Inn Specialist Johanna Welty and Alain
Pinel Realtors are particularly honored to have been awarded the valued listing
for the sale of The Gingerbread Mansion Bed and Breakfast Inn. Not only is The
Gingerbread an iconic California B&B recognized and revered the world over
but even more significant is the property's enduring prestige as one of the
West Coast's most prized, photographed and published 19th century architectural
landmarks. The premier listing of the 32-room Queen Anne mansion -- the pride
of historic "Victorian Ferndale" -- along with its famous manicured
English Garden will attract and interest both aspiring, high-end innkeepers and
serious preservationists around the world.
Originally built in 1899, as a family
residence for Dr. Hogan J. Ring, a Norwegian physician who immigrated to
California, the historic redwood "Painted Lady" with its extravagant
fancywork always as known as "The Ring House" until, almost a century
later, it became The Gingerbread Mansion Bed and Breakfast Inn. The Ring House
continues to represent the most grand of the 19th century "Butterfat
Palaces" of "Cream
City."
Situated along California's
North Coast
within the fertile Eel River Valley,
Ferndale became
an integral part of the state's vast Redwood Empire. But the village's wealthy,
dairy-based economy further distinguished the small, idyllic farm community,
causing it to be nicknamed "Cream
City" -- and its
ornately opulent homes "Butterfat Palaces." And, just as the Redwood
Empire thrived satisfying San Francisco's voracious appetite for valued redwood
timber, so too did Ferndale prosper by supplying the West Coast’s finest butter
and cream to the same illustrious "City by the Bay."
The Property originally known as The
Ring House
In its 1994 publication The
Victorian Homes of Ferndale, The Ferndale Museum discusses The Ring
House and notes that “the original front section of the home is Queen Anne
style with touches of Eastlake.
The house, with its octagonal turrets, balconies, crenellated eaves, trimmed
gables and wooden crested roof tops, is the largest in town with 32 rooms.”
The publication further observes that
the famed Victorian’s construction was quite different from most others at that
time. The foundation was of concrete and a two foot crawl space was allowed
between the first and second floors. Made of redwood, the double wall
construction has some boards 24 inches wide and some of the support beams are
18 inches square."
Serious preservation of The Ring House
began in the 1970s with subsequent owners converting the famed Queen Anne into
the internationally-recognized Bed and Breakfast that it is today. Curiously,
no owner yet has listed this deserving “Painted Lady” on National Register of
Historic Places.
The Bed and Breakfast Inn now known as
The Gingerbread Mansion
With eleven elegantly-furnished,
period guest suites – all equipped with romantic fireplaces, unexpected flat
screens and adjoining handsome private baths --, the 8,544 square foot
Gingerbread Mansion Bed and Breakfast Inn represents one of Northern
California’s largest historic boutique lodgings. The premier,
“Select Registry” property provides guests with many more “public” guest
gathering/common areas than does the industry norm. Gingerbread guests are free
to enjoy two front parlors, each with massive redwood pocket doors and
fireplaces, an afternoon tea room, a handsome library, an opulent dining room
where elaborate, multi-course breakfasts are served overlooking the inviting
English Garden, a well-stocked gift shop and, of course, the formal English
Garden which itself dominates one full town block alongside the Inn. The cool
coastal climate of Ferndale
allows this magical “garden of paradise” to thrive while providing guests a
serene sanctuary -- an idyllic, peaceful haven of solitude and refuge set
within exquisite landscaped beauty.
“Backstage,” the historic Inn sports a
well-equipped commercial kitchen, reservation office, two laundry rooms and a
sprawling, light-drenched, penthouse-like innkeeper/owners’ quarters on the top
floor. This unusually large living space offers exquisite views from an
oversized living room along with a spacious, eat-in kitchen and a roomy bedroom
with adjoining private bath.
The Victorian
Village of Ferndale
Located just 250 miles north of San Francisco, a short stretch off of California’s
famed Redwood Highway
(US 101), the “Victorian Village”
of Ferndale boasts some of the Golden State’s
most treasured 19th century structures. It is an architecturally-preserved
jewel of a town and, as such, is designated as a California Historic
Landmark. Its “Main Street” appears on the National
Trust of Historic Places.
The charming community is nestled
within the Eel River
Valley between the Redwood Highway and the Pacific
Ocean. Its surrounding, fertile agricultural lands are unusually
rich, thanks to centuries of delta deposits from nearby converging Salt and Eel Rivers.
The village was incorporated in 1893 but Euro-American settlement of this flat,
thickly forested, coastal area, choked with towering 6-8 foot tall ferns, began
in 1852.
California’s mid-century Gold Rush attracted
Europeans to this region after disappointing gold field prospecting dashed
early hopes of striking it rich in the "Promised Land." Immigrants
from Swiss and Danish dairy-farming communities brought their expertise and
traditions of small cooperative creameries to lay the foundation of what was to
become the Valley’s booming dairy industry. By 1890, several creameries had
opened within a five-mile radius of Ferndale,
and the town soon became known as “Cream
City.” Its butter was
rated the best in the state; its opulent residences – veritable “Drama Queens”
-- became known as “Butterfat Palaces.”
Today, the Victorian Village of
Ferndale parades an ultra-friendly, old-time, small-town atmosphere. Its
invigorating coastal climate and magnificent array of preserved 19th century
architecture welcome and reward visitors from near and afar. Ferndale also
is the gateway to California's mysterious
"Lost Coast" and the State's majestic
Redwood forests.
Concerning “List Price”
As with the sale of all real estate,
it is the Seller, not the Realtor, who establishes list price. In this
instance, the Seller chose to set an unusually low list price in order to
attract the most market interest from preservationists and aspiring innkeepers
alike. The Seller's list price of $924,900 represents an unusually low
$108/square foot. This is unheard of, particularly in California, a state where real estate values
traditionally are known to be high.
The list price also is far below the
today’s market average for similar-sized, Northern California Bed and Breakfast
Inns. Many of these other Inns have not been awarded the Gingerbread’s
prestigious “Select Registry” designation that distinguishes only the finest
boutique lodgings.
The listing agent, a Northern
California Inn Specialist, originally proposed a list price of $1,850,000,
based on other Northern California
"active" inn comps. Recently, an extremely conservative “replacement”
cost estimate came in at $1,520,000 but did NOT include the antique furniture,
other furnishings, fixtures or equipment. The sale of this 8,544 square foot,
32-room, historic Bed and Breakfast will include all furnishings, with many
furnishings antique.
In truth, the “replacement/reproduction”
cost for The Gingerbread Mansion is priceless. The skilled craftsmen and
talented artisans capable of creating such a three-story, Gingerbread
confection no longer exist. The Gingerbread
Mansion, simply-stated,
represents an invaluable antique architectural relic, patiently awaiting a new
owner who has the appreciation, respect and willingness to care for such a
treasured Victorian masterpiece. The ideal Buyer, of course, would be one
similar to the prestigious, exclusive men's club, The Ingomar Club, that
wisely acquired -- and continues to magnificently maintain -- the celebrated
Queen Anne style Carson Mansion in nearby Eureka, California.
Important Disclosure
The Gingerbread Mansion
is now Bank-owned. The Seller, therefore, has no legal obligation to provide
disclosures of any kind to Buyers. This is similar to a Probate Sale where the
Seller has never occupied the property and, therefore, has no direct knowledge
of the property to disclose. Therefore, 400 Berding Street in Ferndale will be sold “As Is” and without
business financials. For further information on this matter, please contact the
Listing Agent.
A Final Word
The tradition of Bed and Breakfasts
harks back to Europe but took strong hold in the United
States during the 1980s, following America's
bicentennial and associated interest in preserving our Nation's architectural
heritage. The Gingerbread Mansion represents one of the "purest"
B&Bs in the Golden
State. Its structural
honesty and undeniable value as a historic Victorian architectural treasure
combined with its three decades of serving international guests in the
"traditional" European Bed and Breakfast manner make The Gingerbread
a California
icon and a hospitality opportunity within a class of its own.