Frank Lloyd Wright home lists in group sale — for $1.5M each

Real Estate

By Hannah Frishberg

Seeking those into mid-century modern and sharing. 

In Phoenix, Arizona, a Frank Lloyd Wright masterpiece is looking for six people to split the deed for $1.5 million apiece. 

Known both as the Norman Lykes House and the Circular Sun House, the three-bedroom, three-bathroom compound was the final home designed by the late architect and was completed in 1967, eight years after his death.

Highlights of the 3,000-plus-square-foot abode include its curved walls, use of Philippine mahogany and a crescent-shaped pool. 

It last sold for $1.62 million in 2019 before hitting the market as a $15,900 rental in 2020. It then went on and off the market for sale, initially priced at $7.95 million, then at $8.95 million and now for the uniquely six-way shared cost of $1.5 million each — or $9 million in total.

“I do think there exists a group of wonderful people who are FLW fans who genuinely want to own a portion of the house with others and work cooperatively to preserve it, update it properly, enjoy it and offer it as a rental for special events or short-term rental,” listing agent Deanna Peters of HomeSmart told The Post, noting that the property is also still available for purchase by a single individual. “We would still sell to one buyer but they should hurry! I already have interest from fractional buyers who love this idea!”

Should the house be sold for split ownership, all buyers will need to “be in place before we close escrow,” Peters clarified, adding that the address will only close one time, and either as a tenancy in common or as an LLC.

Whichever of the two options a group chooses, she has a lawyer on call to help with that paperwork, and she also plans to assist the crew in acclimating to shared homeownership, and the house itself. 

“We will get the group together of all interested buyers and then let them meet each other, get to know who they are going into this exciting venture with and then decide who will be the new owners,” Peters explained. “After that I will prepare a Purchase Contract and the buyers will rent the house for 30 days and do their due diligence. The owner is offering reduced rent to them and will credit that sum back at closing.”