{"id":5055,"date":"2024-04-02T15:26:16","date_gmt":"2024-04-02T15:26:16","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/02\/whats-the-deal-with-tulsas-frank-lloyd-wright-designed-home-does-anyone-want-it\/"},"modified":"2024-04-02T15:26:16","modified_gmt":"2024-04-02T15:26:16","slug":"whats-the-deal-with-tulsas-frank-lloyd-wright-designed-home-does-anyone-want-it","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/02\/whats-the-deal-with-tulsas-frank-lloyd-wright-designed-home-does-anyone-want-it\/","title":{"rendered":"What\u2019s the Deal With Tulsa\u2019s Frank Lloyd Wright-Designed Home? Does Anyone Want It?"},"content":{"rendered":"

<\/a><\/p>\n

Sage Sotheby\u2019s International Realty<\/p>\n

<\/p>\n

With a nearly half-price discount, a Frank Lloyd Wright<\/strong>-designed home<\/a>\u00a0in Tulsa, OK<\/a>, is back on the market.<\/p>\n

The 10,405-square-foot manse was designed in 1929 by the famed architect for his cousin, Richard Lloyd Jones<\/strong>. It was listed last spring for $7,995,000<\/a> with Rob Allen<\/strong>, of Sage Sotheby\u2019s International Realty<\/a>.<\/p>\n

But a buyer didn\u2019t materialize, so the home was slated to be put up for auction<\/a>, with starting bids expected to range from $1,500,000-$3,250,000.<\/p>\n

However, the seller ended up taking the home off the block before the Dec. 14 auction date.<\/p>\n

Now, it\u2019s back on the market with a $4.5 million price tag. The residence is known as both the Lloyd Jones House or Westhope. And even with the reduced price, it\u2019s still Tulsa\u2019s third-most expensive single family home for sale.<\/p>\n

So, will anyone go for the architectural gem this time around?<\/p>\n

\u201cAt $4.5 million, it is far more within the Tulsa comparables,\u201d Allen says, adding that pricing is tricky. \u201cIt\u2019s not like looking at other 10,000-square-foot homes in Tulsa. Who would be in the market for a Frank Lloyd Wright house? You try to compare it to other architecturally significant homes.\u201d<\/p>\n

There has been a spate of Wright-designed homes on the market recently, with one coming in as the lowest priced Wright design available<\/a>. Listed at $790,000 in Kalamazoo, MI<\/a>, it\u2019s currently pending sale<\/a>.<\/p>\n

Recent restoration<\/h2>\n

In 2021, local developer Stuart Price<\/strong> snapped up the five-bedroom, four-bath home for $2.5 million. Then he embarked on a major (and we have to believe, pricey) restoration.<\/p>\n

The living room has a fireplace and an open layout.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

The modernized kitchen offers easy access to the dining room and living room.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

The dining room has a built-in bar for entertaining.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

Typical of Wright homes, the living room features a fireplace.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

The bedrooms, including this one, are spacious and abundant in natural light.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

One of the baths boasts blue tile.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

The seller restored the home\u2019s outdoor pool.<\/p>\n

Sage Sotheby’s International Realty<\/p>\n

\u201cWhen he bought it, it was in a state of disrepair,\u201d Allen says of Price. \u201cA lot of the windows were fogged, the textile blocks were faded, chipped or peeling, and had mildew growing on the side. The concrete floors were covered in carpet. It took a substantial amount of effort to revise the property. Whoever buys it needs to be a steward.\u201d<\/p>\n

Price also added a new roof and, even in a downpour, it never leaks. The outdoor pool was also revived. A five-car garage is included in the listing, too.<\/p>\n

John Waters<\/strong>, preservation programs manager with the Frank Lloyd Wright Building Conservancy<\/a>, last saw the interior in 2018.<\/p>\n

\u201cIt was definitely needing TLC when Stuart bought it, there\u2019s no question,\u201d he says. \u201cIt looks like he\u2019s addressed a number of things.\u201d<\/p>\n

Waters calls the house an anomaly.<\/p>\n

\u201cThe Los Angeles textiles have a similar use of the blocks, whereas Lloyd Jones has the alternating window-block pattern,\u201d he notes. \u201cSpatially, it\u2019s a fairly unique house, with the large rooms and the tall central space with a living room and clerestory [windows]. The specific way it\u2019s done there is pretty unique.\u201d<\/p>\n

In 1972, the property was added to the National Register of Historic Places.<\/p>\n

While Price had planned to live there, circumstances changed and he put it on the market instead.<\/p>\n

\u201cHe\u2019s really loved owning the property and fixing it up and hosting events there,\u201d Allen says. \u201cNow he\u2019s ready for someone else to take over and be a steward for the property.\u201d<\/p>\n

Priced right?<\/h2>\n

Allen acknowledges the $7,995,000 initial asking price was high\u2014and a year later, it\u2019s a different market.<\/p>\n

\u201cThe price was aspirational,\u201d he admits. \u201cWe were looking for buyers anywhere in the world\u2014whether in Tulsa or regionally, nationally or internationally. It\u2019s not only a Frank Lloyd Wright property but a large one, and only one of six of these textile-block properties. The others are in California and garnered high prices. Unfortunately, this one\u2019s not in California.\u201d<\/p>\n

A similar Wright design in Los Angeles<\/a>, the iconic Ennis House, sold in 2019 for $18 million,<\/a> a record-high price for a Wright home.<\/p>\n

The iconic Ennis House in Los Angeles<\/p>\n

Realtor.com<\/p>\n

Another\u2014the Freeman House<\/a>, also in Los Angeles\u2014was sold in 2022 by the University of Southern California to a private buyer<\/a> for $1.8 million. Similar to the Price\u2019s purchase in 2021, the home needed a major restoration.<\/p>\n

Harriet and Samuel Freeman House in Los Angeles<\/p>\n

Realtor.com<\/p>\n

As for the fate of the Tulsa residence, Allen says the ideal buyer will make the home available for civic use\u2014like Price did.<\/p>\n

He \u201chas raised over $1 million through various fundraisers at that property,\u201d Allen says. \u201cIf we\u2019re going to find a steward \u2026 the buyer is more likely in Tulsa.\u201d<\/p>\n

Waters shares this sentiment.<\/p>\n

\u201cOur first hope for these buildings is they remain as they were designed, for residents who can appreciate them,\u201d he says.<\/p>\n

The post What\u2019s the Deal With Tulsa\u2019s Frank Lloyd Wright-Designed Home? Does Anyone Want It?<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Sage Sotheby\u2019s International Realty With a nearly half-price discount, a Frank Lloyd Wright-designed home\u00a0in Tulsa, OK, is back on the market. The 10,405-square-foot manse was designed in 1929 by the famed architect for his cousin, Richard Lloyd Jones. It was listed last spring for $7,995,000 with Rob Allen, of Sage Sotheby\u2019s International Realty. But a…Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":5056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=5055"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/5056"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=5055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=5055"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=5055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}