EL PASO, Texas (KFOX14/CBS4) — El Paso’s historic A.B. Fall Mansion has a new owner after the City Council voted to sell the property during its meeting on Tuesday.
City leaders agreed to sell the mansion to Investor Edge Limited Company for a little more than $840,000.
The mansion was first built in 1907 by Albert Fall, one of New Mexico’s first senators.
RELATED: El Paso puts historic Albert B. Fall mansion on the market amid preservation concerns
The city took over the property in 2006 due to neglect by the previous owner.
About $1.2 million was put into renovations, and the mansion was used for office space up until 2021.
El Paso Inc. reports the city’s Central Appraisal District has valued the mansion at about $1.6 million.
Sign up to receive the top interesting stories from in and around our community once daily in your inbox.