La Jolla office building goes condo

Permanently protected ocean view, brand new, unit 402

Slider window walls open the residence to the ocean.
  • Slider window walls open the residence to the ocean.

1020 Prospect Street #402, La Jolla, 92037

The “premiere [sic] limited edition penthouse” at 1020 Prospect Street in La Jolla promises buyers a “one-of-kind property” that “has been meticulously designed and curated for discerning home collectors.”

One of two-and-a-half baths

One of two-and-a-half baths

The penthouse suite, or Unit 402, comprises three bedrooms, two and a half baths, and over 3200 square feet of living area at Muse La Jolla, a project underway to convert Prospect Center, an office building built in 1967 and designed by noted Southern California architectural firm Ladd & Kelsey, into 16 luxury residential units.

Kitchen includes “Taj Mahal granite"

Kitchen includes “Taj Mahal granite"

“The renovation of this classic icon preserves the integrity of the architects’ original modernist vision,” listing materials promise, “while elevating the property to a whole new level that meets the expectations of modern luxury.”

Temperature-controlled walk-in wine room

Temperature-controlled walk-in wine room

“Every element of Muse’s airy interiors have been thoughtfully considered to design the ultimate trophy property worthy of the most discerning buyers,” the listing continues. Features include “expansive stacking slider window walls opening the residence to the ocean for the ultimate indoor/outdoor living experience, dramatic 10- to 12-foot ceiling heights, gracious entry foyer,” and “a breathtaking private skytop terrace.”

Permanently protected ocean views

Permanently protected ocean views

The kitchen includes a “book-matched Taj Mahal granite full height signature kitchen wall,” white acrylic cabinetry designed by Pininfarina (the Italian design studio that’s also responsible for the look of Ferrari automobiles), white Alpine quartz counter slabs, and a Miele appliance package complete with built-in coffee system.

Three units in the building are currently offered for pre-sale

Three units in the building are currently offered for pre-sale

The master suite includes an “indulgent two-person steam shower featuring a dramatic Copenhagen granite architectural detail.” Other luxury appointments throughout the unit include “gallery walls” throughout the open floor plan for the display of private collections, “designer fixtures by Gessi” and a “temperature-controlled walk-in wine room and bar” with the same book-matched granite as the kitchen. (Book-matching is a technique wherein seams between multiple slabs are selected to match up, creating the illusion of one solid slab).

“Soaring 10–12´ceilings, expansive window walls allow for panoramic view corridors of the ocean, Mount Soledad, La Jolla Village, Prospect Street, and Girard Avenue resulting in experiential moments throughout the living spaces,” the listing continues, concluding that “the extraordinary attention to detail illuminates a bespoke sophistication and creates a striking canvas for superlative interior materials and finishes.”

“Each penthouse includes a breathtaking private sky-top terrace” with permanently protected ocean views (due to law changes since the 1960s construction concerning coastal building heights) as well as a private three-car garage within the controlled-access parking structure and access to a 24-hour concierge service.

Beds: 3

Baths: 3

Current Owner: RREF II HV Prospect Property Owner LLC

List Price: $10,120,000

The entire Prospect Center building was last sold in 2015 for a reported $27.9 million, with a $35 million construction loan going to fund the conversion.

Three units in the building are currently offered for pre-sale; completion is advertised for “Spring 2017.” These range in price from just over $2.7 million for a 1792-square-foot two-bedroom floor plan to nearly $6 million for a 2254-square-foot model. Unit 402’s asking price, however, dwarfs other models — listed in early April, the home carries a price tag of $10,120,000.

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