River Rd,  Willoughby Hills OH, 44094

(NEW LISTING)
$1,300,000
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MLS# 3931198
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Description for River Rd Willoughby Hills, OH 44094 - $1,300,000
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 Wrightâs final residential commission, Riverrock, designed in 1959 and unbuilt. This completely restored Usonian home features a floating staircase and a 12â 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 Wrightâs vision of organic architecture. Property offers heavily wooded acreage with approximately 600â 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.
Price
$1,300,000
Lake
3931198
NEW LISTING
Description
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 Wrightâs final residential commission, Riverrock, designed in 1959 and unbuilt. This completely restored Usonian home features a floating staircase and a 12â 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 Wrightâs vision of organic architecture. Property offers heavily wooded acreage with approximately 600â 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.
Listing Information
Property Type: Land
29.12 Acres
Public Water Service
Neighborhood
School Information
District: Willoughby-Eastlake
Room Information
Interior Features
3
Exterior / Lot Features
Trees/Woods
Other
Single Family, River Front, Wooded
Driving Directions
From highway - Maplegrove to River Road.
Financial Considerations
31-A-016-0-00-020-0
$9,277
Listing Price History

Willoughby Hills Real Estate

Willoughby Hills is located in Ohio. Willoughby Hills, Ohio 44094 has a population of 9,382.

The median household income in Willoughby Hills, Ohio 44094 is $56,402. The median household income for the surrounding county is $56,809 compared to the national median of $53,482. The median age of people living in Willoughby Hills 44094 is 43.2 years.

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Courtesy: Howard Hanna
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2017 NEOHREX. All rights reserved.
Information is deemed reliable but is not guaranteed.

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