48 Condos on Catalina Sold
Arriving by private plane and yacht, as well as commercial ships, about 80 people participated last weekend in a two-hour lottery sale at Hamilton Cove on Catalina Island.
The lottery, which was planned after more than 3,200 people indicated an interest in buying, resulted in the sale of 48 condominiums priced from $200,000 to $500,000 each, totaling $14 million in revenue.
Hamilton Cove, a project of BCE Development Inc., will have a total of 423 units in six phases when completed. This phase, called “the preview opening,” included 61 units.
Phase 3, with 69 units, is scheduled to open early next year.
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