Preservation: Saving the Sheriff
By: TW Editors 07/01/2007
A Grey Area
FOR SALE: Hilltop property on SoCal island. Magnificent views of the ocean and nature preserve. Hopi-style architecture built in 1926, now used as inn. $16.9 million. All offers welcome.
Okay, so the price tag seems a little high—but hey, this is California's Catalina Island, which means location, location, location. Oh, and incidentally, the house was built by famed Western writer Zane Grey, an avid fisherman, who found Catalina a perfect base for deep-sea expeditions.
For the past 30 years, the building has been the Zane Grey Pueblo Hotel in the resort town of Avalon. But the owner wants to get out of the business. The real estate broker says the price is negotiable, and he would like to find a buyer who’ll keep the place. But developers are showing interest in the site, and there’s no guarantee that they’ll preserve the building.
The property is a half acre, so there’s room to build some condos without tearing down Zane’s place. At this point, the whole deal is in a grey area. 310-510-0966
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