Jerry Guo Buys $15 Million La Jolla Clifftop House – Variety
One of many San Diego space’s most visually dramatic properties lately bought for simply over $15 million, putting it among the many greatest native transactions on document. Deeds and paperwork reveal the La Jolla property was acquired by Boston-based tech tycoon Jerry Guo, the longtime president and CEO of telecommunications juggernaut Casa Methods, and his spouse Lucy Xie, Casa’s SVP of operations.
In-built 2003 and designed by native architect Ken Ronchetti, the knife-edged modern isn’t for the stylistically faint of coronary heart, boasting boldly maximalist traces, hovering partitions of glass and a uniquely triangular infinity pool. From inside, all the 8,600 sq. ft. mansion seems magically suspended over the Pacific Ocean far under.
Vertigo-inducing views stretch for miles, ingesting within the aqua sea and likewise capturing the ruggedly stunning mountains that outline La Jolla’s shoreline. Extra tangible facilities embody a three-car storage, practically 3,000 sq. ft of stone terraces and balconies — excellent for large-scale entertaining — a lush rose backyard, a indifferent studio/workplace with its personal non-public lavatory plus a separate, one-bedroom indifferent guesthouse.
That is additionally a state-of-the-art fashionable “good” residence, with a lavish Savant automation system that permits its homeowners to observe and management the safety cameras, TVs, lights and audio from the contact of their smartphones, or from varied wall-mounted iPads scattered all through the home.
For higher or worse, nevertheless, and regardless of all of the snazzy visible dramatics, this $15.Three million property is slightly overshadowed by its next-door neighbor when it comes to worth, fashion and sheer scale. That property, the famously unreal-looking Razor House, was bought final yr for $20.Eight million by Alicia Keys and Swizz Beatz. The 2 properties are so shut that they really share a communal driveway, although every property additionally sits behind its personal gate and personal drive.
Guo and Xie seem to have a factor for futuristic-looking modern properties. Again in 2016, they paid about $5.Three million for a high-floor condominium in Boston’s trendy Millennium Tower skyscraper, a shimmering glass construction with views over Boston Harbor.
Casa Methods, based in 2003, has since grown to 600+ staff, and develop into famous for its software-centric strategy to communications. The NASDAQ-listed firm at present sports activities a market cap of roughly $276 million.
Bob and Terri Andrews of Pacific Sotheby’s Worldwide Realty held the itemizing; Craig and Marc Lotzof, additionally with Pacific Sotheby’s Worldwide Realty, repped Guo and Xie.