Doing Right by Wright: An Architect’s Landmark Home Saved in Phoenix
An anonymous benefactor has purchased and wants to preserve a Frank Lloyd Wright-designed home in Phoenix that had been threatened with demotion, a real estate broker, city officials and a preservationist group said in separate announcements.
Wright designed the 1950s home for his son and daughter-in-law. It was twice sold in recent years, and preservationists objected last summer when they learned a development company planned to demolish the home in order to split the property.
The Chicago-based Frank Lloyd Wright Building Conservancy said the new buyer wants to remain anonymous. The property was purchased through a corporation that will transfer it to a not-for-profit organization, which will restore, maintain and operate the home for educational purposes, the conservancy said.
The purchase means "this important piece of our Phoenix history and the Frank Lloyd Wright legacy will be preserved for generations to come," Mayor Greg Stanton said.
The conservancy said the home is the only Wright-designed residence that uses a circular spiral plan similar to the Wright-designed Guggenheim Museum in New York, which was built after the home.
Robert Joffe, a real estate broker who marketed the property, said the home sold for $2,379,000. That was the original asking price but less than a $2.5 million price put on the property several weeks ago because of recently incurred expenses, Joffe said.
Two previous sales fell through, so this transaction was kept under wraps until the deal closed Thursday, Joffe said.