Location: 5212 E EXETER BLVD, Phoenix (Arcadia), AZ 85018
- Specs: 3 bedrooms, 4 baths, 2553 sf
- Asking: $12,950,000
This is an original Frank Lloyd Wright design created for Mr. Frank Lloyd Wright’s son and his wife (per yahoo). This iconic design was completed in 1952 and sits on 9.5 acres of one of the most prime real estate locations in Phoenix, Arizona aka Arcadia.
HISTORY: In 2012, the property was threatened with demolition before owner Zach Rawling purchased it for $2.4M. After establishing the nonprofit David & Gladys Wright Home Foundation, Rawling worked tirelessly to preserve the house, first as a proposed museum and later as part of a donation to the School of Architecture at Taliesin. But neighbors opposed the plans, battling zoning changes and the crowds that might come with a tourist destination. – Mansion Global
The property features sweeping views of camelback mountain, concrete block construction (very rare), a pool, and guest house. The estate has been partially updated, but requires additional rehabilitations, including necessary structural and electrical repairs (SOLD AS IS) per listing agent – Robert J Hassett
If you love art, appreciate architecture, and in the market for something unique this home checks all the boxes. So it needs a little work and some people will not see the value here, but that’s what makes it attractive. I considered this property the “Mona Lisa” of homes says agent Juan Pesqueira. This is a very rare property, there is nothing (zero) like this home anywhere in the world. Rare and scarce equal value so if you’re a real estate aficionado who is looking for a trophy property to add to your portfolio you cannot go wrong with this one! The right buyer, who is willing to update but keep original will only increase its value. This is not a buy and flip but a buy and hold. We have/are already seeing record-breaking sales and list prices within the past year. Buyers are flocking here from all over the world and because of that prices will continue to go up, so will a very rare and unique homes like this… – Juan Pesqueira…