Naples, Fla. (PRWEB) March 15, 2013
Buyers who want an exclusive five-acre equestrian estate just minutes from Old Naples, can name their price. The property, located at 5525 Stable Way in Naples, will sell regardless of price at an absolute auction on March 26, 2013.
Grand Estates Auction Company is offering the classic three-bedroom, 3.5 bath custom Florida home as the only property in Collier County with direct access to hundreds of miles of riding trails. It has a deluxe six -stall barn with tack room, padded flooring, wash down areas, hay room and runways leading out to fenced pastures. In addition, it features a three-car garage, a custom gourmet kitchen, spa-like master bathroom and saltwater pool. The home was built in 2008 and remodeled in 2012, is gated and irrigated, features low taxes and has an agricultural exemption.
“The seller has determined that the best marketing approach for this unique equestrian property in Naples was via an absolute auction,” stated Stacy Kirk Reich, president of Charlotte-based Grand Estates Auction Company. “The traditional listing approach for this type of property wasn’t suitable for this property and on March 26th it will be sold to the highest bidder regardless of price."
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 auction will start promptly at 2:00 p.m. on Tuesday, March 26. Provisions for remote bidding can be arranged. The property will be available to preview beginning Saturday, March 16 at 10 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 $75,000.00 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 http://www.GrandEstatesAuction.com.