El Parador At Emerald Cove: Rent Or Buy This Beachfront Beauty

LAGUNA BEACH, CA — You've gotta love a home with a name. El Parador, as it is called, has been owned by the same family since 1932. Now, it can be yours for a mere $28 million.

• Address: 156 Emerald Bay, Laguna Beach, California
• Price: $28,000,000
• Square Feet: 3920
• Bedrooms: 5
• Bathrooms: 5 Baths
• Built: 1932
• Features:

This oceanfront estate parcel is on the sand in the esteemed private community of Emerald Bay. Held in the same family since 1932, ‘EL PARADOR’ presents a rare opportunity to buy the “best of the best” as the original owner had her choice of most any position on this scenic cove.

The current offering was assembled in a recent merger of the original lot #156 with a substantial portion of the former lot #120, creating the newly expanded parcel #156; now the single largest on the oceanfront in all of Emerald Bay.

It features a private beach area with almost 70’ of frontage at the quiet western end of the cove, as well as a sand-front cabana and large entertaining terrace. The existing, 1930’s California colonial style home serves as a comfortable beach getaway.

Alternatively, one could build new and create a home of 13,000 square feet or larger, with an oceanfront swimming pool, and direct walk-out-on-the-sand access from a beachfront cabana and terrace.

The gently sloping topography will allow for an exceptionally livable new plan with all floors taking in ocean views. Street to street access allows for an ove-rsized multi-car subterranean garage.

The cove, coastline, ocean and nightlight views are beyond compare, as is this irreplaceable opportunity.

This listing originally appeared on realtor.com. For more information and photos, click here.