Upscale Residences at Popular European-Inspired Community
DENVER. CO – Twelve upscale residences at Flying Horse, a master-planned, residential community located in the northeast corner of Colorado Springs, CO, will be sold during a special one-day real estate auction on May 23, 2010 by Sheldon Good & Company, a Racebrook Portfolio Company.
The homes include eleven single-family residences in The Village of Sonoma — a courtyard neighborhood within Flying Horse — as well as The Residence at Toscano, a magnificent 10,000 square-foot-plus, custom-designed single-family home.
Two homes in the Villages at Sonoma are guaranteed to be sold subject to minimum bids from $395,000 which is up to almost 50% off of the original asking prices, according to Jim MacDonnell, Executive Managing Director at Sheldon Good & Company, the nation’s leading real estate auction firm.
The auction will take place in the Thomas Blake Ballroom at the Club at Flying Horse located at 1880 Weiskopf Point, Colorado Springs, CO. Registration begins at 12 Noon, with the auction commencing at 1PM. Interested buyers can view the available homes during pre-auction Open Houses from 1-3PM on April 25, May 9, May 16 and May 22.
“We have decided to sell these limited number of homes and we are being very aggressive in our approach,” notes Dan Winter, Executive Vice President of Classic Homes, the community’s developer. “This is a one-day opportunity to reduce our inventory, and we urge buyers not to miss out.”
Classic Homes elected to utilize the auction process as the best possible method to accelerate sales of its existing inventory at Flying Horse.
“As a result, we’ve created an extraordinary opportunity for the buying public to enjoy considerable savings by purchasing a luxurious home in an established community at auction prices,” says Sheldon Good’s MacDonnell
“The developer’s choice to use this process is further evidence that in today’s climate, well-conceived and executed real estate auctions can be effective during various stages of a program, from closing out a development to accelerating an existing campaign.”
The eleven residences in the Village of Sonoma include Ranch and two-story designs — two of which are model homes. Included in the offering are two 3,832 square-foot Ceretto ranch designs; two 4,577 square-foot Rutherford ranch designs; a 4,905 square-foot two-story Sequoia, a 5,803 square-foot two-story Baystone, a 4,800 square-foot Oakville and a 3,993 square-foot Fieldbrook floorplan.
Situated directly on the private 18-hole Tom Weiskopf Signature Golf Course, the one-of-a-kind Residence at Toscano estate was inspired by the detailed architecture of the Tuscan Hillside and blends perfectly with its natural surroundings with a stone, brick and stucco exterior façade, and a driveway lined by landscaped retaining walls leading to a formal fountain and covered entryway.
Spectacular interior spaces include a Grand Entry Foyer leading directly to a well-appointed stone gallery. The main living area features a gourmet kitchen, formal dining room and family room, as well as a master-bedroom suite with a lavish master bath, multi-level closet, sitting room, carpeted retreat room and multiple decks. There’s also guest suites, billiards room, home theatre, bar and wine grotto, parlor, chef’s office, children’s game room and outdoor living room and dining area. Outside, multiple covered terraces and decks allow residents to embrace the outdoors and enjoy spectacular views of the Golf Course.
The minimum bid for the estate is $2.6 million — an exceptional value of 41% off of its original asking price of $4.4 million
“The Residence at Toscano represents the opportunity to acquire a unique trophy property in one of Colorado’s greatest settings,” says Mr. MacDonnell. “It’s the ideal situation for those seeking an elegant and graceful primary home or a private vacation or summer getaway.”
Homeowners at Flying Horse receive the added benefit of residing in a community known for its five-star amenities. Members of the onsite Club at Flying Horse enjoy an 18-hole signature golf course and European resort-style Golf Clubhouse, and a world-class Athletic Club and Spa with tennis, aquatics, gymnasium, spa services, family and fine dining, private dining, meeting facilities, fitness training and wine tower.
A detailed Bidder’s Information Packet has been assembled containing pertinent information on the auction, and the Terms of Sale. The Packet is available for $25. The purchase of a Bidder’s Information Packet is a requirement to bid. Certified or cashier’s checks are also required to buy.
For more information, call Sheldon Good’s auction line at (800) 374-4881 or visit the Flying Horse auction website at http://www.sheldongood.com/flyinghorse.php.
For more information on the Flying Horse community, please visit http://www.flyinghorsecolorado.com.
About Sheldon Good & Company
Sheldon Good & Company (www.sheldongood.com) is the nation’s premier real estate auction firm. Founded in 1965, the company has sold over 40,000 properties in all asset classes via real estate auction. Our innovation is widely acknowledged by prestigious publications such as Forbes, Fortune, The Wall Street Journal and others. Owned by Racebrook Capital, a private equity firm, Sheldon Good & Company’s headquarters are located in New York City, with primary offices in Chicago, Denver, Scottsdale and San Francisco — and strategic locations nationwide.
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