After only 52 days on the market, The Smith Group, led by Tim Smith, a Coldwell Banker Global Luxury Property Specialist affiliated with the Newport Beach office of Coldwell Banker Realty, has broken the highest price-per-square-foot record for new construction in Orange County with the sale of a new Emerald Bay estate by highly renowned C.J. Light Associates for $43,500,000, an $8,733 per square foot price. The sale also achieved the highest sales price ever recorded in Emerald Bay. Located at 66 Emerald Bay in Laguna Beach, Calif., the nearly 5,000-square-foot residence has five bedrooms and ten bathrooms.
Boasting unparalleled views of breaking waves, Catalina Island, towering bluffs and enchanting sunsets, the estate encompasses a bright living room, gym, media lounge, temperature-controlled wine wall and beach-ready wellness center with an outdoor shower, in-ground spa, direct access powder bathroom and Nordic sauna. In the kitchen, Gaggenau appliances and a titanium granite island with wrap-around live-edge table showcase an attentively designed cook space, while the talents of Dan Luna are reflected in the custom walnut cabinetry seen throughout the home. There are bespoke finishes and fixtures throughout the estate such as fabric and Venetian plaster wall treatments, integrated stone sinks, Afromosia wood ceilings, limestone floors, walnut wood paneling and custom Gennaro lighting.
Upstairs, the primary suite features a private ocean-facing patio, fire pit, steam shower and walk-in closet with coffee station. Other highlights include a next-level four-car garage with two electric vehicle charging stations, a four-stop boutique elevator, three laundry stations and heated floors in select areas. Operated by Savant home controls, the smart property integrations include James Loudspeaker audio, state-of-the-art Sony televisions and projector, bi-fold garage doors, automatic recessing shades and pocketing glass doors, HVAC as well as a security system with surveillance and entry door station. Lutron custom engraved keypads and an ECO lighting system are also complemented by Ketra lighting that shifts in color temperature and intensity throughout the day to mimic the sun and aid the body’s natural circadian rhythm.
Residents of Emerald Bay also enjoy exclusive access to the private white-sand beach, a junior Olympic size pool, six tennis courts, parks, playgrounds and community events for a resort lifestyle beyond reproach.
Coldwell Banker Realty in Southern California, the No. 1 residential real estate brokerage in Southern California, operates 61 offices with approximately 4,800 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com. CalDRE #01908304.
