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[ 01 ] Emerald Bay $5,398,000

32 Emerald Bay One million dollar price reduction. Ideally located on the ocean side of Emerald Bay, this warm and inviting residence is endowed with breathtaking ocean and shoreline views; multiple spacious areas for living and entertaining; and an abundance of upgraded appointments. Existing plans are available with previous approval by the association and Coastal Commission for an approximately 4,000 square-foot home. Additional amenities include: guard-gated entrance, volleyball and tennis courts, community pool, and the world-class Emerald Bay beach–exclusive to residents. www.32emeraldbay.com.

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Corona del Mar $3,295,000

232 Iris Avenue Located in the highly desirable two hundred block of Corona del Mar’s coveted flower streets, this charming Nantucket style home offers stylish comfortable living in the quintessential seaside enclave. With three levels, three bedrooms and four baths, the home is replete with gracious space and amenities including: a gourmet kitchen, a master suite with a walk-in closet, a roof-top deck overlooking ocean and city light views, a spacious three-car garage and dual outdoor living spaces–perfect for dining and entertaining.