Restoration By Joel Silver
By the early 1980s, the house had fallen into a dilapidated condition before being acquired in 1984 for $800,000 by motion picture producer Joel Silver. Silver, who has produced such films as Lethal Weapon, Die Hard and The Matrix, began a restoration project in 1984. The restoration was carried out under the supervision of Wright's grandson, Eric Lloyd Wright, and Martin Eli Weil, past president of the Los Angeles Conservancy. One of the challenges in the restoration effort was to develop a formula to duplicate the structure's concrete blocks. Ultimately, replacement blocks were made using soil from the backyard mixed with cement to conform to Wright's concept of "organic architecture." In addition to restoring the house, Silver also restored the original landscaping and built a pool that had been planned but had not been built. Eric Wright worked with Silver in completing elements included in the original plans. The restoration project won awards from the California Council of the American Institute of Architects and the Los Angeles Conservancy. In 2005, The New York Times wrote that the Storer House "is widely considered the best-preserved Wright building in Los Angeles."
While the house had been put on the market for $1 million in 1981, and Silver purchased it in 1984 for $800,000, Silver put it on the market in 2001 for $3.5 million. After putting "a small fortune" into the restoration and fixing leaky roofs, Silver had difficulty finding a buyer. Reports indicated that a similar home would sell for $1 million, leading Forbes magazine to ask: "Will someone pay a 400% premium to live in a piece of architectural history? Probably not. Even immaculately restored, the Storer House still has drawbacks: It's small, the address is just a shade east of swanky Beverly Hills and the other houses on the hills above invade its privacy." Given the landscaping however, the house has great privacy from all of its neighbors. Silver ultimately sold the house in 2002 for $2.9 million, according to Los Angeles County property records.
Read more about this topic: Storer House (Los Angeles, California)
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