Auction.com to Auction One of Brighton Beach’s Last Remaining Origional Residences
The three-day online auction begins May 21
Torrance, CA – May 18, 2012 – (RealEstateRama) — Auction.com (www.auction.com), the nation’s leading online real estate marketplace, will auction an oceanfront estate on the Newport Beach coastline. Online bidding opens Monday, May 21 and closes the evening of Wednesday, May 23.
Located at 4549 Brighton Rd. in Corona Del Mar’s exclusive Cameo Shores neighborhood, the property is one of only six in the prestigious neighborhood that still has an original residence to remodel or re-build. The oceanfront estate offers panoramic ocean views of Catalina Island and the renowned Newport Beach coastline
“This property is a rarity in every sense – a coveted oceanfront estate with unmatched views in one the most desirable communities. It’s a dream home,” said Robert Friedman, Auction.com’s chairman and a founding principal. “The auction platform brings transparency to bidding and cuts through the traditional negotiation process, which certainly makes this opportunity even more attractive to potential buyers.”
Many of the home’s spacious living areas – including the living room, master bedroom, dining room, kitchen and courtyard – offer exceptional views of the coast. With a total of three bedrooms, four baths, an office and a three-car garage, as well as private gated access to three secluded beaches, the home offers ample space for family and entertaining. There is also nearby access to Crystal Cove State Park Beach and public hiking and biking trails.
The starting bid is $5.5 million and bidders must pre-register online with a $50,000 deposit at www.auction.com/luxury. There is a 2 percent broker co-op available for agents who pre-register a successful buyer. The listing agents are Marlynn Howe and Patty Presson of Surterre Properties.
About Auction.com:
Established in 1990, Auction.com has pioneered modern real estate auctions and created the nation’s leading online real estate marketplace. It has established a dominant position in its industry by selling more than $12 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers and home builders. Auction.com’s success is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online. Auction.com is headquartered in Irvine, California and has offices in Newport Beach, Dallas, Miami and New York. Visit Auction.com for more information.
