The real estate broker marketing a Frank Lloyd Wright-designed Phoenix home that had been slated for demolition said a purchase agreement for the property has fallen through.
Broker Robert Joffe said he'll put the home on the market again for the previously listing price of nearly $2.4 million and contact other potential buyers.
Joffe said the buyer's representatives cited unspecified personal and business reasons for not proceeding with the purchase.
The purchase agreement was announced a week after Joffe listed the home for sale Oct. 22 on behalf of a development company.
The company's representatives have said it wasn't aware of the home's background when it bought the property.
The home dates from the early 1950s. Wright designed it for his son and daughter-in-law.
The structure, known as the Gladys and David Wright House, is one of Frank Lloyd Wright's "red-tile" projects. Only a select few of his designs were designated as such, meaning Wright designed both the interior and exterior, down to every detail.
Joffe said the home needs some work in order to be restored to its original condition.
Copyright 2012 CBS 5 (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.
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