In the late 1880s, George Shatto, who at that time owned Catalina Island, began subdividing and selling lots in what would become the city of Avalon. Those lots, depending on location, ranged from $150 to $2,000. (View the original 1886 Parcel Map)
Thirty years later, Catalina Island’s biggest real estate transaction took place, when in 1919 chewing gum magnate William Wrigley, Jr. bought the entire Island, lock, stock and barrel, for $2 million. These days, real estate in Avalon is slightly more expensive.
|
