In Phoenix, the Lykes house, one of 14 circular homes designed by Frank Lloyd Wright has been on the market three years and counting. Price has dropped from an asking $2.6 million to $1.6 million and counting.
GUEST BLOG / By Adriana Velez, Realtor.com--Frank Lloyd Wright homes have more cachet than houses built by any other architect. It's no wonder, then, that when Wright homes go up for sale, they get plenty of attention. And, with only 400-some Wright structures still standing, surely these listings must erupt in bidding wars from eager buyers as soon as they hit the market, right?
Wrong. On the contrary, Wright homes tend to sit on the market for years. Often with numerous price cuts!
Why would such a popular and adored architect's homes be so hard to hand off to a new owner? Allow us to shed some light on the dark side of owning a Wright home. Click here for the article.