The historic 74-acre Rosario Resort in the San Juan Islands was sold at auction Tuesday, but the previous owner won't discuss the buyer or the purchase price.
ROSARIO, San Juan County — The historic 74-acre Rosario Resort in the San Juan Islands was sold at auction today, but the previous owner won’t discuss the buyer or the purchase price.
The buyer, who lives in the Puget Sound region but not in the San Juans, beat out 10 other bidders in a live auction that lasted about 40 minutes, said Laurie Cameron, managing director of Olympus Real Estate Partners of Dallas. Olympus has owned the resort since 1998.
Cameron said the buyer has asked that details of the sale not be released yet.
“He loves the San Juans,” auctioneer Bill Vipond said of the buyer. Vipond also declined to release details. “We think he’s going to be a good steward of the land.”
Most Read Business Stories
- 55,000 in Washington state may have to pay back thousands in jobless benefits
- 1 house, 45 offers: Homebuyers in Western Washington hard-pressed as supply remains scarce
- Boeing CEO gave up millions in pay; here's what he and other top execs earned
- Amazon's telehealth arm quietly expands to 21 more states
- Alaska Native group, Neiman Marcus settle lawsuit over coat
Cameron said Olympus wasn’t “nuts about the pricing, but we think it’s fair considering what’s happened in the last 10 days.”
The property’s main attraction is the 25,000-square-foot Moran Mansion, built in 1909 by former Seattle Mayor Robert Moran, who was also a ship builder.
The mansion features Tiffany fixtures, a 1913 Aeolian pipe organ and a Steinway grand piano. The property also includes a 34-slip marina and 28 offshore moorings, plus a conference center, restaurants, a museum and a spa.
It includes 10 buildings with 131 rooms and comes with a plan already approved by San Juan County that will allow the new owner to build 134 luxury vacation condos.