• Find a slideshow of Ann Arbor's Frank Lloyd Wright home here.

Less than four months after agreeing to buy the only Frank Lloyd Wright-built home in Ann Arbor - the Palmer House - San Francisco patent attorney Jeff Schox is ready to start renting it out as a high-end hotel.

According to its Web site, the rates on the 2,000-square-foot, 3-bedroom home will be $299 or $399 per night, and $1,999 per week.

Schox purchased the 1951 home for $900,000, after it was originally listed at $1.5 million. It had been on the market for seven months when it was sold by agent Robert Eckstein of Edward Surovell Realtors.

A unique architectural showplace -- with repeating geometrical shapes, angled cabinets and beds, and a separate tea house in the back yard -- the home also has limitations such as narrow hallways and small bedrooms that limited the universe of potential buyers. Restrictive covenants on things like landscaping, furniture and facades also were complications to finding a buyer.

Eckstein had marketed the home locally and nationally. The Palmer House is one of about 30 Wright homes in Michigan.

Schox, who attended the University of Michigan and lived in Ann Arbor, said he first noticed the home while out jogging. At the time of the purchase, he said it would rent out as the most expensive hotel room in Ann Arbor.

The average daily room rate in Washtenaw County in 2008 was just over $90, according to data from Smith Travel Research. Rates at the upscale Bell Tower Hotel on Maynard near University of Michigan Central Campus, and at the Campus Inn on Huron, top out at the $250 range.