september 4, 2019 - the wall street journal - alicia keys is the... · pdf file...
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September 4, 2019
By Katherine Clarke Grammy-winning singer Alicia Keys and her husband, hip hop producer Swizz Beatz, have paid $20.8 million for “Razor House,” a strikingly modern local landmark in the affluent Southern California town of La Jolla, according to people familiar with the deal. The property first listed for $30 million in August 2018, The Wall Street Journal reported.
The 10,653-square-foot cantilevered home, which has been featured in television commercials including one for Visa Black Card, hugs a jagged bluff overlooking the ocean near an area known as Razor Point. It has four
bedrooms, a circular living room, a screening room with acoustically treated walls and ceiling, a black-tiled, vanishing-edge heated pool and a rooftop entertaining level with a stainless-steel spa and an outdoor kitchen, according to the original listing. There is also a 1,301-square-foot, two- bedroom detached guesthouse, said Donald Burns, the prior owner, in an interview last year. In that interview, Mr. Burns said he bought the property for about $14.1 million in 2011, after the original owner filed for bankruptcy in the late 2000s, and finished construction.The former chief executive of magicJack, a device that plugs into a port on computers to allow users to make local and long-distance phone calls, Mr. Burns said he was pleased that the new owner “appreciated the architecture” as much as he did, but declined to comment on the buyer’s identity. Ms. Keys, who serves as a coach on television talent show “The Voice,” is known for hit songs such as “No One,” “If I Ain’t Got You” and “Empire State of Mind.” She and her husband share two children. A spokesperson for Ms. Keys couldn’t be reached for comment.
Josh Altman and Matt Altman of Douglas Elliman brokered the deal on behalf of the buyer and seller, according to people familiar with the transaction. They declined to comment. —Additional reporting by Candace Taylor