A coastal haven owned by the family of 鈥�90s TV star is up for grabs on Vancouver Island.
Terrace Beach Resort, a commercial offering of 21 suites and cabins next to Ucluelet鈥檚 world-famous Wild Pacific Trail, was recently listed for $4,495,000.
The Priestley Family 鈥� Norma, Lorne and son Jason of Beverly Hills 90210 fame 鈥� have been welcoming guests to their vacationer鈥檚 oasis for the past 20 years.
鈥淲e are selling for simple reasons. We are getting older. Retirement age of 65 is long past,鈥� said Lorne and Norma Priestley in an email to the VI Free Daily.
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Port Alberni-based realtor Dave Koszegi is working with the Priestleys to find the right buyer.
鈥淭here is nothing available like it. It鈥檚 super unique and it has an interesting storyline with celebrity ownership and stuff,鈥� said Koszegi. Jason Priestley became a teen heart-throb playing the character Brandon Walsh on Beverly Hills 90210.
Koszegi says he鈥檚 had a fair bit of interest in the property despite the challenges presented by COVID-19.
鈥淚t鈥檚 well-priced,鈥� he said. 鈥淭he inquiries that we鈥檝e had, there have been a few investor/developer type people where normally they鈥檇 buy a resort and then strata title it and then split it up and sell it off, well [Terrace Beach Resort] is already strata titled.鈥�
BC Assessment as of July 1, 2020 shows an increase to the value of each strata unit. 鈥楿nit One鈥� was valued at $510,000鈥攑revious year value was $463,000鈥攆or example, and 鈥楿nit Two鈥� was valued at $123,000鈥攑revious year value was $112,500.
Constructed in 1999, Terrace Beach Resort is designed to resemble a 1920 fishing village: the central building that houses the main office is built on pilings, with boardwalks that meander the majestic trees to adjoining beachfront cottages. Suites are fully-equipped kitchenettes and many have private decks with hot tubs.
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Koszegi said the vacation property has been a popular and well-enjoyed spot.
鈥淎nything on the West Coast, it feels like the day you build it nature is taking it back. I mean, it could use some upgrades,鈥� he said.
Nonetheless, Koszegi adds that owning a resort in Ucluelet is a 鈥渨orld-class opportunity鈥�.
鈥淚t鈥檚 so international. Europeans will come in the offseason. It鈥檚 a small little hideaway place with international draw and that鈥檚 the magic there. It鈥檚 unlike anywhere else on the Island,鈥� he said.
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nora.omalley@westerlynews.ca
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