Iron Man’-Inspired ‘Razor House’ Sells for $20.8 Million

The cliff-hugging, ocean-facing house in La Jolla, California, has been featured in TV commercials

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source: https://www.yahoo.com/

The “Razor House” in La Jolla, California, was inspired by Tony Stark’s Razor Point mansion in the “Iron Man” film series, has found a taker for $20.8 million, according to the brokerage handling the listing.

The property was listed by Josh Altman and Matt Altman, the brother duo of Douglas Elliman, for $24.995 million in June. They found a buyer within a week, and the sale closed on Monday, the brokerage said.

The seller of the 11,545-square-foot home is Donald Burns, the former chief executive of magicJack, a device that enables users to make phone calls from their computers. He purchased the home for about $14.1 million in 2011 and spent almost three years renovating it, he told The Wall Street Journal last August when he put it on the market for $30 million. This listing with Coldwell Banker was taken off the market in April 2019.

The identity of the buyer, represented by the Altman brothers and Stephen Sweeney, also of Douglas Elliman, all of whom were not immediately available for comment, hasn’t been disclosed. The deeds have yet to appear in property records online.

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Designed by architect Wallace E. Cunningham, the modern house sits against a steep, jagged bluff and has sweeping ocean views.

The residence includes four bedrooms, a circular living room, a family room, a library, a screening room, a billiards room, and two kitchens. Outdoors, there is a heated pool, a spa, a kitchen, a rooftop terrace, and a garage.

There is also a detached guest house with two bedrooms, according to the listing with Douglas Elliman.

The $20.8-million sale is the most expensive residential property sale in La Jolla so far this year, according to Douglas Elliman and the Multiple Listing Service

Modernist architect Wallace Cunningham designed the Razor House. 11,545 square feet of living space are contained in three stories of white concrete, stainless steel and glass rising in a cantilevered design and including six bedrooms and eight baths. There is a circular living room and a circular movie theater, a rooftop terrace, a heated pool, outdoor kitchen and, indoors, two complete kitchens, including a caterer’s kitchen. A subterranean garage holds four or five cars, depending on their size. There is also a two-bedroom guest house.

Now a local landmark, the house’s construction, beginning in 2007, was complicated and resulted in the original owner filing bankruptcy mid-construction. The partially finished house was purchased in 2011 by MagicJack tycoon Donald Burns for $14.1 million. He spent an additional three million dollars to finish and renovate the house.