EL PASO, Texas (KFOX14\/CBS4) \u2014 El Paso\u2019s historic A.B. Fall Mansion has a new owner after the City Council voted to sell the property during its meeting on Tuesday. <\/p>\n
City leaders agreed to sell the mansion to Investor Edge Limited Company for a little more than $840,000.<\/p>\n
The mansion was first built in 1907 by Albert Fall, one of New Mexico\u2019s first senators. <\/p>\n
RELATED: El Paso puts historic Albert B. Fall mansion on the market amid preservation concerns<\/a><\/p>\n The city took over the property in 2006 due to neglect by the previous owner.<\/p>\n About $1.2 million was put into renovations, and the mansion was used for office space up until 2021.<\/p>\n The city\u2019s Central Appraisal District has valued the mansion at about $1.6 million.<\/p>\n City records indicated in 2025 that El Paso has spent approximately $2.3 million on the mansion, with $1.3 million allocated to construction, $120,000 for architecture and design, and $45,000 each for testing and inspections. In 2024, $100,000 was spent on roof repairs alone.<\/p>\n Texas Tech last occupied the mansion until 2021.<\/p>\n