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Ron Burkle Acquires and Restores Frank Lloyd Wright's Ennis House for $18 Million
Billionaire Ron Burkle bought Frank Lloyd Wright's Ennis House for about $4.5 million in 2011, after it was damaged. He spent up to $17 million restoring it, and it sold for $18 million in 2024.
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What Happened?
Billionaire Ron Burkle bought Frank Lloyd Wright's Ennis House for about $4.5 million in 2011, after it was damaged. He spent up to $17 million restoring it, and it sold for $18 million in 2024.
AI Quick Summary
Ron Burkle bought and restored Frank Lloyd Wright's Ennis House, selling it for $18 million after significant investment.
Key points
- Ron Burkle purchased the Ennis House for $4.5 million in 2011.
- The house was significantly damaged by earthquakes and heavy rains.
- Burkle invested up to $17 million in restoration efforts.
- The fully restored house sold for $18 million in 2024.
- The Ennis House is one of the most expensive Wright-designed homes sold.
Key insights
- Burkle's investment in restoration prevented further deterioration of the Ennis House.
- The sale price reflects the significant restoration efforts and architectural value.
- The Ennis House's restoration sets a benchmark for future historic property sales.
Why it matters
The restoration of the Ennis House highlights the importance of preserving historic architecture.
Tags
Entities
Ron Burkle· PersonEnnis House· LocationFrank Lloyd Wright· PersonLos Angeles· City
Source
Times of India