Frank Lloyd Wright aficionados who are looking for some income property can hit the jackpot with the Penfield Home, located in Willoughby Hills, Ohio, and situated on the Chagrin River.
The three-bedroom, one-and-a-half-bath home was commissioned by Louis and Pauline Penfield in 1952, the Penfield family said on a website used to showcase the home and its rental availability.
Six months after meeting with Wright, the Penfields received a preliminary sketch of the home in colored pencil.
The home was built in 1955, and is built to take in the view of what is now trees and river bluffs. The home was restored in 2002 using, in part, hardwoods harvested from the trees surrounding the home.
But the Penfield home isn’t the only surprise on the 30-acre property. The last original building site for Wright’s final residential design — Riverrock, is also on the property. Designed for the Penfields in 1959, it remains unbuilt — but the buyer of Penfield and its acreage also gets Lloyd’s plans.
The home was placed on the National Register of Historic Places in 2003. Its features are everything a lover of midcentury modern in general and Wright, in particular, would want — a floating staircase, floor-to-ceiling windows, and spectacular views of nature.
“All of the Wright-designed furniture is included,” Penfield’s website reveals. “The fully functioning radiant-floor heating system is fueled directly by one of two natural gas wells located on the property. There are no heating costs for the house.”
“The kitchen countertop was milled from a tree toppled in a storm 50 yards from the house,” listing agent Karen Eagle said.
And if that wasn’t enough, you (or your guests, depending on whether you keep Penfield for yourself or choose to rent it out as a vacation home) also have the Lake Metroparks Gully Brook Park across the street with its 178 acres of forest, creeks, and hiking trails.
“Since opening to the public, the occupancy rate has averaged over 285 nights per year with increasing reservations annually,” the website said, adding that numerous magazines and publications have featured the home, making it a destination spot for lovers of nature and fine architecture.
The acreage also includes another historic home with two rental units and a cottage, both of which currently have tenants.