The most expensive home ever up for sale in the town of Encinitas, California is set to hit the market on May 14 and will be a modern mansion overlooking the Pacific Ocean.
The home sold for less than six years ago, but now is asking for more than double what it sold for.
Kelly Howard, one of the co-listing agents on the property, said that the property is priced where it should be because of the high demand for luxury housing in San Diego.
The Crescent House is named for its crescent-moon-shaped pool that surrounds a round concrete terrace.
A crescent-moon shaped infinity pool wraps around a circular terrace.After just 28 days on the market, the home broke the local price record when it sold for $11.2 million. Multiple listing service records provided by Howard show that the sale remains the highest ever achieved in Encinitas.
He said that they were confident that the house would break its own record.
If the glass, concrete and titanium structure reminds you of the fictional billionaire Tony Stark in the Iron Man films, that may be because it is the work of architect Wallace Cunningham.
The ultra-modern Razor House is located less than 20 miles to the south. The cutting-edge design is believed to be one of the real-life inspiration for Stark's fictional Malibu home, which was created by an illustrator and brought to life with computer-generated imagery.
The Crescent House is the only one that comes close to it, according to Howard.
Both of the homes designed by the award-winning architect feature dramatic curves, striking edges and massive panes of glass that deliver jaw-dropping views of the Pacific Ocean.
The facade of the Razor House blends glass and concrete to deliver sharp lines and dramatic curves.A view of the mansion perched atop a bluff overlooking the ocean.Crescent House was featured in Architectural Digest magazine in 2005 and on the premiere episode of Westworld.
The mansion spans 6,300 square feet and has four bedrooms, four full baths and two half baths according to the listing. Every room has floor-to-ceiling windows that give it a view of the sky and ocean.
The architect designed the staircase to look like a giant dinosaur with its bones made of steel.
A sleek steel-and-glass staircase twists upward connecting the home's two levels.Cunningham told Architectural Digest that the house was built to deliver a sense of being on a ship at sea, and that is visible in the living area.
A sofa in the living area delivers a front-row seat to impressive ocean views.You can see the sea from the tiered terraces beyond the walls of glass.
Multi-level terraces offer several spots to take in the view.After six years of holding onto the home, the current owners are ready to sell.
The average price for luxury homes sold in the county is $928, but if the couple scores their asking price, the sale would deliver a price-per-square-foot of more than $3,700. The top 10% of the market are considered luxury homes.
The Crescent House has seen a serious increase in price since it last sold, according to listing agent Howard.
Howard believes that increased demand in the market, as well as an above-average lot size for the bluff-top street, all work in the sellers favor and will help command a premium for the property.
The original architect was commissioned to add two state-of-the-art fire features and equip the mansion with smart home infrastructure, according to Howard.
A modern fire feature adjacent to one of the home's outdoor seating areas.New coastal building regulations make replicating a house like this on this site impossible, which makes the price increase even more justified.
The mansion's primary bathroom features twin vanities with mirrors that appear to float above the sinks.Historical sales data shows that it is not as crazy a jump in value as it may seem.
According to data compiled by the Greater San Diego Association of Realtors, the last time Crescent House was sold, the median sale price was just over $1 million. The number doubled in less than six years.
Whether the home can command its full asking price is yet to be seen, but the ask is more than nine times the average home price, and finding a buyer willing to pay a record-breaking price is not always easy.
Howard said that the discriminating buyer that connects with it will be willing to pay for it.
The tiered outdoor terraces offer breathtaking views of the ocean, multiple dining areas, and an outdoor seating area with a fire feature.