Alki Homestead is going on the shopping block; After spending $1.4 million the owner wants out
The saga of West Seattle's Alki Homestead has taken another turn that some might have expected. Owner Tom Lin, after spending more than $1.4 million dollars over the last few years on loan payments, engineering, maintenance, architectural fees, consulting and taxes is calling it quits.
The Homestead, also called the Fir Lodge, was built in 1903 and was declared an historic landmark for the City of Seattle in 1997.
He is putting the now dilapidated building at 2717 61st Ave. S.W. up for sale for $1.85 million. It will be listed with Paragon Real Estate Advisors and the marketing packet is in the process of being prepared.
Lin has tried for years to pursue restoration of the structure which suffered extensive damage in a fire on January 16, 2009. He has hired architects, log building experts, and even gone so far as to enlist the aid of the Washington State Department of Archaeology to help with tax credits. Through dozens of meetings he maintained his desire to restore if possible or rebuild if necessary the building that came to mean so much to people in West Seattle.
But in the end he ran out of time and money to make it happen.