Sellers of luxury properties in resort communities like Bay Harbor are increasingly turning to the auction process as they try to distinguish their property in the marketplace. This stunning home will be going to one lucky bidder on August 25th.
Bay Harbor, Mich. (PRWEB) August 05, 2015
Interested buyers will have the chance to name their price on a magnificent seven-bedroom Bay Harbor luxury estate offering spectacular views of the fairways of The Bay Harbor Golf Club’s The Preserve Course. The lodge-inspired home, which is surrounded by emerald golf course views and mature forests, will be sold at a live absolute auction on Tuesday, August 25th, at 2:00 p.m. CDT by Grand Estates Auction Company with no minimum bid and no reserve. Immediately following, the adjacent buildable lot, also positioned on The Preserve golf course, will be offered for sale at a separate absolute auction.
Nestled on the shore of Lake Michigan, Bay Harbor is a prime destination for residents and vacationers alike, and is one of Michigan’s most exclusive waterfront communities. Golfweek Magazine has declared that “Bay Har¬bor Golf Club is one of the most picturesque golf sites in the country ... maybe America’s most diverse collection of holes.” Spectacular golfing at the Bay Harbor Golf Club, often called “The Pebble Beach of the Midwest,” boating, tennis, dining and special events at the Bay Harbor Yacht Club, horse¬back riding at the Bay Harbor Equestrian Center, and shopping, fine and casual dining at The Village of Bay Harbor are just a few of the reasons why Bay Harbor is one of Lake Michigan’s most desirable waterfront communities.
“Interested buyers should come ready to bid on this amazing buying opportunity,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “Sellers of luxury properties in resort communities like Bay Harbor are increasingly turning to the auction process as they try to distinguish their property in the marketplace. This stunning home will be going to one lucky bidder on August 25th.”
The beautiful gated-community residence features seven bedrooms, each with en-suite bathroom; a light-filled great room featuring a wall of windows with panoramic golf course views; an award-winning custom-designed gourmet kitchen; formal dining room with coffered ceilings; office with fireplace, wet bar, and private patio; game room with fireplace and fully equipped kitchenette; climate-controlled wine cellar; and three-car heated garage. Attention to detail and architectural design is witnessed in the cherry hardwood floors, sweeping floor-to-ceiling windows, Dutch-made cabinetry, cherry paneled walls, four fireplaces, and custom millwork throughout the home. An Avio smart home system, snow-melt heating systems on all patios, and elevator access to all levels are among the home’s state-of the-art systems.
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, comprehensive due-diligence packets are available on each of the properties, and ample time is allotted for tours and inspections prior to the auctions. 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 property will be available for prospective bidders to preview beginning Friday, August 21st at 11:00 a.m., with daily preview times scheduled through the date of the auctions. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 800-552-8120. A $100,000.00 certified check, wire, or personal check along with a bank letter of guarantee will be required to register to bid on the home. A $25,000.00 certified check, wire, or personal check along with a bank letter of guarantee will be required to register to bid on the buildable lot. Registration fees from the estate auction can be transferred to the buildable lot auction, providing the funds are not being used as a deposit on a purchase. Real estate agents and brokers are fully protected and encouraged to participate. 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 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 sale of an $11 million home in Bay Harbor, Mich., and the sale of a $5.885 million home in Lake Geneva, Wis. For more information and auction details visit http://www.GrandEstatesAuction.com.