Five Exclusive Mountain Properties in North Carolina’s Balsam Mountain Preserve to be Sold in October 15th Luxury Real Estate Auction

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Grand Estates Auction Company to Sell Two Luxury Homes and One Lot at Absolute Auction - No Minimum Bid and No Reserve - and Two Additional Lots at Auction in One Afternoon

Grand Estates Auction Company to Sell Two Luxury Homes and One Lot at Absolute Auction - No Minimum Bid and No Reserve - and Two Additional Lots at Auction in One Afternoon

Five Exclusive Mountain Properties in North Carolina’s Balsam Mountain Preserve to be Sold in October 15th Luxury Real Estate Auction

The award-winning Balsam Mountain Preserve is sought after for its commitment to conservation, guaranteeing homeowners privacy and panoramic views, as well as the abundant amenities the golf, tennis, and equestrian community provides.

Grand Estates Auction Company, the industry leader in luxury real estate auctions, today announced the live auction of five mountain properties in the exclusive Balsam Mountain Preserve golf and equestrian gated community, less than a 40 minute drive from Asheville. The two estate homes and three substantial lots are set amid 3,000 acres of conservation easement, ensuring both privacy and sweeping vistas of the Plott Balsam and Blue Ridge Mountain ranges. Purchase of a property at auction includes membership at the Balsam Mountain Preserve Club, which features a renowned Arnold Palmer golf course, equestrian facilities, a heated pool, tennis courts, and fitness center. Additionally the community offers 30 miles of trails, a private camping site, trout fishing, and fine dining at The Boarding House Lodge. Buyers will be able to name their price on these exquisitely built homes and desirable home sites at a live auction on location October 15th at 2:00 p.m.

“The award-winning Balsam Mountain Preserve is sought after for its commitment to conservation, guaranteeing homeowners privacy and panoramic views, as well as the abundant amenities the golf, tennis, and equestrian community provides,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “With two homes and three lots to choose from, this live auction presents a tremendous opportunity for buyers to name their price on the mountain retreat of their dreams.”

Rustic influences blend with modern convenience in the home at 1345 Preserve Road, featuring spectacular mountain views. Local craftsmanship is evident in the Eastern white pine lap siding, exposed trusses, hardwood flooring, custom tile and ironworks, granite countertops, and cultured stone fireplaces. The open floor plan features a great room with 27-foot exposed beam ceiling, floor-to-ceiling windows showcasing breathtaking mountain views, stone fireplace, and custom cabinetry; a family room with 20-foot ceiling, stone fireplace, and wet bar; dining area with panoramic views; a gourmet kitchen with Thermador Professional appliances and walk-in pantry; and a spacious master suite and two guest suites. Additionally the house has a detached garage with a one-bedroom carriage house apartment, 958 square feet of decks and porches, and a tranquil stone waterfall near the covered porch. The home is fully furnished with Burton James and Harden designer handcrafted furniture.

The modern elegance and contemporary design of the property at 109 Cold Deck Way pays homage to the mountain setting through a mix of materials: glass-enclosed living spaces, white oak floors, stacked stone columns, steel beams, and halogen track lighting. The striking great room features a vaulted ceiling, floor-to-ceiling windows, and a large stacked stone wood burning and gas fireplace; a chef’s kitchen with Sub Zero and Viking Professional appliances, granite countertops and custom Snaidero Italian cabinetry; and a dining area with chef’s pass-through and built-in cabinets. Additionally, the house features a terrace level den with built-in cabinetry and a wet bar; a game room with entertainment system; an expansive1,600 square feet of covered outdoor living areas featuring a stacked stone fireplace; and a large master suite. A carriage house above the carport serves as an inviting guest suite.

In addition to the two mountain homes, three ready-to-build, nearly two-acre lots will be auctioned – one as buyer’s choice at absolute auction with no minimum or reserve bid. Improvements are in place including grading, flat ideal building envelopes, and all three offer incredible wide and long-range mountain views.

Grand Estates Auction Company has an unsurpassed closing rate in the luxury residential real estate auction industry and specializes in creating comprehensive global marketing campaigns for luxury properties. 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 these are well suited for auction, where bidders set the market value.

The Balsam Mountain Preserve auctions will start promptly at 2:00 p.m. on Wednesday, October 15th. Provisions for remote bidding can be arranged. The properties will be available for prospective bidders to preview beginning Saturday, October 11th, at 11:00 a.m., with daily 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 877-376-9560. A $100,000.00 certified check or personal check along with a bank letter of guarantee will be required to register for each home. There is a $15,000 registration fee for each lot. Real estate agents and brokers are fully protected and encouraged to participate.

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $2 million and above throughout North America, the Caribbean, and select international destinations. Based in Charlotte, N.C., the company was established in 1999 and was the first of its kind. Other upcoming auctions include the Ondawa Estate, a historic 37-acre Manchester, Vt., mountain estate, to be auctioned October 7th, and a lakefront grand chateau in Grosse Point Shores, Mich., on October 28th. For more information and auction details visit http://www.GrandEstatesAuction.com.

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