Oceanfront living in Laguna Beach

This four-level oceanfront contemporary is set behind gates on a cul-de-sac overlooking Emerald Bay. Its limestone entry is suspended above a 4,500-gallon koi pond with a 12-foot stone waterfall.

The details

Location: 1115 Emerald Bay, Laguna Beach 92651

Asking price: $12.995 million

Year built: 2009

Architect: Scott Laidlaw

House size: Five bedrooms, seven bathrooms, 7,000 square feet

Lot size: 9,460 square feet

Features: Temperature-controlled 1,500-bottle wine cellar, barrel ceilings in living room, wet bar and fireplace in family room, penthouse master suite, elevator, extensive deck space, saltwater pool and spa, seven-car subterranean garage, gym, two fire pits, solar panels

About the area: In the first quarter, 89 single-family homes sold in the 92651 ZIP Code at a median price of $1.15 million, according to DataQuick. That was an 8% increase from the first quarter of last year.

Agents: Jim Ardery, (949) 887-3823, and Diane Cannon, (949) 230-1200, Prudential California Realty

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To submit a candidate for Home of the Week, send high-resolution color photos on a CD, written permission from the photographer to publish the images and a description of the house to Lauren Beale, Business, Los Angeles Times, 202 W. 1st St., Los Angeles, CA 90012. Send questions to homeoftheweek@latimes.com.

For The Record Los Angeles Times Friday, July 20, 2012 Home Edition Main News Part A Page 4 News Desk 1 inches; 37 words Type of Material: Correction Home of the Week: An article and headline in the July 15 Business section featuring a Laguna Beach home for sale described it as oceanfront. The home has expansive views of Emerald Bay but is not ocean-adjacent. For The Record Los Angeles Times Sunday, July 22, 2012 Home Edition Main News Part A Page 4 News Desk 1 inches; 37 words Type of Material: Correction Home of the Week: An article and headline in the July 15 Business section featuring a Laguna Beach home for sale described it as oceanfront. The home has expansive views of Emerald Bay but is not ocean-adjacent.
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