  • Carpet
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Heated Pool
  • Living Room Balcony
  • Deck
  • Wrap Around Porch
  • Patio
  • Outdoor Fireplace

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 05310136

Community Details

Amenities

  • Picnic Area
  • Clubhouse
  • Meeting Room

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • Security Guard
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 2009

Lot Details

0

HOA Fees

$600 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05310136
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3700.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Balcony, Cathedral Ceiling(s), Crown Molding, Living Room Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, In Living Room
  • Fireplace Features: Kitchen, Living Room, Master Bedroom, Outside
  • Levels: Two
  • Price Per Square Foot: 1108.11
  • Room Type: Media Room

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • View: Ocean
  • Patio And Porch Features: Brick, Covered, Deck, Wrap Around
  • Pool Features: Association, Community, Heated
  • Pool Private: Yes
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Controlled Access, Dues Paid Annually, Guard, Meeting Room, Pets Permitted, Picnic Area, Pool, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2020
Sold by
Arabia John V and Arabia Lauren
Bought by
Arabia John V and Arabia Lauren T
Current Estimated Value
$7,805,512

Purchase Details

Listed on
Apr 22, 2013
Closed on
May 23, 2014
Sold by
Kefalas Kenneth and Kefalas Debbie
Bought by
Kefalas Kenneth A and The Kenneth A Kefalas Qprt Ii
Seller's Agent
James Ardery
Compass
List Price
$4,995,000
Sold Price
$4,100,000
Premium/Discount to List
-$895,000
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$2,000,000
Outstanding Balance
$1,431,922
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,373,590

Purchase Details

Listed on
Apr 22, 2013
Closed on
Apr 25, 2014
Sold by
Kefalas Kenneth A
Bought by
Arabia John and Arabia Lauren
Seller's Agent
James Ardery
Compass
List Price
$4,995,000
Sold Price
$4,100,000
Premium/Discount to List
-$895,000
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,431,922
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,373,590

Purchase Details

Closed on
May 18, 2009
Sold by
Kefalas Debbie A
Bought by
Kefalas Debbie A and Debbie A Kefalas Qprt Ii

Purchase Details

Closed on
Sep 9, 2004
Sold by
Mariette Bernard
Bought by
Kefalas Kenneth and Kefalas Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,405,000
Interest Rate
3.66%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 5, 2002
Sold by
Gray Valerie J
Bought by
Mariette Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Interest Rate
6.52%

Purchase Details

Closed on
Jun 11, 2001
Sold by
Gray Valerie J
Bought by
Gray Valerie J and Valerie J Gray Living Trust

Purchase Details

Closed on
Jun 12, 2000
Sold by
Hodge Douglas M and Hodge Kylie Schuyler
Bought by
Gray Valerie J

Purchase Details

Closed on
Sep 14, 1998
Sold by
Brown Christopher E and Brown Christina Peterson
Bought by
Hodge Douglas M and Schuyler Kylie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,481,250
Interest Rate
5.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arabia John V -- None Available
Kefalas Kenneth A -- Fnt Ie
Arabia John $3,948,000 Fnt Ie
Kefalas Debbie A -- None Available
Kefalas Kenneth A -- None Available
Kefalas Kenneth $3,700,000 Chicago Title Co
Mariette Bernard $2,600,000 Orange Coast Title
Gray Valerie J -- --
Gray Valerie J $2,089,500 North American Title Co
Hodge Douglas M $1,975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arabia John $2,000,000
Previous Owner Kefalas Kenneth $2,405,000
Previous Owner Mariette Bernard $1,690,000
Previous Owner Hodge Douglas M $1,481,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $4,100,000 -8.8% $1,108 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
12/30/2013 12/30/13 Price Changed $4,495,000 -4.3% $1,215 / Sq Ft
05/28/2013 05/28/13 Price Changed $4,699,000 -5.9% $1,270 / Sq Ft
04/22/2013 04/22/13 For Sale $4,995,000 -- $1,350 / 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 $48,826 $4,900,690 $4,531,707 $368,983
2024 $48,826 $4,804,599 $4,442,850 $361,749
2023 $47,707 $4,710,392 $4,355,736 $354,656
2022 $46,812 $4,618,032 $4,270,330 $347,702
2021 $45,915 $4,527,483 $4,186,598 $340,885
2020 $45,442 $4,481,060 $4,143,670 $337,390
2019 $44,663 $4,393,197 $4,062,422 $330,775
2018 $43,796 $4,307,056 $3,982,766 $324,290
2017 $42,938 $4,222,604 $3,904,672 $317,932
2016 $42,131 $4,139,808 $3,828,109 $311,699
2015 $41,508 $4,077,625 $3,770,608 $307,017
2014 $37,404 $3,672,000 $3,380,338 $291,662
Source: Public Records

Agents Affiliated with this Home

  • James Ardery

    Seller's Agent in 2014

    James Ardery

    Compass

    (949) 298-6845

    38 Total Sales

    James Ardery
    Section Image
  • Diane Cannon

    Seller Co-Listing Agent in 2014

    Diane Cannon

    Compass

    (949) 335-7281

    32 Total Sales

    Diane Cannon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG13074381

California Regional Multiple Listing Service (CRMLS)

APN: 053-101-36

California Orange County Laguna Beach 92651 Emerald Bay

308 Emerald Bay, Laguna Beach, CA

Not Listed for Sale

Detached

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