DENVER, CO — Seven individual vacation homes located in some of the country’s most desirable resort destinations will be offered at auction on March 19th by Sheldon Good & Company, A Racebrook Portfolio Company, America’s leading real estate auction marketing firm.
The one-day auction is part of the Chapter 7 Bankruptcy liquidation of High Country Club — one of the country’s largest members-only destination clubs focused on popular resort markets. Located in premier vacation and second home communities in California, Colorado, Florida and New York City, the residences will be offered at suggested opening bids as low as $150,000 and will be sold absolute, regardless of price. High Country Club originally purchased the properties at prices ranging from $690,000 to over $1 million.
The auction will take place at 1 p.m. MST at the Denver Marriot City Center located at 1701 California Street, Denver, Colorado. Bidders can also participate via a live real time Internet bidding through Proxibid. Those interested in bidding online can call (800) 374-4881 to order the Internet bidding packet and instructions. A request to participate as an Internet bidder must be received no later than March 12, 2010. There is a processing fee of $75 for this option.
“These properties are being sold by a Chapter 7 Trustee on behalf of several secured creditors who are motivated to sell the entire auction inventory,” says Jim MacDonnell, Executive Managing Director at Sheldon Good & Company. “Thanks to locations in some of the most sought-after resort getaways, they are ideal for both second homebuyers who want to purchase a vacation retreat or investors looking to add income-producing properties at auction prices. In fact, several of the homes are currently generating capital in high-demand short term rental arrangements.”
The seven assets, a single-family home, townhome, resort Villa and four condominiums, include:
* A 1,794 sq.-ft. two-bedroom, 2 ¾-bath Villa located at the La Costa Resort and Spa in Carlsbad, CA. Situated just outside San Diego, the furnished home features dual master suites, Spanish satillo tile, plush bedding, gas fireplace, guest suites, multiple entrances separating the master suites from the living room and kitchen and a private patio — all in a Spanish Colonial-inspired building. Homeowners here receive the benefits of a Villa signature membership at The La Costa Resort and Spa, offering access to two 18-hole PGA Championship Golf Courses, seventeen tennis courts, four swimming pools, the 8,000 square-foot Athletic Club with fitness facilities, one of southern California’s premier spas and the Chopra Center for Well-Being,
* A two-bedroom, two-bath condominium at the Grand Sierra Lodge, a four season retreat in the midst of the Sierra Nevada Mountains in Mammoth Lakes, CA. The 1,034 sq.-ft home is fully furnished and situated in a region known for its year-round recreational pursuits, including world-class skiing, trout fishing, kayaking, canoeing and national forests. The Grand Lodge itself boasts an outdoor pool, five hot tubs, three fitness centers and 24 hour reception.
* In the heart of Arrowhead, CO, a furnished 1,305 sq.-ft. two-bedroom, two-bath condominium in the Aspenwood Lodge, a world-class destination surrounded by Beaver Creek, Arrowhead, and Bachelor Gulch ski areas and minutes to the renowned Vail Mountain Ski Resort. The mountain retreat boasts wood floors, vaulted ceilings, a gas fireplace and tremendous views of Arrowhead Village and is walking distance from ski lifts to Arrowhead Ski resort.
* A spacious 2,259 sq.-ft. four-bedroom, 4 ½-bath, furnished single-family home situated on the 2nd hole of the Breckenridge Golf Club and Nordic Center in Breckenridge, CO. Located at Stonehaven at Breckenridge, the home boasts expansive floor-to-ceiling windows to enhance views of the golf course and the beautiful mountain valley and has been designed to exude the charm of a mountain lodge with log beams and leather furnishings. The Breckenridge Golf Club, a Jack Nicklaus designed, 27-hole course, was rated the “Best Mountain Course.”
* A 1,925 sq.-ft. three-bedroom, three-bath townhome situated in Settlers Creek, a popular resort destination minutes from the Keystone Ski Area and adjacent National Forest in Keystone, CO. The home offers high ceilings, an abundance of windows and multiple decks. In addition to world-class Colorado skiing, snowshoeing, hiking, and mountain biking, homeowners enjoy such on-site amenities as a clubhouse with year-round heated outdoor pool and hot tubs, billiards, lounge, and barbeque area.
* A 1,832 sq. ft. three-bedroom, three-bath condominium located in the Villas at ChampionsGate, a 1,500-acre master planned resort community just southwest of Orlando in ChampionsGate, FL. The well-designed furnished home is ideal for families and offers stainless steel appliances, granite countertops, and marble-clad baths with Roman tubs. Amenities include two 18-hole championship golf courses designed by Greg Norman, 35,000 sq.-ft. clubhouse featuring a pro shop, banquet facility and full service bar; David Leadbetter Golf Academy, concierge, fully equipped health club, heated pool with water slide, lazy river and hot tub; volleyball, tennis, basketball, professionally staffed spa, and 24-hour room service.
* A furnished 668 sq.-ft. one-bedroom, one-bath condominium at 1600 Broadway On The Square in the heart of New York City with views of Times Square. Boasting spectacular views of Times Square and the New York skyline, the residence features floor-to-ceiling windows, wood floors, stainless steel cabinets and appliances, granite countertops and washer and dryer. Building amenities include a Rooftop Observatory with fully landscaped terrace, lounge chairs, outdoor shower and lawn. The Club on the Square comprises the entire 4th floor and has a fully-equipped conference center, entertainment lounge with billiards, bar, putting green, virtual golf, and fitness center. There’s also a 24-hour doorman and concierge.
Viewing dates for each of the properties are scheduled for February 6th, 9th, 13th, 16th, 20th, 23rd and 27th, and March 2nd, 6th, 9th, 13th and 17th from 2 p.m. to 5 p.m. locally. A detailed Bidder’s Information Packet has been assembled containing pertinent information specific to each property, the auction, and the Terms of Sale. The Packet is available online for $20. Call (800) 374-4881 to order a Bidder’s Information Packet.
“The purchase of a Bidder’s Information Packet is a requirement to bid,” Mr. MacDonnell points out. “Certified or cashier’s checks are also required to buy.”
For more information, call Sheldon Good’s auction line at 800-374-4881, FAX the company at 303-740-6124 or visit its special website created for this auction at http://www.sheldongood/highcountry.php.
About Sheldon Good & Company
Sheldon Good & Company (www.sheldongood.com) is the nation’s premier real estate auction firm. Founded in 1965, the organization is frequently acknowledged as the innovator and leader in real estate auctions by prestigious publications such as Forbes, Fortune, The Wall Street Journal and others. The firm has sold more than 40,000 properties in all asset classes with sophisticated accelerated marketing programs and superior real estate expertise. Owned by Racebrook Capital, a private equity firm in New York, Sheldon Good & Company has regional offices in New York, Chicago and San Francisco. Sheldon Good & Company has been rated the premier real estate auction company by a number of prestigious financial publications. The company has aggregate sales of over $10 billion.
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