Extraordinary Bay Harbor, MI Estate Sold at Auction for $11 Million - NBC12 - Richmond, VA News

Extraordinary Bay Harbor, MI Estate Sold at Auction for $11 Million

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SOURCE Grand Estates Auction Company

"The Waterfront Jewel of Bay Harbor" sold following successful June 24th auction

CHARLOTTE, N.C., June 26, 2014 /PRNewswire/ -- (RushPRnews) – Grand Estates Auction Company proudly announced the decisive results of another successful luxury home auction this week.  The company's latest winner consists of the sale of a waterfront mansion in the upscale resort community of Bay Harbor, home to the blue/emerald waters of Lake Michigan and the exclusive Bay Harbor Yacht Club.  Once listed for $13.9 million, the property was sold for the highest price ever in Bay Harbor, Michigan this week for $11 million (80% of last list price) following a live competition among twelve properly registered bidders.

The seller stated: "After being listed unsuccessfully for over 18 months with the most prestigious real estate agency in town, we decided there had to be a better way. Doing our own research and interviewing several auction companies, including one associated with Sotheby's, we hired Grand Estates because of their long track record of success and, more importantly, everything they told us was verifiable. Now that the auction is over we're thrilled we chose Grand Estates and would highly recommend them to anyone trying to sell their luxury real estate." Grand Estate's intense six-week global marketing campaign generated over twenty-three thousand (23,000) visits to the Bay Harbor auction detail website in the thirty days prior to auction.  There were one hundred thirty-seven (137) inquiries from across the US and other countries, fifty-two (52) in-person previews/tours of the property, and twelve (12) qualified registered bidders on site or bidding via phone on auction day.

Val Devine, CEO of Grand Estates, said, "Nothing outshines this stunning waterfront home on Lake Michigan. Grand Estates is delighted we could market this dazzling property to the world and especially to our exclusive database of buyers.  The seller is now free to move on to new ventures having gotten full market value of his investment."

The broker of record, Rik Lobenherz of Berkshire Hathaway, stated, "Grand Estates produced a great result for the seller and, when partnered with the right real estate firm, truly delivered."

Grand Estates upcoming luxury property auctions are scheduled in Nashville, TN; Georgetown, SC; and Newtown, CT this summer. For more information in buying or selling a remarkable luxury property through Grand Estates, call 800-552-8120. 

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