Though summer is over, it doesn’t mean that vacation season has to end. With this in mind, we’re taking a look at resort properties this week that are potential goldmines for both investors and owners who want to personally occupy a getaway home.
Check out United Country’s 4,450-acre resort and residential community in Guanacaste, Costa Rica. Known as Hacienda Pinilla, this stunning property leaves no stone unturned when it comes to the view – with over 3 miles of oceanfront beaches, mountains, pastureland and dry tropical forest areas, you have a visual sanctuary. High-caliber amenities for guests and residents include a spa, multiple pools, fitness centers, tennis courts, a beach club, various restaurants and bars, fitness and riding trails, and for golf enthusiasts, an 18-hole, par 72 professional golf course designed by Mike Young. While we love all of these lavish features, PA is picking his one for its promising investment opportunities – a proven project boasting a strong performance record, this development has attracted heavy-hitters such as J.W. Marriott. Philanthropists may also want to be there on auction day since the net proceeds of the sale go to aid the people of the Guanacaste Province. Auction date is November 15th.
Check it out: www.HaciendaPinillaAuction.com
If you’re looking for somewhere more North to spend your off time, then take a look at Tranzon’s 5,891sf ski resort home in Killington, Vermont. There’s no lack of space or comfort with this property, offering the lucky bidder 3 bedrooms, 4 baths, living room, dining area, kitchen, 2 stone hearths, multi-level decks, detached drive-in storage shed and an attached 3-car garage. PA is picking this one for obvious reasons – it’s prime location in the ski heaven of Killington. Auction Date is October 4th.
Though the summer vacation season is coming to a close, hotels are always in demand for off-season tourists and frequent business travelers. For those who have ever dreamed of commanding their very own hotel or being a key investor, you may want to peruse these properties hitting the auction block.
Check out Micoley.com’s 56,073sf hotel property in Dixon, Illinois. This 89-room building comes with a pool area, dining room with full kitchen and parking for 160 cars. There is also a banquet center owned and operated by a separate party conveniently located next door, practically guaranteeing out-of-town guests from weddings and other formal functions looking for a place to stay. PA is picking this one for its potential – situated in the Enterprise Zone, this hotel is eligible as a candidate for property tax abatement, and no tax on building materials for rehab projects. Auction date is September 15th. Read the rest of this entry »
Spotlight on . . .Craig King
This month we had the pleasure of speaking to Craig King, President of J.P. King Auction Company. A renowned industry leader dealing exclusively with high-end luxury properties nationwide, J.P. King has a stellar success rate of sales utilizing the latest media technology, integrated marketing strategies, and focused attention on the client and their asset. We discussed a variety of topics with Craig including absolute auctions, the use of social media, and the future of luxury properties being sold via the auction route.
PA: J.P. King is regarded as a leader in Luxury Real Estate Auctions. Tell us about how the company earned this place at the top.
CK: J. P. King began selling luxury properties in 1992 with the successful auction of Calumet Horse Farms in Kentucky for $19 million. From there, we were called to south Texas to sell an estate on 3,000 acres, which sold for $8 million, and the rest is history. We have now sold properties in all 50 states and six countries for celebrities such as Barbara Mandrell, former Atlanta Braves pitcher Mike Hampton, Karl Malone and top business leaders. We have sold properties to several of the Forbes list of the wealthiest Americans, including Donald Trump. On our current schedule, we’ll be auctioning the home of country music legend George Jones on July 7th. Read the rest of this entry »
Luxury real estate covers a wide spectrum of properties – the sprawling estate, the posh penthouse, the beachfront mansion, the mountaintop getaway. This week we’re looking at luxury that brings with it the gift of lower maintenance – the palatial condominium.
Check out Tranzon’s 2-bedroom, 2.5-bath Turnberry Place high-rise condo in Las Vegas, Nevada. Located in Tower 4 and boasting an incredible view from the 25th floor, this 2,050sf property provides lavish living space with 2 large patios presenting east-facing panoramic views; a spacious kitchen loaded with Subzero refrigerator, gas cooktop, double oven/microwave and granite counters; master suite with walk-in closet, balcony access and master bath; hardwood flooring; full-size laundry; storage locker and assigned parking. PA is picking this one for its exclusive Tower 4 amenities that include limo service, an exercise room, heated pool with barbeque area, and even something for 4-legged inhabitants – an outdoor pet area. Auction date is August 31st.
Many property owners are still in ‘downsize’ mode due to the turbulent real estate market and sluggish economy. With this in mind, we’re thinking ‘mobile’ – and we don’t mean your handheld device. This week PA is looking at some appealing alternatives to typical residences for both occupants and investors in the form of the tried-and-true mobile home.
Check out Harv Levin, Inc. Auctioneers’ 1800+sf mobile home in Chester, New Hampshire. With 3 bedrooms, 2 bathrooms and a 1.99 acre lot, this property offers convenient and ample living space inside and out. PA digs this one for its more ‘handy’ features, including a basement, garage and shed, perfect for extra room and/or storage. Auction date is August 15th. Read the rest of this entry »
Spotlight On . . .Max Spann, Jr.
This month’s Spotlight On profiles Max Spann, Jr. of Max Spann Real Estate & Auction Company. A renowned presence in the industry for decades, this company deals with all types of real estate nationwide with a focus on the Northeast sector. We spoke to Max Jr. on a variety of topics including online sales, determining marketing budgets and the current market landscape.
PA: How would you describe your organization?
MS: We’ve been in business for over 50 years. My father started it way back when, and we have locations in Manhattan and Northern New Jersey. We basically operate along the entire East Coast, although we have national affiliations to do work across the country as well. We are exclusively oriented towards real estate, and we’re interdisciplinary from the standpoint that we handle every type of real estate including industrial, office, retail, residential, land and development rights. We’ve worked with a diversity of sellers, both private, public, and institutional. We’re considered one of the top auction firms in the nation, and have grown exponentially over the past 10 years. We love this industry and are big promoters of it. We have a staff of some 40 people, and they come from all different, varied backgrounds, which is great for what we offer clients. We have attorneys, bankers, agricultural specialists and former builders. We have a vast variety of disciplines which we all can bring to bear on different projects and different assignments. Read the rest of this entry »