Neighborhood Overview
Emerald Terrace sits immediately above the prestigious Emerald Bay gated community, offering residents panoramic Pacific views from a hillside setting without the HOA fees or gate structure of its neighbor below. Streets are narrow and winding, typical of Laguna Beach's organic hillside development, and homes range from modest mid-century bungalows to updated contemporary view residences.
Prices start around $1.8 million and reach $5 million for the most dramatic view properties — representing genuine value in the context of North Laguna Beach. The neighborhood's position directly above Emerald Bay means residents enjoy some of the same coastal panoramas as properties within the gates, at meaningfully lower price points. Catalina Island is clearly visible on clear days from the upper streets.
