Inside a $ 23.5 million home that could break a local California record

Ocean views from the most expensive villa ever sold in Encinitas, CA.

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The $ 23.5 million modern villa overlooking the Pacific Ocean in Southern California will officially hit the market on May 14, making it the most expensive house ever for sale in Encinitas, California – a coastal community about 26 miles north of San Diego .

The eight-digit asking price of the house is more than twice as high as the one for which it was sold less than six years ago.

“Combined with the high demand for luxury housing we’ve seen over the last few years in San Diego and such a rare supply, we believe the price is where it should be,” said Kelly Howard of Compass, one of the soloists. agents on the estate.

House on top of the bluff at 532 Neptune Ave. it is called the Crescent House, named after one of its luxury amenities: a crescent-shaped infinity pool that surrounds a round concrete terrace.

The crescent-shaped infinity pool wraps around a circular terrace.

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The house had already broken the local price record when it traded for $ 11.1 million in 2016 after just 28 days on the market. That sale remains the largest ever achieved in Encinitas history, according to Multiple Listing Service records provided by Howard, which also represented the list for that record sale.

“We are confident that this house will break its own record,” he said.

If the structure of glass, concrete and titanium reminds you of the villa of the fictional billionaire Tony Stark on the seashore in Marvel’s films “Iron Man”, it may be because it is the work of architect Wallace Cunningham.

Razor House

Gary Castle – Douglas Elliman Realty

Cunningham also designed the ultra-modern Razor House, located less than 20 miles south, in La Jolla. Some believe that top-notch design is one of the real inspirations for Stark’s fictional home in Malibu, which was created by an illustrator and brought to life using computer-generated images.

“Nothing can come close to Crescent House except maybe the Razor House,” Howard said.

Both houses designed by the award-winning architect have dramatic curves, striking edges and massive glass panels that provide stunning views of the Pacific Ocean.

The Razor House facade combines glass and concrete to provide sharp lines and dramatic curves.

Gary Castle – Douglas Elliman Realty

View of a villa perched on top of a cliff overlooking the ocean.

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Crescent House, meanwhile, was featured in Architectural Digest in 2005 and in the premiere episode of the 3rd season of HBO’s “Westworld.”

The mansion covers more than 6,300 square meters, on two levels, with four bedrooms, four full bathrooms and two semi-baths according to the list. Almost every room uses its own sky and ocean perspective with floor-to-ceiling windows.

Primary bedroom

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The stunning staircase winds to the second level, designed by the architect to look like the skeleton of a giant dinosaur with stainless steel vertebrae and ribs.

An elegant staircase made of steel and glass curves upwards connecting the two levels of the house.

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Cunningham told Architectural Digest that the house was built to provide “the feeling of being on a ship at sea”. This is evident in the living room, where, at certain angles, the home seems to hover over the ocean.

The sofa in the living room provides space in the front row to an impressive view of the ocean.

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Behind the glass walls there are multi-layered terraces that put you even closer to the sea.

Multi-level terraces offer several places where you can enjoy the view.

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The current owners live in Florida full time and after six years of keeping the house ready for sale.

If the pair reaches the asking price, the sale would bring in a price per square foot of more than $ 3,700, nearly four times the average of $ 928 for luxury homes sold in the county, according to a quarterly Elliman report. The report defines luxury homes as those in the top 10% of the market.

“The luxury market in San Diego has experienced a serious rise in prices since this Crescent House was last sold,” Agent Howard said.

Howard believes the increased market demand, plus pedigree design and what he says is the above-average size of the street plot at the top of the bluff, are all in favor of sellers and will help command real estate premiums.

The owners have also made some upgrades, including commissioning the original architect to add two state-of-the-art fire-fighting properties and equipping the villa with infrastructure for smart homes, Howard said.

A modern fire located near one of the outdoor seating areas in the house.

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Howard told CNBC that new regulations on coastal construction make it impossible to replicate a house like this in this place, which further justifies a 112 percent price increase over 2016, he said.

The primary bathroom of the villa has two toilets with mirrors that seem to float above the sink.

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Historical sales figures suggest it’s not as crazy a jump in value as it may seem.

Back in October 2016, the last time Crescent House was sold, the average retail price in Encinitas was just over $ 1.2 million, according to data collected by the Greater San Diego Association of Realtors. Last month, that number exceeded $ 2.4 million, similar to a doubling in less than six years.

Whether the house will be able to charge its full asking price remains to be seen, but the query is more than nine times the average price of an Encinitas house, and finding a buyer willing to pay a record price is not always easy.

“Discriminating a customer who connects with him and understands that he will be willing to pay for it,” Howard said.

Multi-layered outdoor terraces offer beautiful ocean views, multiple dining areas and an outdoor seating area with fireplace.

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