$14.1M Home Sale, Most Expensive in 2 Years

It took three years, several auctions and a reduction in price of nearly $31 million, but the notable home at 9826 La Jolla Farms Way sold for $14.1 million this week. Escrow closed on this house nicknamed "the Razor" late Tuesday afternoon.

This modern oceanfront house with floor-to-ceiling views of Black's Beach has been featured in Architectural Digest and . The house has 11,000 square feet of living space, four bedrooms and six bathrooms.

It was designed by San Diego architect Wallace E. Cunningham, an Architectural Digest Top 100 Designer, and features an infinity pool, rooftop deck, six-car garage and two-level guest house.

Laleh and Niloo Monshizadeh of represented the buyer and Bob Hurwitz of Hurwitz James in Los Angeles represented the seller, Jimmy Donald "Don" Cooksey.

The buyer's agent would not reveal the name of the purchaser. The buyer is reportedly an investor from Florida, who plans on living in the residence full time.

Sales records, which will include the owner's name or the name of a trust, were not recorded with the county as of Wednesday afternoon.

Jeff Olson, division chief of Assessment Services with San Diego County, said it typically takes two days for the County Assessor's office to receive and process paperwork of a sale. He anticipated having documents on file on Thursday.

Olson added that three sales of more than $10 million have been recorded this year thus far. Homes on Camino de la Costa in the Lower Hermosa neighborhood and on Inspiration Drive in the Muirlands neighborhood have fetched $10.6 million, and since January.

"It is the biggest sale in the San Diego County in the past three years," said Laleh Monshizadeh.

Laleh Monshizadeh said the new owner plans on working with the original architect to fully complete and design out the home, which has access to Black's Beach.

"It is not just a home. It is a piece of architecture. It is art. It is a trophy property," said Laleh Monshizadeh. "There is nothing like it."

Jeff Nunn, branch manager with Coldwell Banker, said he is so proud of his team for building their presence in the upper market. Coldwell Banker sold three of the four homes over $10 million in La Jolla this year.

"It is another sign that the high-end buyer is starting to see the reason and logic to put their money back into real estate," said Nunn.

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