Coldwell Banker La Jolla Closes Record-Setting Home Sale in San Diego County
Torrance, CA – December 23, 2011 – (RealEstateRama) — Coldwell Banker Residential Brokerage in La Jolla announced today the sale of the Razor House, an 11,000-square-foot architectural landmark that rests high above the Torrey Pines State Reserve. Sold by Coldwell Banker’s Laleh & Niloo Monshizadeh for an undisclosed amount, the property is the highest sale price in San Diego County in 2011, surpassing Coldwell Banker La Jolla’s previous high this year of $11.5 million for an oceanfront home sold in August.
“These two sales certainly indicate a strong movement in the San Diego luxury market,” said Jeffrey Nunn, branch manager of Coldwell Banker Residential Brokerage in La Jolla. “Even with the uncertainty in the housing market, the sale of the Razor House is further indication that high-end and oceanfront buyers are moving their money back into real estate.”
Designed by San Diego-based architect Wallace E. Cunningham, who was named to Architectural Digest’s Top 100 designers, the four-bedroom, six-bathroom home is an architectural masterpiece. The modernly-designed, angular home perches itself on a hill and features stepped-back curved glass walls and a semi-circular infinity pool suspended in space overlooking the ocean. Inside the home, a short flight of floating stairs terraces up to the dining area with a glass elevator that rises to the master suite along with an exercising wing on the third level at the rear of the courtyard.
Constructed with white polished concrete floor-to-ceiling structural glass to highlight uninterrupted views of the ocean, open sky and natural landscape, all rooms face the ocean views at all times. The home also features a two-level guest house with the same panoramic views, a six-plus car subterranean garage.
“The new owners will be finishing the house consistent with the architect’s original design intention” said Laleh Monshizadeh. “Owners of the home will not only enjoy the artistic beauty this beachfront property has to offer, but also the privacy it bodes. The home’s impeccable art-quality design, unparalleled excellence and paramount location make this property a true piece of art unto itself.”
About Coldwell Banker Residential Brokerage: in San Diego and Temecula Valley
Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company, operates 24 offices with approximately 1,200 sales associates throughout the Greater San Diego and Temecula Valley Regions. Coldwell Banker Residential Brokerage (www.californiamoves.com) is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.
