Grand Estates Auction Company Sells Cape Coral Waterfront Estate for Highest Price in 12 Months

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Record-Breaking Winning Bid Achieved Through National Attention Grand Estates Auction Company Garnered for Local Luxury Home Known as “The UPS Mansion”

Record-Breaking Winning Bid Achieved Through National Attention Grand Estates Auction Company Garnered for Local Luxury Home Known as “The UPS Mansion”

Grand Estates Auction Company Sells Cape Coral Waterfront Estate for Highest Price in 12 Months

We were able to attract interest from a large pool of interested buyers throughout the world resulting in this record-breaking sale. Contracts are signed, earnest money is in escrow, and both seller and purchaser look forward to closing within 30 days.

Industry leader Grand Estates Auction Company, with an unsurpassed closing success rate for luxury real estate auctions, sold a magnificent 12,000-square-foot waterfront Italianate mansion in Cape Coral, Fla., at absolute auction on February 10th. The winning bid of $2.64 million is the highest price for a single-family home in Lee County in 12 months. As a result of an intensive international marketing and public relations campaign, the seven-bedroom home featuring breathtaking views from its 138 feet of deep-water river frontage on the Caloosahatchee River generated more than 15,000 unique website visits from 10 countries, received 406 inquiries, and was previewed by over 200 groups in a five-day period leading up to the auction. After approximately 20 minutes of intense bidding among 13 registered bidders, each submitting $150,000 in certified funds, the winner was declared.

“Grand Estates Auction Company specializes in creating comprehensive global marketing campaigns for luxury properties combined with the air of excitement that live auction brings,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “We were able to attract interest from a large pool of interested buyers from throughout the world resulting in this record-breaking sale. Contracts are signed, earnest money is in escrow, and both the seller and purchaser look forward to closing within 30 days.”

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. Recent auctions include the record-breaking sales of an $11 million dollar home in Bay Harbor, Mich., and of a lakefront grand chateau in Grosse Point Shores, Mich., for the highest price in Wayne County in 13 years. For more information and auction details visit http://www.GrandEstatesAuction.com.

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