A Rare Frank Lloyd Wright-Designed California Home Sells for $22 Million
The ship-like house is the only one of its kind by the architect on the ocean
The ship-like house is the only one of its kind by the architect on the ocean
A significant Frank Lloyd Wright-designed home in Carmel-by-the-Sea, Calif., has sold for its asking price of $22 million, an enormous price per square foot for the area.
The single-storey, roughly 1,400-square-foot property, on a rocky promontory overlooking Carmel Bay, is the only home of its kind completed by architect Frank Lloyd Wright in a coastal environment, according to paperwork submitted for its designation on the National Register of Historic Places. Sitting on a triangular site, the house appears like a ship’s prow growing out of the landscape.
According to the historic places report, the home’s most prominent feature is a hexagonal living room framed in glass panels with panoramic views over the coastline. The three bedrooms are located in wings to the rear of the property, which is shaped like an arrow. Mr. Wright had the lot lowered 4 feet to enable the house to melt into the landscape, the report shows. The house made the National Register of Historic Places in 2016, records show.
The sellers are a group of descendants of the home’s original owner Della Walker, an artist and the widow of Minneapolis lumber executive Clinton Walker. The couple relocated to California in 1904, living there for four decades before Mr. Walker’s death in 1944, the historic places report says. The descendants couldn’t immediately be reached for comment.
The buyer is Esperanza Carmel LLC, records show. The company’s website describes it as a real-estate investment and development firm. It is headed by Patrice Pastor, a businessman and property developer based in Monaco, and owns other significant properties in the Carmel area. A spokesperson for Esperanza did not immediately respond to a request for comment.
Ms. Walker originally wrote to Mr. Wright in 1945, asking him to consider the project, according to the historic places report.
“I am a woman living alone—I wish protection from the wind and privacy from the road and a house as enduring as the rocks but as transparent and charming as the waves and delicate as the seashore,” she wrote. “You are the only man who can do this—will you help me?”
Mr. Wright quickly agreed to work on the project, expressing his pleasure that her letter was “brief and to the point.” In later correspondence between the pair, Ms. Walker wrote to the architect that her daughter had sent her a picture of Fallingwater, the architectural house Mr. Wright had designed in Pennsylvania. “If Mr. Wright did this for a stream, what will he do for an ocean,” she said her daughter wrote.
The original construction of the house, constructed from cedar wood, Carmel stone, steel, copper, concrete and glass, was completed in 1952. In 1956, a studio addition was designed by Mr. Wright for Ms. Walker’s craftwork and weaving at the southeast corner of the building. The plans were eventually used to make way for an expanded primary bedroom in 1960, the report says. The total lot size is around 14,000 square feet and includes a small beach, according to the sellers’ agent.
Canning Properties Group of Sotheby’s International Realty represented the sellers in the deal. Jessica Canning said the home was a rare combination of the ideal setting and architectural pedigree. Though she declined to comment on the buyer, she said the property had sold to the buyer with the very first showing.
“They fell in love with it exactly how it is, right down to the pillows and the books,” she said, noting that all the furniture was included in the sale. “The authenticity and character of it was one of the major draws.”
The property is one of a number of architecturally significant homes that have been marketed for sale in Carmel over the past year. Carmel’s Butterfly House, known for its distinctive Midcentury Modern architectural look, is on the market for $40 million. In July, Brad Pitt bought a roughly century-old home designed by Charles Sumner Greene, a prominent early 20th-century architect known for championing the American Arts and Crafts movement, for $40 million.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Scheduled auctions fall to winter levels as vendors hold back on going to market
Grand final fever and the long weekend have dampened scheduled auction activity this weekend, CoreLogic reports.
The number of homes scheduled for auction this weekend is set to halve, with 1,324 properties listed, marking the quietest week since mid June. Melbourne will experience the quietest week since Easter, CoreLogic data shows, with 223 homes prepared to go under the hammer. In Sydney, 805 properties are expected to go to market, the lowest number in seven weeks.
With long weekends in Queensland and South Australia, numbers are also down in Brisbane (111) and Adelaide (86), less than half the properties available for auction the previous week. It’s a less dramatic drop in Canberra, where 83 homes are scheduled for auction, down -22.4 percent on the previous week.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual