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A Tale of Two Markets in Emerald Bay

Maura looks at every Emerald Bay sale this year, from quiet trophy deals to homes that took a haircut.

October 17, 2026

Good morning,


Emerald Bay is a tale of two markets right now.


I went through every recent sale in Emerald Bay, and here’s what I see.


The trophy homes don’t wait. Eleven homes have closed this year, for more than $214 million combined. Three of them, including the $110 million county record, sold quietly off market and never had a public price at all. When a property is truly one of a kind, the buyer is often already waiting.


Homes priced right sold close to asking. Three Emerald Bay homes closed within about 4% of their asking price, and one sold for exactly what the seller asked. The homes check the boxes for the specific buyer. Those sellers priced to the market from the first day, and the market rewarded them.


But there are other homes that didn’t check the boxes…. Homes that need a remodel or too much work took a haircut. Across all eight homes that were listed publicly, buyers paid about $89 million against $110 million in combined asking prices. That’s roughly 19% less.


All of Laguna is showing the same split. Asking prices citywide are up 34% from a year ago, while the typical sale price has barely moved. Inventory is down almost 29%, so buyers have fewer choices, but they still won’t overpay.


The lesson is simple. The record sale is a headline, not a pricing guide. The sales that matter for your home are the ones that actually look like yours, and I can tell you exactly why some homes linger while others sell in a week.


As always, I’m here if you want to talk through any of it.

 

Information + Updates

Did You Know?

Land makes up about 60% of a home’s value in Hawaii and California, compared with less than 20% in West Virginia and Mississippi. (Visual Capitalist)


Did You Know?Purchasers of the roughly 150 AMAN condo units at the massive $10 billion ONE Beverly Hills development are also providing debt to help Cain, an investment firm based in London, fund its project. The 17.5-acre site, set to be completed in 2029, will include high-end retail such as Dolce & Gabbana, upscale dining, 78 new AMAN hotel suites and acres of botanical gardens. The condo owners’ debt takes the form of a bond—named Founder Bonds—and buyers will receive a return of 5%. (WSJ)


Did You Know?

The right loan structure can do more for your cash flow than a small rate change. Here are the levers we can pull:

  • Interest-only: Pay only interest for an initial period, giving you the lowest required payment and more monthly flexibility.
  • Longer amortization: Spreading repayment over 40 years instead of 30 lowers the payment.
  • Adjustable rate (ARM): Often starts with a lower initial payment than a comparable fixed loan. A strong fit if you plan to sell or refinance within the fixed period.
  • Fixed rate: A payment that never changes, if predictability matters most.
  • Every option has trade-offs, such as higher total interest or a payment that adjusts later. The goal is to match the structure to your plans, not just chase a number.


Did You Know?

Smart refrigerators can be hacked. Because they connect to Wi-Fi and the internet as part of the Internet of Things (IoT), they share the same cyber risks as other smart home devices. French commercial fridges were hacked recently, causing massive food waste and fires, a new form of 'warfare'.... (CNBC)

Line chart compares monthly home price reductions from 2022 to 2026, with 2026 near 43% in October.

Campaign Cameo

Crowd surrounds a vintage convertible beneath American flags outside the White House Cafe.

Franklin D. Roosevelt Making an unscheduled stop in Laguna Beach during his western campaign tour, July 16, 1938

 

Ocean Insights

Map graphic highlighting California and Mexico, labeled “Day 112.”

Kelvin Wave… What is it?

 
 

What Is El Niño & Why Is It So Powerful 

Map graphic showing arrows rising from the Pacific Ocean into the atmosphere.

This is a VERY good explanation of our current and upcoming weather pattern.

 
 

Remarkable Run

Scrub-covered foothills beneath a rocky mountain, with a person walking along a track.

Such an inspiration… Watch the entire video.

 
 

Price Improvement

 $5.295M

Two-story stucco home with red tile roofs, an upper balcony, and landscaped front garden.

2 Emerald Bay

3 Bed | 3 Bath | 2,619 SqFt

$5,295,000



Now let’s talk about architectural integrity!


This romantic 1930s California Spanish–style residence, designed by renowned architect Henry Palmer Sabin, is truly a work of art. Lovingly maintained and thoughtfully enhanced, it captures the timeless character and craftsmanship of the era while introducing tasteful modern updates.


Located on the highly coveted Oceanside of Emerald Bay, this three-bedroom, three-bath home offers the perfect blend of historic charm and contemporary livability. New double paned windows flood the interiors with natural light, accentuating the rich architectural details throughout.

 
 

Off Market Listings

If you are a buyer looking for oceanside properties, call me for details.

Lease Coming Soon

Coastal home glowing at dusk, with the ocean and hillside homes in the background.

1221 Emerald Bay, Laguna Beach

Coming soon at $22K/month


12 Month Lease

Yellow stucco home with a red tile roof, landscaped entry, and water visible beyond the neighborhood.

839 Emerald Bay, Laguna Beach

4 beds | 5 baths | 4,851 sqft

12 Month Lease

Open wooden door in a stone entryway reveals tiled floors and an ocean view at sunset.

517 Emerald Bay, Laguna Beach

4 beds | 5 baths | 4,327 sqft

Short Term Lease

Ocean view over a coastal neighborhood, seen from behind a glass balcony railing.

343 Emerald Bay, Laguna Beach

5 beds | 4 baths | 4,160 sqft

 Winter Rental

Modern white home with a glass balcony, sculpted hedges, and palm trees in the front yard.

1004 Emerald Bay, Laguna Beach

5 beds | 5 baths | 2,905 sqft

Short Term Lease

Modern glass-fronted home entrance framed by a walkway and large agave plants.

809 Emerald Bay, Laguna Beach

4 beds | 5.25 baths | 4,200 sqft

Short Term Lease

Living room with a stone fireplace, wall-mounted television, and exposed ceiling beams.

27 Emerald Bay, Laguna Beach

4 beds | 6 baths | 4,064 sqft

Short Term Lease

Ocean view framed by an open window, with palm trees and rooftops below.

45 Emerald Bay, Laguna Beach

4 beds | 3 baths | 2,221 sqft

Emerald Bay Market Update

We currently have 6 homes active on the market, ranging from $5,295,000 to $36,500,000, offering a wide spectrum of opportunities within the community, not to mention my off market opportunities.

 

Current Emerald Bay Listings

Current Emerald Bay Rentals

Contact me for Emerald Bay Pocket Listings

 
 

Maura Short’s real estate contact information beside her portrait.

 

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Work With Maura

Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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