Lake Michigan Waterfront Estate to be Sold at Absolute Auction on November 18th by Grand Estates Auction Company
“The meticulous attention to detail, resort-like amenities, abundant entertainment space, panoramic views, and proximity to Chicago and Milwaukee make this an extremely desirable property.
Racine, Wis. (PRWEB) November 04, 2014
One of the finest lakefront properties in the 300-year-old community of Racine, Wis., will be sold at absolute auction with no minimum bid and no reserve on Tuesday, November 18th, at 2:00 p.m. CST by Grand Estates Auction Company. Centrally located between Chicago and Milwaukee, the elegant estate sits on the western shore of Lake Michigan and offers more than 2,000 square feet of outdoor living and entertaining space, a private sandy beach, breathtaking views from every room, exquisite finishes and architectural details, and state-of-the art systems throughout the home.
“This lakefront property is extraordinary and presents an incredible buying opportunity,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “The meticulous attention to detail, resort-like amenities, abundant entertainment space, panoramic views, and proximity to Chicago and Milwaukee make this an extremely desirable property. Interested buyers should come ready to bid on this magnificent Lake Michigan waterfront home, as it is going to one lucky bidder on November 18th.”
The open and airy lakeside home features five bedrooms, five full bathrooms, one half-bathroom, formal dining and living rooms, and a private office. It is well suited for both family relaxation and entertaining with a custom-designed gourmet kitchen featuring commercial grade appliances including double ovens, two warming drawers, two microwaves, refrigerator drawers, icemaker, three sinks, and three dishwashers, as well as a butler’s pantry with two refrigerators and a freezer, and a wine cellar with temperature/humidity controls, alarm, wet bar and more professional appliances. Resort-like amenities include a custom infinity salt water pool and spa, and a covered loggia with grill, fireplace, television, in-ceiling speakers, and a custom system of automated screens and shutters that can transform the outdoor space into an interior space at a touch of a button. Architectural design elements include high ceilings, six fireplaces, original walnut wood flooring, Colonial mouldings, intricate carved doors from a Spanish monastery, French paver bricks, and beautifully appointed rooms. A master suite with his-and-her bathrooms, in-floor radiant heat, and a whole house AV system are among the many attributes the new owners will enjoy.
In the historic community of Racine, you can enjoy the neighborliness of a small town, yet be within commuting distance of Milwaukee and Chicago. Not just a charming lakeside town, Racine has cultural significance as well: Racine is the home to many architectural gems created by Wisconsin native and renowned architect Frank Lloyd Wright. Offering delightful shopping and dining, an array of live entertainment, cultural events, museums, a historical lighthouse, and a zoo, not to mention lakeside living, Racine has something everyone can enjoy.
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 this are well suited for auction, where bidders set the market value.
The Racine auction will start promptly at 2:00 p.m. on Tuesday, November 18th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Friday, November 14th 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 to bid. 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. 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.
