Greasewood Flat and Reata Pass, two historic Old West buildings located near Troon North, are in danger of being sold to developers for the purpose of building new homes in Troon. The 43-acre parcel of land that encompasses these two popular haunts is currently in the hands of relatives of the late owner, George ‘Doc’ Cavalliere. Owing $1 million for an estate tax and $1.5 million on a line of credit, the family has been forced to sell the land in order to resolve the debts. However, one other solution has been taken into consideration.
George Cavalliere, son of ‘Doc’ Cavalliere, is the trustee of 120-acres of land located north of Pinnacle Peak Road along 128th Street. By selling a portion of this land to the City of Scottsdale, the family could preserve the site that holds both Greasewood Flat and Reata Pass. Under this new plan, which has only recently surfaced, the city would add the newly acquired land to the McDowell Sonoran Preserve, while the money from the sale would go to paying off the debts owed by ‘Doc’ Cavalliere’s beneficiaries and eliminating the need for the treasured 43-acre parcel to be sold.
Meanwhile, at least four different developers are currently vying for the parcel. These four bidders include Taylor Morrison Homes, Sonora West Development, Jacor Partners and Continental Real Estate Companies. If sold to any of these home builders, Greasewood Flat, a popular restaurant and one of Scottsdale’s few surviving bastions of the Old Western spirit, may likely close in favor of new home construction.
The family has expressed hopes to continue running Greasewood Flat and possibly reopen Reata Pass, which has been closed for some time.
If you are interested in purchasing a home in Troon or any Scottsdale real estate, contact me at (602) 791-0536 to arrange a viewing of homes.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TroonRealEstate.com