After the first anonymous buyer for the David and Gladys Wright house in Phoenix dropped his/her/its bid a few weeks ago, things seemed uncertain for the historic Phoenix property. But good news came in today through a press release from the Frank Lloyd Wright Building Conservancy, which says a new buyer has been found.
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The conservancy "facilitated the purchase ... through an LLC owned by an anonymous benefactor."
The sale price was undisclosed, but the home was initially listed by real estate agent Robert Joffe for $2.38 million. The property will subsequently be transferred to an Arizona-based non-profit, which will oversee restoration, maintenance and operation of the house.
The new owner will seek landmark designation for the home through the City of Phoenix with the ultimate goal of restoring it and making it available for "educational purposes", states the release.
"This purchase is a magnificent and generous action," says Larry Woodin, president of the Frank Lloyd Wright Building Conservancy in the release. "It is a gift to the people of Phoenix, a gift to the worldwide architectural community and to everyone that cares about the history of modern architecture. We are enormously grateful to this benefactor for making sure there will be a new chapter in the life of this important and unique Frank Lloyd Wright building."
The historic home at 5212 East Exeter was built by Frank Lloyd Wright in the early 1950s for his son, David. The Wright family sold the house to JT Morning Glory Enterprises LP in 2009 (for $2.8 million) and was recently sold again to 8081 Meridian for $1.8 million.
More details will be released in January about how people can support the new non-profit organization dedicated to the restoration of the David Wright House, according to the release. Read the full press release from the Frank Lloyd Wright Building Conservancy.
See more photos of the Frank Lloyd Wright house on the next page.
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