The Razor Residence will be Auctioned Tomorrow!

Tomorrow – Thursday, November 10, 2011 – is the day! The Razor Residence will be auctioned tomorrow morning at 11am! The suspense is unbearable, and we cannot wait to see who will become the fortuitous new owner of the most architecturally unique home in the world. We’re imagining the suspense will be quite intense tomorrow as bidders will be vying for the chance to wake up every morning to the most stunning views in all of California in a the one-of-kind architectural masterpiece designed by world-renowned architect Wallace E. Cunningham.

To those qualified bidders who will be attending the auction tomorrow, please remember to bring a Cashier’s Check in the amount of $500,000 made out to themselves or to Leslie Gladstone, Trustee in order to participate. The auction will be an oral bid conducted by the Trustee, and the bidding will begin at US $13,900,000. The property will be sold free and clear liens, unfinished and as is.  The successful bidder will sign a non-contingency purchase agreement, and the sale will be subject to a lender’s approval. Happy Bidding!

For additional information or questions please contact Hurwitz James Company at 888-681-5902.

Photos via Hurwitz James Company

UPDATE: New Terms for the Razor Residence Auction Nov. 10

The terms for the auction of the world-famous Razor Residence, designed by renowned architect Wallace E. Cunningham, have been changed. Interested bidders are no longer required to wire in $500K to the trustee one week prior to the auction. Instead, bidders are now allowed to show proof of funds to close the sale two days prior to the auction! This change is to encourage interested parties to seal the deal before the auction in order to get the best price possible.

Auction Details

Who: For qualified bidders only (to participate, bidders or their authorized representatives must bring a Cashier’s Check in the amount of $500,000 made out to themselves or to Leslie Gladstone, Trustee)

What: The auction will be an oral bid

When: 11AM PDT on Thursday, November 10, 2011

Where: The office of the attorney for the Trustee: Jeff Davis of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. at 3580 Carmel Mountain Road, Suite 300 in San Diego, California

How: The auction will be conducted by the Trustee; the bidding will begin at US$13,900,000, and bids are required to be in US dollars and in cash

Parties interested in potentially purchasing the property prior to the auction should contact Bob Hurwitz to schedule an appointment right away at 888-681-5902.

New Profile of The Razor Residence on The Pinnacle List

Just when we thought The La Jolla Razor Residence couldn’t appear any more radiant in photos, The Pinnacle List released a new profile of the “one-of-a-kind” architectural masterpiece. Appearing in the light of a sunny day, the work of architect William Cunningham transforms into an immaculate sculpture of epic property proportions. Simply put, these views cannot be recreated.

When the sun begins to make its descent, every wall made transparent by floor-to-ceiling glass is converted into a live painting of the sinking sun into the ocean waters framed by the crests of coastal cliffs. The 60-foot infinity pool reflects the brilliant colors of the sunset sky for an even more breathtaking presentation. Defined by its location, The Razor design is a daily celebration of Mother Earth’s majestic beauty.

The destiny of The Razor is yet to be determined as the property remains on the market and one offer still on the table. Qualified buyers who are interested in learning more about The Razor or would like to an appointment to see the estate, can schedule on The Pinnacle List online or by calling Bob Hurwitz at 310.477.8865.

Photos courtesy of TPL

Breaking News on The Razor Residence

Due to the high levels of inquiries and publicity on the world-famous Razor Residence, Hurwitz James Company has decided to postpone the auction originally scheduled for Tuesday, September 27. If the estate was not sold prior to the auction date, the bidding was supposed to start tomorrow at $16 million to an exclusive group of qualified-buyers.

As the Razor has continued to make headlines, our phones have continued to ring. There has been a number of inquiries from overseas buyers who were unable to schedule visits prior to the auction date.

But that’s not the only piece of breaking news we have. There is actually one cash offer for The Razor that is currently under consideration. Who is this potential buyer? You’ll have to check back with the Hurwitz James Company Blog to find out! We’ll be sure to post updates on The Razor for our readers as soon as more information is released.