In today’s market, not even Marvel’s wide-reaching appeal was able to fetch a buyer willing to pay full asking price for Tony Stark’s lookalike mansion in La Jolla.
The architecturally significant “Razor Home” sold for $20.8 million Tuesday, roughly 30 percent less than what it originally listed for a year ago. It was most recently listed for nearly $25 million.
Still, the deal marks the most expensive sale in La Jolla so far this year.
Designed by Wallace Cunningham, the hillside estate is believed to have served as inspiration for Iron Man’s “Razor Point” mansion in the franchise film. It’s also become a popular filming spot for commercials, luring big-name brands like Calvin Klein and Visa.
Property records reveal the seller was Donald Burns, a Palm Beach resident who has owned the property since 2011. It’s unclear who bought the property.
Spanning 11,000 square feet, the home has four bedrooms and six bathrooms. Inside, a circular living room offers sweeping views of the Pacific Ocean. Amenities include a glass elevator, infinity-edge swimming pool, wet bar, gym and movie theater.
Josh and Matt Altman of Douglas Elliman represented both sides of the deal. Stephen Sweeney, who is also part of their team at Elliman, also represented the buyer.