Ron Burkle bought Frank Lloyd Wright’s Ennis House for $4.5M, restored it, then sold it for $18M

Photo credit (L-R): Burkle Foundation and the MLS Billionaire investor Ron Burkle purchased Frank Lloyd Wright’s Ennis House in Los Feliz for about $4.5 million in 2011, roughly 70 percent below its original asking price, after the landmark had been damaged by earthquakes and heavy rains. He then spent up to $17 million on a meticulous restoration that repaired structural cracks, rebuilt decorative concrete blocks and updated mechanical systems. In 2024, the fully restored home sold for $18 million, making it one of the most expensive Wright-designed residences ever sold, according to the Los Angeles Times and Architectural Digest. Read more details about it here:A textile-block masterpiece in Los FelizThe Ennis House sits on a ridge in Los Feliz, overlooking the city from a dramatic hillside site. Designed by Frank Lloyd Wright in 1923 and completed in 1924, it is the largest of his four textile-block houses in the Los Angeles area. The home is built from more than 27,000 interlocking concrete blocks, each cast with a geometric pattern that creates the distinctive Mayan-revival aesthetic for which the house is known.Wright conceived the textile-block system as a way to create beau...