Emerald Bay In North Laguna Beach is the most expensive gated community with some of the most exclusive oceanfront and ocean view homes on the market. Currently there are 5 homes for sale over the $10,000,000 dollar mark with a new oceanfront home to come on the market for $19,995,000 located at 168 Emerald Bay, Laguna Beach, Ca with direct views of the entire Emerald Bay and Pacific coastline beyond. These record listing prices are no indication of a depressed real estate market with six closed sales in the last 3 months ranging in pricing from $2,300,000 to $6,725,000. One of the main reasons involved with these numbers is the desirability factor. Home buyers want to live in Emerald Bay due to it's ideal location, tight security and some of the best views that can be found in Laguna Beach. If you are in the market to buy a home in a wonderful community we encourage you to view the current 23 homes for sale starting at $2,100,000.