DALLAS – Frank Lloyd Wright’s last residential design, the Norman Lykes House, sold for $1,677,500 million at a live, public auction held Wednesday, Oct. 16, in Phoenix. Ariz. Heritage Auctions conducted the sale inside the iconic contemporary home with no minimum starting bid and without a reserve.
Bidding opened at a conservative $750,000 and response from the 19 registered bidders was immediate. The price was quickly bid to $1.5 million before ending at $1.67 million.
“Our unprecedented marketing campaign matched the perfect buyer with the perfect home,” said Nate Schar, director of luxury real estate for Heritage Auctions. “The new owner of the last home designed by Frank Lloyd Wright now owns a masterpiece by America’s most iconic architect.”
The winning bidder does not wish to be identified at this time, but the winning bid came from a man who lives out of state, who plans to keep the home intact and use it as a vacation home.
Also known as “The Circular Sun House,” the iconic, 3,095-square-foot renowned estate is located on more than 1.3 acres on the edge of the Phoenix Mountains Preserve.
The home was sold fully furnished, complete with the original furniture and fixtures Wright designed specifically for this house. It was commissioned by the Lykes family and required eight years to complete.
A hallmark of Wright design, the home was built to embrace organic architecture and take full advantage of the views afforded by its mountainside location. Its curved lines in the home play off the curves of the Phoenix Mountains. Wright designed the home so that the windows would never see direct sun, yet the house would remain flush with natural light.
Heritage’s Luxury Real Estate Auction set a record for the sale of Frank Lloyd Wright’s-designed Sondern-Adler House, located in Kansas City, Missouri for $1 million.