Breaking News: The Most Famous House in America… SOLD!

The Razor legacy lives on and, finally, with a new owner! In one of the most expensive home sales in 2 years, The Razor residence in La Jolla, California closed for $14.1 million this week. The purchase of the renowned “Residence of Art“ by Donald A. Burns from broker Bob Hurwitz was finalized late in the afternoon on Tuesday, December 20, 2011. The new owner Donald A. Burns is a 47-year-old real estate investor from Palm Beach, Florida. Here’s an excerpt from the recent Sign On San Diego article featuring an interview with Bob concerning the sale…

“‘The guy is a sophisticated real estate investor,’ said Hurwitz, adding that the sale was the most ‘complex and convoluted’ one he’s ever completed in his 31-year real estate career, given all the players involved.”

As another article in the La Jolla Patch noted, The Razor sale was a long-time coming after three years and several auctions. Donald A. Burns negotiated his way to what ended up being only about one-third of the original asking price. For this magnificent masterpiece designed by Wallace E. Cunningham, an Architectural Digest Top 100 Designer, that includes an infinity pool, rooftop deck and floor-to-ceiling glass for jaw-dropping views from every room, $14.1 million was a small price to pay. After all, according to real estate sourcesit was “The most extensively marketed home in the history of residential luxury real estate.”

Sources: Sign On San Diego and La Jolla Patch
Photo via Hurwitz James Company

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  1. Pingback: Sale of Razor Featured on Fox 5 San Diego News | Hurwitz James Company

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