In 2011, a 1957 Ferrari 250 Testa Rossa sold at auction for more than $16 million. Mark McGwire's 70th-home-run baseball fetched $3 million. The dress Marilyn Monroe wore while she sang "Happy Birthday Mr. President" to John F. Kennedy in 1962 netted a cool $1.3 million.
So what would a 6,500 square foot luxury beach block home in Brigantine bring at auction? That question will be answered Aug. 23, when the custom-built 7-bedroom, 5½ bath home will be sold to the highest bidder at a live auction. The minimum bid is $1.5 million.
"It was originally offered for $4.6 million but it did not attract a buyer," says Ruth Carrier of Soleil Sotheby's International, which is sponsoring the auction in cooperation with New York based Concierge Auctions. "The auction option is a way to make something happen now and it's a guaranteed sale. It will absolutely, positively sell on Aug. 23 to the highest bidder."
The 13-room home, three houses from the beach, was built by prominent custom builder Michael Guterman in 2008. Guterman never lived in the house, but according to Carrier, he has rented it out during the summers for $10,000 a week.
Situated in Brigantine's desirable A-Zone, which runs from 15th to 30th streets, the house has an abundance of exquisite design features.
Carrier says Guterman drew inspiration for the lavish three-story rotunda from Tara, Scarlet O'Hara's fictional home in the classic film, Gone with the Wind.
"His vision was to replicate the rotunda where all the bedrooms were in a circle off a central rotunda staircase," she says.
The three-story house has an all stucco exterior, a roof made of Mediterranean style barrel tiles, and multiple porches and balconies with curving wrought iron railings.
Inside, a luxurious kitchen has Viking Professional appliances, Black Uba Tuba granite countertop with a thick butcher block top on the center island, and a granite floor with radiant heat.
All the rooms in the house have radiant heat beneath floors made of porcelain, ceramic, marble, granite, and travertine tiles.
Spectacular ocean views are found from a fiberglass deck with off the master bedroom and another deck off the third-floor rotunda.
An elevator has stops in the kitchen, master bedroom and a third floor guest bedroom. Upscale amenities also include mosaic tile insets in the floors, glass door knobs and solid wood doors.
"The house has an anti wave foundation that will never, ever go off its foundation," Carrier says. "It also has hurricane strength windows throughout. There was no water or damage from Sandy."
Prior to the auction the property will be open for preview Aug. 17 to 22 from 1-4 p.m. says Carolyn McCarthy, Project Sales Manager for Concierge Auctions, a luxury real estate auction firm which has conducted auctions in 25 states and sold over $380 million in properties.
The auction will be held on site by Head Auctioneer Frank Trunzo, who has presided over thousands of auctions over the years. Bidding will begin promptly at 1 p.m. on Aug. 23.
The auction is not open to the general public. Only bidders who out up a $100,000 deposit can attend.
"The deposit will go toward the purchase price if you're the winning bidder," McCarthy says. "If you're not the winning bidder the deposit will be refunded."
The winning bidder must come up with 10 percent of the purchase price by the end of the next business day and the full purchase price – there are no contingencies - is due within 30 days.
McCarthy expects the auction to attract between five and 10 bidders. She says the length of the bidding process varies.
"Some of our auctions take 10 minutes. Some take up to two hours," she says.
McCarthy, who will spend six weeks in Brigantine preparing for the auction, says the event has stirred up a lot of excitement in real estate circles.
"It's something new and different," she says. "It creates a lot of buzz."
For more information on this property, visit BrigantineBeachAuction.com, or call 877-514-7123.
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