The 3,920-square-foot house with its own stretch of sand is on the market for $38 million.

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The home is one of five in Emerald Bay that has a private cabana on the sand.

A bluff-top, oceanfront house that was one of the original homes built in Emerald Bay is up for sale for the first time in 81 years.

Asking price: $38 million. 

Turner Newton, great-grandson of the widow who built the Laguna Beach home, said he expects whoever buys it to tear it down.

“The people who have the money to buy this house want something fancier,” said Newton, a part-time real estate investor who lives in Healdsburg in Northern California.

The 3,920-square-foot house at 156 Emerald Bay is on a half-acre lot. The five-bedroom home has retained its vintage touches, including what once was a chauffeur’s quarters, a breakfast room – not a nook – and original hardwood floors with narrow slats.

The home comes with a special feature: a separate cabana on the sand, just a few feet from the Pacific Ocean. It’s at the bottom of a winding staircase that descends from the home’s brick patio.

Newton said the house is one of five in the community with cabanas on the beach. The home’s acreage also includes a stretch of sand in front of the cabana.

“So we have a private beach inside of a private beach,” he said.

Newton, 59, and his sisters own the home, but taking care of it can be a difficult balancing act. “We don’t use it enough for it to make sense,” he said.

He said his great-grandmother found the property on a road trip. She and her chauffeur packed her Packard Phaeton and headed from her home in Pasadena to Pebble Beach, then drove down the coast in search of just the right spot to build a house.

A black and white photo taken after the home went up in 1932 shows it standing isolated along the bluff.

Today, Emerald Bay is packed with more than 500 houses and some prominent names. Billionaire Warren Buffet once had a home here.

The property is listed by Bill Dolby of Villa Real Estate.