RENTED AUG 1, 2025

Estimated Value: $8,219,000 - $9,012,000

5 Beds
4.5 Baths
4,398 Sq Ft
$1,958/Sq Ft Est. Value

Highlights

  • Ocean View
  • Property has ocean access
  • Spa
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Updated Kitchen

About This Home

As of August 2025

Stunning Ocean View Home in Emerald Bay – Furnished 5-Bedroom Residence

Experience the best of coastal living in this beautifully furnished five-bedroom, four-and-a-half-bath home located in the prestigious guard-gated community of Emerald Bay. Designed for comfort and elegance, this residence offers main-level living, expansive ocean views, and close proximity to all of Emerald Bay’s sought-after amenities.

The chef’s kitchen is fully equipped with high-end appliances, including two SubZero refrigerators and freezers, two kitchen islands, dual dishwashers, and a large Wolf cooktop. A breakfast nook and counter seating provide a casual dining experience, making the kitchen both functional and inviting.

The main level of the home features a formal dining area, a den or TV room adjacent to the kitchen, a spacious and light-filled family room with ocean views, a separate living room that opens to the backyard, and a dedicated two-person office ideal for working from home. The primary suite is a true retreat, offering sweeping ocean views from its private balcony. The en-suite bathroom includes a soaking tub, stone shower, double vanity, and a generous walk-in closet.

Also on the main level are three additional bedrooms, one with its own en-suite bath, as well as a powder room for guests. Downstairs, a private guest suite with a full bathroom and patio provides additional space and privacy, along with a laundry area and access to the garage.

The backyard is perfect for entertaining and outdoor dining, featuring a built-in BBQ with a spacious prep area, a tranquil stone fountain, a cozy gas fire pit, and a small grassy lawn.

Living in Emerald Bay means access to a private, nearly half-mile white sandy beach, six championship tennis courts, volleyball and pickleball courts, a swim center, tree-lined parks, and year-round community events and programs. This home is ideally situated just minutes from Corona del Mar and the heart of Laguna Beach Village, offering both luxury and an exceptional coastal lifestyle.

Last Agent to Rent the Property

Maura Short

Compass Brokerage Phone: 949-233-7949 License #01883774 Listed on: 01/30/2025

Compass

Co-Listed By

Michelle Cormier

Compass Brokerage Phone: 949-233-7949 License #02028389

Last Renter's Agent

Maura Short

Compass Brokerage Phone: 949-233-7949 License #01883774 Listed on: 01/30/2025

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968

Lot Details

  • 8,400 Sq Ft Lot
  • Sprinkler System
  • Lawn
  • Back Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 4,398 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Ocean Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wolf Appliances
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Soaking Tub

Outdoor Features

  • Spa
  • Property has ocean access
  • Beach Access
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $25,000
  • Rent includes gardener, water
  • 12-Month Minimum Lease Term
  • Available 8/1/25
  • Tax Lot 38
  • Tax Tract Number 1092
  • Assessor Parcel Number 05303117

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Water Sports
  • Bike Trail

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Year Built

Built in 1968

Lot Details

8,400 Sq Ft Lot

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-08-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Other: 2000
  • Deposit Pets: 1000
  • Deposit Security: 25000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Security: Gated with Attendant, Gated Community
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05303117
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4398.00 Square Feet
  • Interior Amenities: Furnished, High Ceilings, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 8.75
  • Room Type: Kitchen, Laundry, Library, Living Room, Primary Bathroom, Primary Bedroom, Separate Family Room, Walk-In Closet
  • Spa Features: Association, Community
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Stone Counters

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Ocean
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Freezer, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Guard
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Watersports, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1928

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months, Negotiable, Seasonal, Short Term Lease, Vacation Rental
  • Lot Size Area: 8400.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener, Water
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 38
  • Tax Tract Number: 1092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2009
Sold by
Knapp Gregory James and Knapp Vida Patricia
Bought by
Merage Jeff and Jeffrey V Merage Trust
Current Estimated Value
$8,609,508

Purchase Details

Closed on
Oct 26, 2007
Sold by
Knapp Gregory J and Knapp Vida P
Bought by
Knapp Gregory James and Knapp Vida Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Merage Jeff $4,000,000 None Available
Knapp Gregory James -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2025 08/01/25 Rented $38,500 +75.0% --
01/30/2025 01/30/25 For Rent $22,000 0.0% --
06/15/2022 06/15/22 Rented $22,000 -45.0% --
04/29/2022 04/29/22 Price Changed $40,000 +81.8% $9 / Sq Ft
04/26/2022 04/26/22 Price Changed $22,000 -56.0% $5 / Sq Ft
04/23/2022 04/23/22 Price Changed $50,000 +127.3% $11 / Sq Ft
03/16/2022 03/16/22 Price Changed $22,000 +22.2% $5 / Sq Ft
02/23/2021 02/23/21 Price Changed $18,000 -9.8% $4 / Sq Ft
12/28/2020 12/28/20 Price Changed $19,950 -23.3% $5 / Sq Ft
11/08/2020 11/08/20 For Rent $26,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $56,939 $5,715,388 $4,526,787 $1,188,601
2024 $56,939 $5,603,322 $4,438,026 $1,165,296
2023 $55,634 $5,493,453 $4,351,005 $1,142,448
2022 $54,591 $5,385,739 $4,265,691 $1,120,048
2021 $53,545 $5,280,137 $4,182,050 $1,098,087
2020 $52,993 $5,225,996 $4,139,168 $1,086,828
2019 $52,084 $5,123,526 $4,058,008 $1,065,518
2018 $51,073 $5,023,065 $3,978,439 $1,044,626
2017 $50,072 $4,924,574 $3,900,430 $1,024,144
2016 $49,131 $4,828,014 $3,823,951 $1,004,063
2015 $48,405 $4,755,493 $3,766,511 $988,982
2014 $47,486 $4,662,340 $3,692,730 $969,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG25019755

California Regional Multiple Listing Service (CRMLS)

APN: 053-031-17

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