The Priestley family has put their resort at Ucluelet’s tranquil Terrace Beach on the market. (Nora O’Malley photo)

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

A coastal haven owned by the family of ’90s TV star is up for grabs on Vancouver Island.

Terrace Beach Resort, a commercial offering of 21 suites and cabins next to Ucluelet’s world-famous Wild Pacific Trail, was recently listed for $4,495,000.

The Priestley Family — Norma, Lorne and son Jason of Beverly Hills 90210 fame — have been welcoming guests to their vacationer’s oasis for the past 20 years.

“We are selling for simple reasons. We are getting older. Retirement age of 65 is long past,” said Lorne and Norma Priestley in an email to the VI Free Daily.

RELATED: West Coast resorts cautiously prepare to welcome tourists again

Port Alberni-based realtor Dave Koszegi is working with the Priestleys to find the right buyer.

“There is nothing available like it. It’s super unique and it has an interesting storyline with celebrity ownership and stuff,” said Koszegi. Jason Priestley became a teen heart-throb playing the character Brandon Walsh on Beverly Hills 90210.

Koszegi says he’s had a fair bit of interest in the property despite the challenges presented by COVID-19.

“It’s well-priced,” he said. “The inquiries that we’ve had, there have been a few investor/developer type people where normally they’d 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.”

BC Assessment as of July 1, 2020 shows an increase to the value of each strata unit. ‘Unit One’ was valued at $510,000—previous year value was $463,000—for example, and ‘Unit Two’ was valued at $123,000—previous 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.

RELATED: Without Luke Perry, ‘Beverly Hills, 90210’ cast preps reboot

Koszegi said the vacation property has been a popular and well-enjoyed spot.

“Anything on the West Coast, it feels like the day you build it nature is taking it back. I mean, it could use some upgrades,” he said.

Nonetheless, Koszegi adds that owning a resort in Ucluelet is a “world-class opportunity”.

“It’s so international. Europeans will come in the offseason. It’s a small little hideaway place with international draw and that’s the magic there. It’s unlike anywhere else on the Island,” he said.

For more news from Vancouver Island and beyond delivered daily into your inbox, please click here.



nora.omalley@westerlynews.ca

Like us on Facebook and follow us on Twitter

Real estateucluelet

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19 tests come back negative in remote First Nation community

“There are no suspected cases in the community at this time.”

Wildway Farms open for business in Hagensborg

Local entrepreneurs Gwyneth Anderson and Joseph Battensby are hard at work at their new business

Young boy finds mask stolen during recent break-in

Gage Pootlass immediately took the mouse mask back to its rightful owner, Kathleen Booth

Bear gets into garbage at Thorsen Creek Landfill after waste disposed into wrong bin

A grizzly bear accessed garbage that was put in the wrong bin and ended up outside the electric fence

B.C. records new COVID-19 death, 85 more cases; Horgan calls on celebrity help

This brings the total number of active confirmed cases to 531 across the province

B.C. announces multi-year plan to double treatment beds for youth with addiction

This will bring the total number of new beds specific to those 12 to 24 years old to 247 province-wide

B.C. man who nearly died from COVID-19 reflects on one-month battle

Robert Billyard was in an induced coma to ensure his body would not fight the ventilator to breathe

Wedding party bear sprayed at Okanagan campsite irks locals

Latest criminal activity at the Meadows leaves locals frustrated

Paramedics fired for allowing patient to crawl for treatment on Downtown Eastside: court documents

The man spent three days in intensive care and three months recovering in hospital from sepsis

Feds seeking private consultant to design firearm buyback program

The ban covers some 1,500 models and variants of what the government considers assault-style weapons

Face masks for teachers can impact learning on young children, experts say

Face coverings, mandatory in most indoor public places across the province, can help limit the spread of COVID-19

Horvat scores 2 as Vancouver Canucks beat Blues 5-2 in NHL playoff opener

Game 2 in best-of-seven series goes Friday night

Most Read