By . Associated Press . and Daily Mail Reporter . The Chicago-area home where Ferris Bueller's friend Cameron famously 'killed' his father's prized Ferrari finally has a new owner. The 5,300-square-foot house in Highland Park, Chicago, Illinois, sold on Thursday for $1.06 million after five years on the market and several mark-downs. It featured in the iconic 1986 film, starring Matthew Broderick as Ferris Bueller, as the home of Bueller's neurotic best friend Cameron Frye, played by Alan Ruck. Scroll down for video . Five years on the market: This October 4, 2009 photo shows visitors touring the pavilion in the back of the modernist home in Highland Park, Illinois, that was featured in the movie Ferris Bueller's Day Off . Classic: In the 1986 movie Ferris and his best friend Cameron watch in horror as Cameron's father's cherished Ferrari crashes to its death through a glass wall and into a ravine . That scene: At the end of the film Cameron's father's beloved Ferrari crashes into the ravine below . Open plan: The wood and glass home is set in the countryside of Highland Park, Illinois . No movie magic: The house failed to sell for the original price of $2.3 million in 2008. It went back on sale for $1.5 million in 2011 and finally sold for $1.06 million Thursday . Craig Hogan is regional director at Coldwell Banker Previews. He wouldn't say who bought the four-bedroom, steel-and-glass house built on the edge of a wooded ravine. However, Hogan did say that the buyers bought the property, not because of its Hollywood past, but because they love the building. 'At the end of the day, what sold the house was not the notoriety of the property but the architecture. We sold it to a couple who are architecture buffs who want to restore it. Believe me, it was not connected to the movie,' he told Crain's Chicago Business. Cult: The 80s film launched the career of Matthew Broderick (center), Alan Ruck (right) and Sloane Paterson (left) Modern: The glass pavilion was designed to house a collection of four vintage cars . The house, built in 1953 by Mies van der Rohe-protege A. James Speyer, was first put on the market in 2009 listed at $2.3 million. The sleek house featured in a pivotal scene in John Hughes' classic 1986 film Ferris Bueller's Day Off. Frye has a . breakdown in the garage after returning his father's beloved Ferrari but . discovering that hundreds of miles have been added to its speedometer. He then kicks the car repeatedly before sending it crashing through the glass walls into the ravine below. For sale: The luxury home in Illinois  was built in 1953 and has only had one owner . Custom-built: The unique home boasts four bedrooms and the pavilion was added 20 years after it was built . Pedigree: The home, which sits on stilts over a ravine, was designed by A. James Speyer, who was mentored by pioneering architect Ludwig Mies Van Der Roche . After the Ferrari crashes through the glass into the ravine, Bueller tells Frye: 'You killed the car.' The home is on the market for the second time in two years after the owners failed to sell at $1.65 million in 2011. The owners originally put the home on . the market for $2.3million in 2009 but it did not sell and has since . undergone a renovation. It was built in 1953 by architect A. James Speyer, who was mentored by pioneering architect Ludwig Mies Van Der Roche. The glass-enclosed garage, designed by David Haid, was added 20 years later to store a collection of vintage cars. The four-bedroom home has only had one family of owners, according to the Chicago Tribune.
The Chicago home featured in Ferris Bueller's Day Off has sold for $1.06 million .
In the film, it was home to Cameron Frye, Bueller's best friend .
In a classic scene, Cameron has a breakdown and sends father's beloved Ferrari careering through glass windows into ravine below .
The glass and wood home was built in 1953 and has only had one previous owner .
It was originally put on the market for $2.3 million in 2008 but failed to sell .
By . Associated Press . and Daily Mail Reporter . The Chicago-area home where Ferris Bueller's friend Cameron famously 'killed' his father's prized Ferrari finally has a new owner. The 5,300-square-foot house in Highland Park, Chicago, Illinois, sold on Thursday for $1.06 million after five years on the market and several mark-downs. It featured in the iconic 1986 film, starring Matthew Broderick as Ferris Bueller, as the home of Bueller's neurotic best friend Cameron Frye, played by Alan Ruck. Scroll down for video . Five years on the market: This October 4, 2009 photo shows visitors touring the pavilion in the back of the modernist home in Highland Park, Illinois, that was featured in the movie Ferris Bueller's Day Off . Classic: In the 1986 movie Ferris and his best friend Cameron watch in horror as Cameron's father's cherished Ferrari crashes to its death through a glass wall and into a ravine . That scene: At the end of the film Cameron's father's beloved Ferrari crashes into the ravine below . Open plan: The wood and glass home is set in the countryside of Highland Park, Illinois . No movie magic: The house failed to sell for the original price of $2.3 million in 2008. It went back on sale for $1.5 million in 2011 and finally sold for $1.06 million Thursday . Craig Hogan is regional director at Coldwell Banker Previews. He wouldn't say who bought the four-bedroom, steel-and-glass house built on the edge of a wooded ravine. However, Hogan did say that the buyers bought the property, not because of its Hollywood past, but because they love the building. 'At the end of the day, what sold the house was not the notoriety of the property but the architecture. We sold it to a couple who are architecture buffs who want to restore it. Believe me, it was not connected to the movie,' he told Crain's Chicago Business. Cult: The 80s film launched the career of Matthew Broderick (center), Alan Ruck (right) and Sloane Paterson (left) Modern: The glass pavilion was designed to house a collection of four vintage cars . The house, built in 1953 by Mies van der Rohe-protege A. James Speyer, was first put on the market in 2009 listed at $2.3 million. The sleek house featured in a pivotal scene in John Hughes' classic 1986 film Ferris Bueller's Day Off. Frye has a . breakdown in the garage after returning his father's beloved Ferrari but . discovering that hundreds of miles have been added to its speedometer. He then kicks the car repeatedly before sending it crashing through the glass walls into the ravine below. For sale: The luxury home in Illinois  was built in 1953 and has only had one owner . Custom-built: The unique home boasts four bedrooms and the pavilion was added 20 years after it was built . Pedigree: The home, which sits on stilts over a ravine, was designed by A. James Speyer, who was mentored by pioneering architect Ludwig Mies Van Der Roche . After the Ferrari crashes through the glass into the ravine, Bueller tells Frye: 'You killed the car.' The home is on the market for the second time in two years after the owners failed to sell at $1.65 million in 2011. The owners originally put the home on . the market for $2.3million in 2009 but it did not sell and has since . undergone a renovation. It was built in 1953 by architect A. James Speyer, who was mentored by pioneering architect Ludwig Mies Van Der Roche. The glass-enclosed garage, designed by David Haid, was added 20 years later to store a collection of vintage cars. The four-bedroom home has only had one family of owners, according to the Chicago Tribune.
movie Ferris Bueller's Day Off . Classic: In the 1986 movie Ferris and his best friend Cameron into the ravine below . Open plan: The wood and to sell for the original price of $2.3 million in 2011 and finally sold for $1.06 million Thursday classic 1986 film Ferris Bueller's Day Off. Frye has a . breakdown in the garage after returning his father's beloved Ferrari but . discovering home in Illinois  was built in 1953 and has only had one owner . Custom-built: The unique home put the home on . the market for $2.3million in