NOT LISTED FOR SALE

Estimated Value: $8,192,000 - $13,787,182

4 Beds
5.5 Baths
6,492 Sq Ft
$1,567/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $11,750,000 $1,810 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $57,666/month

182 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Primary Bedroom Suite
  • El Morro Elementary School Rated A+
  • 24-Hour Security
  • Ocean Side of Highway 1

About This Home

As of August 2021

Introducing 81 Emerald Bay. This rare and completely turnkey oceanside residence is all about luxury, location and amenities. The soothing sound of ocean waves resonates throughout this refined elegant environment which was meticulously redesigned in 2015. Refreshingly unexpected, the architecture creates light filled spaces that are at one with the oceanside living. The surrounding decks invite the beautiful coastal environment to flow inside the residence. The kitchen is a minimalist masterpiece, featuring Thermador and Wolf appliances with a large walk-in pantry as well as a highly desired prep kitchen. The pièce de résistance is a sumptuous master suite overlooking the Emerald Bay coastline. The exquisite master bathroom is punctuated by a freestanding tub, spacious dual vanity and two walk-in closets. The house also offers 3 additional bedrooms, 2 private offices, a spacious gym, large room to house wine and an outdoor shower. In addition to the luxurious amenities of 81 Emerald Bay, you also enjoy all the immense amenities Emerald Bay has to offer including the use of the highly sought after exclusive beach, six tennis courts, professional beach volleyball courts, a swim center, half basketball court, activities, community parks, and 24-hour guard gate and security.

Last Agent to Sell the Property

Maura Short

Compass License #01883774 Listed on: 01/15/2021

Compass

Last Buyer's Agent

Maura Short

Compass License #01883774 Listed on: 01/15/2021

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1994

Lot Details

  • 6,549 Sq Ft Lot
  • End Unit

HOA Fees

  • $683 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Panoramic

Home Design

  • Turnkey

Interior Spaces

  • 6,492 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Central Vacuum
  • Wired For Sound
  • Built-In Features
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Home Office
  • Storage
  • Utility Room
  • Home Gym
  • Wood Flooring
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Six Burner Stove
  • Built-In Range
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Parking

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 975
  • Assessor Parcel Number 05305066

Community Details

Overview

  • Emerald Bay Community Association, Phone Number (949) 494-8571
  • Emerald Bay Subdivision
  • Mountainous Community

Amenities

  • Community Fire Pit
  • Picnic Area
  • Meeting Room

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 1994

Lot Details

0

HOA Fees

$683 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Guard
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05305066
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6492.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Elevator, Granite Counters, Living Room Deck Attached, Open Floorplan, Pantry, Storage, Vacuum Central, Wired for Sound
  • Stories: 4
  • Common Walls: End Unit, No Common Walls
  • Flooring: Wood
  • Accessibility Features: Accessible Elevator Installed, Parking
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room, In Living Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1809.92
  • Room Type: Basement, Exercise Room, Family Room, Great Room, Kitchen, Laundry, Living Room, Master Suite, Office, Separate Family Room, Utility Room, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Master Bath, Separate Tub And Shower, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • View: Ocean, Panoramic
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Freezer, Disposal, Gas Cooktop, Refrigerator
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Picnic Area, Playground, Tennis Court(s), Meeting Room, Guard, Security, Controlled Access
  • Association Fee: 8200.00
  • Association Fee Frequency: Annually
  • Association Name: Emerald Bay Community Association
  • Phone: 949-494-8571
  • Senior Community: No
  • Community Features: Mountainous
  • Association Management: Emerald Bay Community Association

Schools

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

Lot Info

  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6549.00
  • Lot Size Acres: 0.1503

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6549.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 975

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Jul 28, 2021
Sold by
Wirta Raymond E and Wirta Sandra M
Bought by
Brandt Wayne M and Brandt Lisa
Seller's Agent
Maura Short
Compass
Buyer's Agent
Maura Short
Compass
List Price
$12,250,000
Sold Price
$11,750,000
Premium/Discount to List
-$500,000
-4.08%
Current Estimated Value
$10,173,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,576,939
Avg. Annual Appreciation
-3.21%

Purchase Details

Listed on
Oct 17, 2012
Closed on
Mar 20, 2013
Sold by
Brakovich Gregory P and Brakovich Susan A
Bought by
Wirta Raymond E and Wirta Sandra M
Seller's Agent
Victor Vasu
Pacific Sotheby's International Realty
Buyer's Agent
William Dolby
Pacific Sotheby’s International Realty
List Price
$7,750,000
Sold Price
$6,750,000
Premium/Discount to List
-$1,000,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$3,500,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Brakovich Gregory P and Brakovich Susan A
Bought by
Brakovich Gregory P and Brakovich Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 1994
Sold by
Kessler Jerrold J and Kessler Linda Anne
Bought by
Brakovich Gregory P and Brakovich Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.87%
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
Brandt Wayne M $11,750,000 Chicago Title
Wirta Raymond E $6,684,500 Chicago Title Company
Brakovich Gregory P -- Lawyers Title
Brakovich Gregory P $2,100,000 South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wirta Raymond E $3,500,000
Previous Owner Brakovich Gregory P $4,400,000
Previous Owner Brakovich Gregory P $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2021 08/23/21 Sold $11,750,000 0.0% $1,810 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/05/2021 07/05/21 Price Changed $11,750,000 -4.1% $1,810 / Sq Ft
01/22/2021 01/22/21 For Sale $12,250,000 +81.5% $1,887 / Sq Ft
04/05/2013 04/05/13 Sold $6,750,000 -12.9% $1,125 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $7,750,000 -- $1,292 / 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 $51,767 $5,203,219 $1,577,197 $3,626,022
2024 $51,767 $5,101,196 $1,546,272 $3,554,924
2023 $50,580 $5,001,173 $1,515,953 $3,485,220
2022 $49,630 $4,903,111 $1,486,228 $3,416,883
2021 $77,103 $7,604,120 $6,123,160 $1,480,960
2020 $76,308 $7,526,150 $6,060,375 $1,465,775
2019 $74,999 $7,378,579 $5,941,544 $1,437,035
2018 $73,543 $7,233,901 $5,825,043 $1,408,858
2017 $72,102 $7,092,060 $5,710,826 $1,381,234
2016 $70,747 $6,953,000 $5,598,849 $1,354,151
2015 $69,701 $6,848,560 $5,514,749 $1,333,811
2014 $68,379 $6,714,407 $5,406,723 $1,307,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20261752

California Regional Multiple Listing Service (CRMLS)

APN: 053-050-66