Billionaire Ron Burkle sells Frank Lloyd Wright-designed home at record price

The Mayan-influenced home in Los Feliz sold for nearly 3 times more than the previous record

Frank Lloyd Wright, Ron Burkle, and the Ennis House
Frank Lloyd Wright, Ron Burkle, and the Ennis House

Billionaire Ron Burkle has sold a Frank Lloyd Wright-designed Ennis House in Los Feliz for a record price.

The $18 million sale of the Mayan-influenced home was by far the highest paid for the celebrated architect’s creation, according to Variety, which first reported the sale.

The near century-old 5,500-square-foot home in Los Feliz is among Wright’s most famous creations. It was built from 27,000 concrete blocks and has appeared in numerous films, television shows and commercials.

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The buyer isn’t known. The price is nearly three times more than the previous record for a Wright-designed home, the Storer House in the Hollywood Hills. That sold in 2011.

Despite the record, Burkle unloaded the three-bedroom hilltop home with panoramic views of the city at a discount from its original $23 million asking price. It hit the market in June 2018.

Burkle, co-founder and managing principal of the Yucaipa Companies, a private equity firm, bought the property from the nonprofit Ennis House Foundation in 2011 for $4.5 million. The home was in a state of disrepair, bearing the scars of damage sustained during the 1994 Northridge earthquake and subsequent neglect.

Burkle reportedly spent another $17 million over the years to restore the home to its original state. Just before listing Ennis House, Burkle picked up a home formerly owned by comic legend Bob Hope, with similar plans to restore it. [Variety]Dennis Lynch

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