Rosario Resort on Orcas Island Sold
Orcas Island, WA - Rosario Resort in beautiful San Juan County was sold at auction for $5.45 million. Olympus Real Estate Partners, former owners of the resort, decided to use the auction format for selling the historic property because of the prestigious and unique value of this high end property.
The new owner of the property was not disclosed shortly after the auction, but it was said the successful bidder is from the area, though not the islands, and loves Rosario. According to the Island Sounder News, Deborah Hansen, niece of former owner Sarah Geiser, said the new buyer told her aunt that he thought of himself as the caretaker of Rosario, not the owner. The sale should be a very good thing for Rosario and bring new life to the historic resort on Orcas Island. The property is expected to remain a resort.
For more high end properties for sale in San Juan Island County consider searching for luxury homes with our San Juan Islands WA luxury homes site. For more information on the islands that make up the San Juans also visit San Juan Islands Real Estate.
Jerry Campbell - Muljat Group - Bellingham WA - San Juan County Homes For Sale