Louella Day MacConnell dies in a car accident on June 23, 1927. On August 15th Walter B. Fraser purchases the Fountain of Youth properties from Edward McConnell for $100,000 (2017 value of $1,406,816). Much to the chagrin of the St. Augustine Historical Society and Scientific Institute, Mr. Fraser maintained the property as an attraction to educate the public about Juan Ponce de Leon and the Fountain of Youth. Mr. Fraser believed in the historical traditions of the property and sought to secure this site’s rightful place in American history.