Luxurious Oceanfront Property Up for Auction at $8.75 Million
Exclusive Oceanfront Auction Opportunity
A stunning oceanfront property is soon to be sold to the highest bidder in an extraordinary luxury auction event. This property is prominently located on a beautiful beach, featuring 100 feet of ocean frontage nestled within 0.43 acres of prime real estate. The auction, managed by a reputable luxury auction house, presents a fantastic opportunity for prospective buyers looking to invest in an exceptional piece of coastal paradise.
Property Details and Specifications
The property, which was recently listed for $8.75 million, is going under the hammer at a luxury auction, and it’s positioned to attract considerable interest from buyers. Set on Beach Avenue, this golden opportunity combines breathtaking views of the ocean with the potential to create a grand estate or subdivide it into two equally sized parcels. With a depth of 200 feet, the property offers ample space for creativity in development.
Current Structures
The current development includes a main residence boasting 2,412 square feet, featuring three bedrooms and two and a half bathrooms. In addition, there’s a guest house that spans 1,048 square feet, consisting of two bedrooms and one bath, making it a fantastic arrangement for family or guests. Both living spaces provide stunning views of the beachfront and inviting outdoor spaces for relaxation or entertaining.
Endless Development Potential
One of the standout features of this property is its redevelopment potential. Situated at an elevation of 17 feet—one of the highest points for oceanfront properties in the area—it stands ready for transformation. Whether buyers envision a luxurious single-family estate or aspire to capitalize on the potential of subdividing the land, the opportunities are truly boundless.
Market Comparisons and Rarity
Interestingly, opportunities like this are quite rare, especially in the sought-after area of oceanfront properties. A review of current listings shows that comparable properties are limited, making this auction even more compelling. There are only two other beach parcels for sale, neither of which matches the size or features of this prime piece of real estate. The influx of interest is expected, emphasizing the property's exceptional value.
Convenient Location Near Amenities
In addition to its stunning beachside location, this property is conveniently situated near various dining, retail, and entertainment options. Renowned resorts and golf courses are nearby, providing easy access to leisure activities and community attractions. Prospective buyers will appreciate the vibrant lifestyle that this location offers.
Viewing Opportunities
Prospective bidders are encouraged to schedule property previews, which are available daily leading up to the auction. Engaging with the project manager will ensure that interested buyers can fully experience all the splendid aspects of this luxury property before placing their bids.
About the Auction House
Platinum Luxury Auctions is known for pioneering the luxury auction model in real estate, having built an impressive track record in multimillion-dollar property sales. Their expertise ensures a streamlined process for both sellers and buyers, instilling confidence in the auction approach and reinforcing its effectiveness in achieving optimal sale prices.
Frequently Asked Questions
What is the starting price for the auction?
The property is currently listed with an asking price of $8.75 million and will be sold to the highest bidder at auction.
How can I schedule a viewing of the property?
Property previews can be scheduled by contacting the auction's project manager before the auction date.
What is the total area of the property?
The property spans 0.43 acres with 100 feet of ocean frontage, providing ample space for development possibilities.
Are there existing structures on the property?
Yes, the property includes a main residence with three bedrooms and a guest house with two bedrooms.
What opportunities for development does the property offer?
The property can be developed into a large estate or subdivided into two separate parcels for individual builds, maximizing investment options.
About The Author
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