The Louis Penfield House, designed by Frank Lloyd Wright and built in 1955, has had one owner and sits on a rise overlooking the Chagrin River. The 30 acre property also contains the last original building site and plans for Wright's final residential commission, Riverrock, designed in 1959 and unbuilt. This completely restored Usonian home features a floating staircase and a 12' floor-to-ceiling glass walled living room; offering a panoramic view of the distant bluffs of the Chagrin River, constructed of heavily textured concrete block w/deeply raked horizontal mortar. All of the Wright-designed furniture is included. The fully functioning radiant-floor heating system is fueled by one of two natural gas wells located on the property. The kitchen counter top was milled from a tree toppled in a storm fifty yards from the house. Using material provided by the land furthers Wright's vision of organic architecture. Property offers heavily wooded acreage with approximately 600' of river frontage and is enrolled in the American Tree Farm System. Penfield House has operated as a vacation rental since 2003 and is offered for sale as either a private residence or ongoing tourist destination. Occupancy rate avg. 285 nights annually. Two more income-producing houses are located at site, w three units total; all are currently tenant-occupied. Low taxes, no gas bill, solid business opportunity for investor or Frank Lloyd Wright fan. Land is sub-dividable. Pre-qualified buyers only.
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