This week in the LA Times Hot Property, Ann Brenoff digs up a small yet lovely home with a rather astounding price. The home in question in the Emerald Bay area of Laguna Beach, California and belongs to Mossimo Giannulli and his wife actress Lori Laughlin who is set to star on the new 90210 show this fall. Mossimo is best known by his first name as a popular designer for Target. This small three-bedroom home (it's around 2,000 square feet) home is decorated in a bright beachy style. No pool, just a small year courtyard but you are a short walk from the beach. It's cute, really cute, but is it $12.995 million worth of cute? Only if you are very smitten with lovely Emerald Bay.