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Rhododendron Preserve Property Acquisition |
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The Foundation has purchased a critical buffer property on the Preserve made possible by the generous donation from James Lea. The property is approx 1/3 of an acre very close to the driveway entrance to the property on the Seabeck highway. The property contains a 1400 sq ft, 2 br house is excellent condition and a separate 2-car garage with a partially finished mother-in-law apartment above. The property is a critical acquisition as it places ownership of the top of a gully just to the North and East of the Forest Theater. The Rhododendron Preserve committee will develop a plan for use of the property shortly.
The property was listed for sale in March 2010 at an asking price of $234, 000. The price was dropped twice. Our offer of $175,000 was the only offer extended to the buyers and was accepted. The sale closed on August 23, 2010.
Our very great thanks goes out to James Lea for his generosity that made this property purchase possible for the Rhododendron Preserve. Thanks Jim!
Help us further protect this precious resource with a donation to our Rhododendron Preserve Fund.
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