Real Estate Industry News

The Razor House, a dramatic concoction of concrete and glass overlooking the ocean in La Jolla, has traded hands for $20.8 million, making it the most expensive home sale in the seaside area this year.

Designed by architect Wallace E. Cunningham, the modernist gem originally hit the market last summer for $30 million and was most recently listed for $24.995 million. Cunningham designed the stunning estate to match the dramatic landscape surrounding it, and the home uses a cantilevered base to capitalize on the sweeping ocean views.

The jagged, sweeping structure at times resembles a monument more than a mansion. The residence spans 11,545 square feet across three stories with a design palette of white concrete, stainless steel, stone, walnut and glass. Rooftop terraces sit above, and a subterranean garage lies below.

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Highlights include a two-story great room, a rounded living room, a billiards room, a tiered movie theater and two kitchens. A curved floating staircase ascends to a lofted lounge.

The upper level also holds one of two master suites complete with a curved wall of glass and freestanding tub. In total, the home boasts four bedrooms, and two others are found in the 1,300-square-foot detached guesthouse.

Spanning three quarters of an acre, the estate wraps around an eye-catching courtyard lined with concrete monoliths. Past that, a lawn with a fire pit adjoins an infinity-edge swimming pool, completing the scenic space.

Josh and Matt Altman of Douglas Elliman held the listing. The Altmans also represented the buyer along with Douglas Elliman’s Stephen Sweeney.

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Built in 2007, the property last sold for $14.097 million in 2011, records show.