Amelia Island Golf Course Estate Offered at Absolute Auction

Oct. 13, 2011 - PRLog -- Charlotte, N.C. (October 7, 2011) -- Grand Estates Auction Company is offering a four-story retreat overlooking the 9th tee of the fabulous Amelia Island Plantation Ocean Links Golf Course on Nov. 3, 2011 at 2:00 p.m.   As an absolute auction, there will be no minimum bid nor reserve placed on this Amelia Island vacation home featuring abundant outdoor living space with expansive ocean views.  

Enjoy all the gated community amenities including three professional golf courses, tennis on one of the Omni Amelia Island Plantation’s 23 shaded tennis courts, gourmet dining, spa, salon and shopping.  Relax or entertain in the four-bedroom, five-and-a-half-bathroom home with custom finishes including gourmet kitchen with professional appliances and wine bar, second-floor great room with sweeping views, covered lanais on all four floors, outdoor kitchen, heated and cooled infinity edge pool with two waterfalls and adjacent spa with waterfall, an elevator that services all four floors, high-tech features including CentraLite Touch Lighting, security system, pet stop system and a three-car garage with golf cart area.

Although it may seem a risky proposition with no minimum price guaranteed, absolute auctions are becoming a preferred option for selling luxury real estate due to the expediency and transparency of the process.  Rather than spending months or years with a traditional listing playing the offer-counteroffer game where sellers are never certain if the next offer will be closer to the listing price, an absolute auction brings a pool of qualified, interested parties into a competitive auction where the home is sold to the highest bidder on that day.  Sellers can be confident that they will receive the best price the market can bear without contingencies or lengthy negotiations.  The true market value prevails.

As a buyer, there are benefits as well.  A comprehensive due-diligence packet is provided, and ample time is allotted for tours and inspections prior to the auction.  Bidding is in an open arena where there is no competitive advantage granted to anyone and the highest bid prevails.  Most importantly, the buyer knows the seller is committed to sell the property and timelines for the purchase and closing are established.

According to the National Auctioneers Association, sales of residential real estate at auction grew by more than 47% from 2003 to 2008.  In 2010, Grand Estates Auction Company saw a 26% increase in sales volume compared to 2009, at a time when national real estate sales were down 27.9%.  These are not properties of owners in distress, rather Grand Estates’ clients often own multiple properties and are looking for a lifestyle change or a means of repositioning themselves in the luxury market.

Viewing of the Amelia Island home begins Sunday, Oct. 30th at 1:00 p.m. and continues through auction day.  A $50,000 certified check or personal check along with a bank letter of guarantee will be required to register to bid on the property.  Provisions for remote bidding can be arranged.

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties ranging from $1.5 million to $10 million.  Established in 1999, the family-owned company was the first of its kind.  The company is based in Charlotte, N.C. with offices in Atlanta,  Dallas, Vail, Co., La Jolla, Ca., and Naples, Fla.  For more information visit http://www.GrandEstatesAuction.com.