NOT LISTED FOR SALE

507 Emerald Bay Laguna Beach, CA 92651

Emerald Bay Neighborhood

Estimated Value: $4,564,501 - $8,004,000

4 Beds
4.5 Baths
3,350 Sq Ft
$1,955/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Gated with Attendant
  • Two Primary Bedrooms
  • El Morro Elementary School Rated A+
  • Spa
  • Custom Home

About This Home

As of June 2023

EMERALD BAY | LONG TERM LEASE | 4 Bedrooms, 4.5 baths located in a cul de sac at the end of a flat street. Street entry-level home with a main floor master bedroom. Incredible panoramic and ocean views of Emerald Bay including sunset views. Outdoor terrace with a covered deck area for indoor/outdoor living and dining. Three additional bedrooms and bathrooms on the lower level with an inside laundry room. A secondary laundry facility is located inside the two-car garage. Updated hardwood floors with new carpet throughout. Emerald Bay offers approximately 14 acres of parks, a private half-mile sand beach, six tennis courts, 3 beach volleyball courts, a newly renovated community park with a playground and sport court plus year-round community-sponsored programs for all ages.

Last Agent to Rent the Property

Harold Noriega

Compass License #01494239 Listed on: 05/16/2023

Compass

Last Renter's Agent

Harold Noriega

Compass License #01494239 Listed on: 05/16/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,045

Year Built

  • Built in 1994

Lot Details

  • 6,400 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • West Facing Home
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Parking Permit Required

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Catalina
  • Panoramic
  • Canyon
  • Hills
  • Neighborhood

Home Design

  • Custom Home
  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Fire Retardant Roof
  • Stucco

Interior Spaces

  • 3,350 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Entryway
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room
  • Bonus Room
  • Storage

Kitchen

  • Open to Family Room
  • Double Convection Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Converted Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Living Room Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • El Morro Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $17,500
  • 12-Month Minimum Lease Term
  • Available 6/1/23
  • Tax Lot 8
  • Tax Tract Number 1108
  • Assessor Parcel Number 05308333

Community Details

Overview

  • Property has a Home Owners Association
  • $500 HOA Transfer Fee
  • Emerald Bay Community Association, Phone Number (949) 494-8571
  • Emerald Bay Subdivision

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Community Pool
  • Community Spa

Additional Features

  • Community Barbecue Grill
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,045

Year Built

Built in 1994

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-06-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Other: 2000
  • Deposit Pets: 1000
  • Deposit Security: 17500
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Custom Built, Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05308333
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3350.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Storage, Wired for Data
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.48
  • Room Type: Bonus Room, Converted Bedroom, Entry, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Two Masters, Walk-In Closet
  • Spa Features: Community
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • View: Bay, Canyon, Catalina, Coastline, Hills, Neighborhood, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Covered, Deck
  • Pool Features: Community
  • Pool Private: No
  • Roof: Fire Retardant
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Single Door, Permit Required, Private
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Double Oven, Disposal, Microwave, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Barbecue, Tennis Court(s), Sport Court, Guard
  • Association Name: EMERALD BAY COMMUNITY ASSOCIATION
  • Phone: 949-494-8571
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Schools

  • Elementary School: El Morro
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: ELMOR
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, Level with Street
  • Lot Size Sq Ft: 6400.00
  • Lot Size Acres: 0.1469

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 6400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 8
  • Tax Tract Number: 1108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2022
Sold by
Forbes Peter
Bought by
Forbes Family Trust
Current Estimated Value
$6,548,375

Purchase Details

Closed on
Apr 21, 2022
Sold by
Gordon Angus Forbes and Gordon Sara Sykes
Bought by
Heeschen Sara Forbes and Forbes Peter

Purchase Details

Closed on
Sep 16, 2011
Sold by
Forbes Sara S
Bought by
Forbes Sara S and Gordon Angus & Sara Sykes Forbes Revocab
Source: Public Records

Range of Values:

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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
Forbes Family Trust -- --
Heeschen Sara Forbes -- --
Forbes Sara S -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Rented $15,000 -14.3% --
06/23/2023 06/23/23 Under Contract -- -- --
05/16/2023 05/16/23 For Rent $17,500 +29.6% --
07/06/2020 07/06/20 Rented $13,500 0.0% --
05/30/2020 05/30/20 For Rent $13,500 +8.0% --
08/07/2019 08/07/19 Rented $12,500 -7.4% --
07/28/2019 07/28/19 Under Contract -- -- --
06/03/2019 06/03/19 For Rent $13,500 -- --
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 $4,045 $403,991 $119,758 $284,233
2024 $4,045 $396,070 $117,410 $278,660
2023 $3,953 $388,304 $115,107 $273,197
2022 $3,879 $380,691 $112,850 $267,841
2021 $3,734 $373,227 $110,637 $262,590
2020 $3,695 $369,401 $109,503 $259,898
2019 $3,630 $362,158 $107,356 $254,802
2018 $3,558 $355,057 $105,251 $249,806
2017 $3,487 $348,096 $103,188 $244,908
2016 $3,420 $341,271 $101,165 $240,106
2015 $3,368 $336,145 $99,645 $236,500
2014 $3,303 $329,561 $97,693 $231,868
Source: Public Records

Agents Affiliated with this Home

  • Harold Noriega

    Landlord's Agent in 2023

    Harold Noriega

    Compass

    (949) 400-9905

    17 in this area

    51 Total Sales

    Harold Noriega
    Section Image
  • Maura Short

    Seller's Agent in 2020

    Maura Short

    Compass

    (949) 478-7703

    11 in this area

    23 Total Sales

    Maura Short
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Steve Maher

    Compass

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23082880

California Regional Multiple Listing Service (CRMLS)

APN: 053-083-33

California Orange County Laguna Beach 92651 Emerald Bay

507 Emerald Bay, Laguna Beach, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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