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322 Emerald Bay
Laguna Beach, CA 92651
$12,995,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
5493
Property Description
Panoramic ocean views, private outdoor living areas and a broad selection of today’s most sought-after upgrades and amenities help this casual yet luxurious Emerald Bay home redefine Laguna Beach living. While focused on gorgeous Pacific Ocean, Catalina Island, sunset and evening-light views from its top two levels, the spacious custom residence embraces a spectacular multi-level backyard that reveals a dining terrace with fireplace, a private spa, impressive stonework and landscaping, and intimate patios. Countless sets of French doors open to the backyard and to ocean-facing view balconies located off second-floor bedrooms and main-level living areas. Approximately 5,493 square feet, the extensively remodeled design features six en suite bedrooms and six and one-half baths. One is located on the ground floor next to a living room and is ideal for guests, and the middle floor showcases an office, oversized laundry, and a primary suite with marble-finished bath, two walk-in closets, a view deck, jetted tub, fireplace and separate vanities. Friends and loved ones will look forward to gathering on the main floor of the residence, which opens to a large ocean-view deck and hosts an atrium, bonus room, a formal dining room, and a spacious living room with stone fireplace and deck access. Ocean views also embellish a designer kitchen that displays an island, white cabinetry with glass uppers, a nook, built-in desk, natural stone countertops, custom backsplash, a traditional pantry, butler’s pantry, and a full suite of stainless steel Viking appliances. Noteworthy advantages are led by a three-car garage with built-in cabinetry, newer windows and doors, wood and stone flooring, designer lighting, vaulted open-beam ceilings and whole-house audio. Noted as one of Southern California’s most scenic communities, the guard-gated community of Emerald Bay reveals a stunning private beach, swimming and tennis amenities, parks and even its own fire station.
Property Information
Lot Size
6,490 sqft square ft
Property Type
Residential
Year Built
2003
MLS Number
NP24014869
Location
Address
322 Emerald Bay
City
Laguna Beach
State
CA
Zip Code
92651
County
ORANGE (SOUTH)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(949) 644-1600
Agent Name
Tim Smith

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.