Crescent Bay is a beautiful spot located between Shaw's cove and Emerald Bay in the plush North Laguna neighborhood. Ocean Front homes located in this area have commanding ocean and coastline views and rarely come on the market for sale. There are a total of 3 ocean front streets in this area and known as Circle Way, Crescent Bay Drive and Mcknight Drive. The latter is where one current ocean front home is currently on the market for sale at $12,450,000 and listed by the McMonigle Group corporation.
The three bedroom, four bath home features a total of 3,212 square feet and located on 0.18 acre ocean front lot. The tip of the home is located at Crown Point which features just a few select ocean properties that typically look north towards the Emerald Bay community. 102 McKnight is located at the very tip of the Point and looks due west with panoramic ocean views. The home was originally built in 1968 and has not been on the market for almost 50 years and is rich in Hollywood history with previous famous celebrity owners.
Real Estate prices for ocean front properties has gone up in the several years due to the limited number of these types of homes. It was only several years ago when it wasn't uncommon that you could buy an ocean front home for around $5 million dollars. Now prices have come up with ocean front homes typically starting at the $6 million dollar range and up. Ocean front homes are located in three areas in Laguna Beach that include South Laguna, Laguna Village and North Laguna. It's important to keep in mind that the North Laguna area is very desirable and will feature real estate prices for homes here that are much higher than other parts of Laguna Beach. It's also about the kind of lifestyle you want to live and each area offers a unique style of living. To learn more about buying a home in Laguna Beach please contact any of our local Laguna Beach Real Estate agents at 949-355-1622.