About this home

**Legacy by the Sea: A Rare Two-Residence Compound in Emerald Bay**A truly extraordinary opportunity within the prestigious guard-gated community of Emerald Bay in Laguna Beach. Situated on the highly coveted ocean side of Pacific Coast Highway, this exceptional legacy compound encompasses two separate residences on two legal parcels, creating one of the most unique offerings ever available within this world-renowned coastal enclave. Together, 157 and 159 Emerald Bay offer approximately 8,856 square feet of living space on a combined 15,706 square feet of grounds, thoughtfully designed for multi-generational living, grand-scale entertaining, and effortless coastal luxury. Sweeping ocean views, expansive indoor-outdoor living spaces, and an unmatched collection of amenities define this one-of-a-kind estate in absolute pristine condition. The main residence features elegant formal and casual living spaces, a chef's kitchen, elevator access, theater and bonus rooms, fitness area, conditioned wine room, extensive storage, and a five-car garage. The secondary residence offers contemporary coastal design, a dramatic great room with disappearing walls of glass, designer kitchen, private office, guest suite, a custom bunk room plus a two-car garage. Resort-inspired grounds include a saltwater pool and spa, infrared sauna, outdoor shower, two outdoor fireplaces plus a seated fire pit, outdoor television, expansive lawn, built-in barbecue, and multiple dining, lounging and entertaining areas. Residents enjoy Emerald Bay's private beach, tennis and pickleball courts, volleyball, swim center, parks, and 24-hour guard-gated and patrolled security. Rarely does a property of this scale, flexibility, and pedigree become available. An unparalleled opportunity to own one of Emerald Bay's most extraordinary family compounds.

Facts and features

Schools

• El Morro Elementary School

  elementary · K-5 · 1.0 mi

  7

• Laguna Beach High School

  high · 9-12 · 2.3 mi

  10

• Thurston Middle School

  middle · 6-8 · 2.7 mi

  8

• Anneliese School

  elementary · K-3 · 2.2 mi

• Anneliese Schools

  elementary · K-3 · 2.2 mi

• Laguna Beach Adult

  elementary · 2.3 mi

Price history

• Jun 15, 2026 · Listed$34,500,000
• Mar 31, 2011 · Listing Removed$9,100,000
• Jul 9, 2009 · Listing Removed$9,100,000
• May 5, 2009 · Listed$9,100,000
• Apr 25, 2009 · Listing Removed$12,500,000
• Apr 24, 2009 · Relisted$12,500,000
• Feb 24, 2009 · Listing Removed$12,500,000
• Oct 24, 2008 · Listed$12,500,000

Tax history

• 2025$117,352 tax · $11,788,064 assessed
• 2024$115,040 tax · $11,556,926 assessed
• 2023$112,402 tax · $11,108,157 assessed
• 2022$110,293 tax · $10,890,350 assessed
• 2021$108,141 tax · $10,673,081 assessed
• 2020$107,025 tax · $10,563,642 assessed
• 2019$105,188 tax · $10,356,512 assessed
• 2018$103,144 tax · $10,153,444 assessed

Home value

$32,366,500

• Cotality$32,366,500

Where it is