In a sad sign of the times there are two FLW houses on the market in LA, and no takers. Ennis House was extensively renovated and listed last summer for $15 million. A year later the price has dropped to $7.5 million. La Miniatura in Pasadena was listed two years ago for $7.7 million and is still on the market, now for just under $5 million. In addition to the final price, buyers need a lot of $$ on reserve for future preservation.
A prospective buyer for La Miniatura would like to move it to Japan, block by block. So get your bid in now.
Via the Los Angeles Times.