Absolute auctions require no minimum bid or reserve price and are becoming increasingly popular with buyers and sellers of luxury real estate throughout the world due to their timeliness and transparency. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction. Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well-suited for auction, where bidders set the market value.
“The combination of the scenic grounds, traditional architecture, state-of-the-
Lakeside living at its fullest can be enjoyed whether taking a boat from one of the four slips in two floating docks, playing tennis on the lighted tennis courts, taking a dip in the infinity edge pool with spa, watching children play on the custom playground, or taking in the views on one of the many decks and balconies. With nearly seven hundred miles of curving shoreline, 38,000 acre Lake Lanier offers a myriad of inviting coves and spectacular foliage. Neighboring Thompson Creek Park provides additional privacy for the gated property.
The newly renovated and redesigned home offers the highest-quality architectural features and a spacious open floor plan with soaring windows to take advantage of the waterfront views. Attention to detail is showcased in the luxurious finishes that are found throughout the 5 bedroom, 5 1/2 bathroom main home including custom French doors to balconies, dramatic floor to ceiling stone fireplaces, custom plaster and stone walls, expansive private bathrooms, hand forged iron railings, rustic hewn beams, wood judges paneling, custom stained and distressed interior doors and moldings, handpicked stone floors and paneled ceilings. A gourmet kitchen has been created and features Sub-Zero, Wolf and Asko appliances, custom milled cabinets, granite countertops and splash, mudroom, wet bar, and a butler’s pantry with prep area.
The auction will start promptly at 2:00 p.m. on Thursday, December 13th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Saturday, December 8th, at 11:00 a.m., with preview times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-562-8229. A $100,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid.
Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean. 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, La Jolla, Ca., Naples, Fla. and Vail, Colo. For more information and auction details visit www.GrandEstatesAuction.com.