Former DEA Seizure of Arlington Residence Hits Online Auction Block as Stunning 22,000 Square Foot ‘Green’ Mansion

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Once a partially finished home from a Federally investigated Internet drug case in 2008, this exquisitely completed seven bedroom, estate-style mansion in private gated Arlington community, is up for sale on Bid4Assets.com

Bid4Assets.com, one of the leading online real estate auction companies nationwide, today announced that it will auction a four-story, residence in Arlington, Texas. The home is currently in preview on the Bid4Assets Web site at http://www.bid4assets.com/ARTX3. Online bidding begins October 5 – October 7, 2010. This home has a colorful past. In 2008, the home was forfeited to the federal government as a result of an Internet drug case and subsequently purchased by a real estate investor eager to complete it with lavish entertaining options and exuberant living possibilities.

The estate is located at 2324 Panorama Court, Arlington, Tarrant County, Texas. This home is situated in a private gated community surrounded by other estate-style homes. This property is a four-story detached residence and boasts seven bedrooms, eight full bathrooms, four half baths, media room, game room, exercise room, sauna/steam room, four-car garage spaces, five fireplaces, multiple staircases, marble, wood and travertine floors, cast stone accents, full basement with an indoor heated pool and spa, porch and a balcony. There are many 'green' features throughout the home including geothermal heating, cooling and water heating. There are 15,434 +/- square feet of gross living area on the first and second levels and 8,000 +/- square feet of gross living area in the basement.

The home is nestled on nearly three acres adjacent to the greenbelt in the secure Estates of Rush Creek and is located only four and a half miles from the Dallas Cowboys stadium, host of Super Bowl XLV . The mansion is brand new and has never been occupied. In addition to the new Cowboys Stadium, Arlington is best known for the location of the original Six Flags Amusement Park and the Texas Rangers baseball team.

The minimum bid for the home starts at $1,500,000. The seller requires that bidders submit a pre-bid deposit of $50,000 prior to placing a bid. The pre-bid deposit submission is simple and can be completed on the auction listing page on the Bid4Assets Web site. See Web site for details. Buyer's agents are welcome and will receive a 2% commission for bringing a buyer to the auction and completing the sale. Settlement to occur within 45 days of auction's close.

A donation will be made at closing to a Wish with Wings, Inc., a 501 (c)(3) non-profit organization that grants the wishes of Texas children with life-threatening diseases.
Specifications, photos, appraisal details and other information are currently available online at http://www.bid4assets.com/ARTX3.

Interested and qualified parties can contact Jamie Adams, Broker, Adams Real Estate & Company at 817-235-4535 to schedule a tour of the home.

About Bid4Assets, Inc.
Bid4Assets, Inc. (http://www.bid4assets.com) is one of the first to market and most successful online real estate auction sites operating today. Since its inception in 1999, Bid4Assets.com has sold more than 63,000 properties worldwide. The company auctions distressed assets for financial institutions, private individuals and a growing list of federal and state government agencies. Among them the U.S. Marshals Service, the Department of the Treasury and multiple counties nationwide. Bid4Assets.com is a privately held company located in Silver Spring, Maryland.

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JENNY LYNCH

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