1601 EMERALD BAY, LAGUNA BEACH | $4,950,000 DRAMATIC PRICE REDUCTION. This spectacular hillside view property is an incredible value at this price. Features view decks and terrace with pool, spa and sauna. There is even a putting green. 3 bdrm suites plus powder. Den/office could be 4th bdrm. Master with own terrace, view office and fireplace. www.roddaley.com or www.1601emeraldbay.com.