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Closed
- Listed price
- $6,500,000
- Listed Jun 4, 2012
- Sold price
- $5,500,000
- Sold Oct 1, 2013
20,451 sqft lot|1930 Built|484 MLS days on market
199 CHIMES TOWER Rd, Avalon, CA 90704
Property Description
-HUGE PRICE REDUCTION- "The Jewel of Catalina Island" - Zane Grey Estate offers an unrivaled combination of world-class views, historic value and Zen-like tranquility. Located on two of the most premium lots in all of Avalon, this magnificent 22 bdrm/22 ba, 4 fireplaces, trophy property offers refuge from main-stream society. Sitting high above the city, Zane Grey is the ultimate get-away, stands as the gateway to the interior of the Island. However, you still retain access to the international hub of Los Angeles, located just 15 minutes by helicopter or 65 minutes by boat. One of the largest privately owned parcels in Avalon. There is tangible value in this land, and beholding its beauty will captivate your soul. Lot size: 0.57 acres total for both lots. Building area: 8,761 SF. Spacious, top floor Penthouse is a 3 bed, 2 baths, panoramic views. Magnificent Penthouse never has been rented out. Same owners, over fifty years. Current Property Use: Hotel, Under 50 RMS/Single Family Resid
Listing agent: Michael ShehabiDRE #00687760michaelshehabi@yahoo.com, Listing office: M.S.R.E. Brokerage
MLS data updated 10/26/2026, 5:29:06 AM PT
Source: CRMLSMLS #: 12608343
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,500,000
Oct 1, 2013
Available records22012–2013
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90704 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90704 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.