APNewsBreak: Broker reports deal to sell Wright-designed home that was slated for demolition

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A Frank Lloyd Wright-designed Phoenix home that had been slated for demolition will apparently survive under a new owner.

Real estate broker Robert Joffe (JAH'-fee) says the current owners have reached an agreement to sell the early 1950s home to a buyer who wants to preserve and restore it.

Joffe says the property is being sold for the listing price of nearly $2.4 million.

He says the buyer has philanthropic motivations and wishes to remain anonymous.

The home that Wright designed for his son and daughter-in-law went on the market Oct. 22.

The current owners had planned to demolish the home in order to redevelop the 2-acre property. They put the house up for sale instead after the demolition plan stirred controversy, particularly among the architectural community.