ORLANDO - Worldwide Auction Realty Services will host a global auction on Saturday, Aug. 19 to sell a new Winter Garden equestrian estate that is under construction and designer-ready with 75 percent of work completed.
Lori Chipps (top right photo), lead auctioneer for Worldwide Auction Realty Services, said the four-acre estate is located within the Savannah Ridge equestrian community in Winter Garden near Windermere.
The palatial seven-bedroom home offers 13,044 square feet of living space with 19,760 square feet under roof, and features seven bedrooms, seven full baths and four half-baths, a home theater, a game room, three fireplaces, eight-car garage and an attached 2,000 square foot mother-in-law suite.
The estate was originally appraised for $5.8 million, Chipps said. Current bids to complete construction, including an affinity edge pool, total approximately $700,000. Completion will take an estimated 90-120 days, Chipps added.
The suggested opening bid for the property is $475,000.
“The buyer will be someone looking for a fabulous equestrian estate home at a fraction of what it would cost to build from scratch,” Wanner said, “or a custom home builder or investor who wants to complete construction of the estate and resell it for a substantial profit.”
For a video tour of the Savannah Ridge equestrian estate, go to http://www.youtube.com/watch?v=VFxSZQZzmfg
Bids will be accepted in person, via telephone, and on the Internet. For more information: www.SavannahRidgeAuction.com.
For more information, contact:
Jon or Lori Chipps, Worldwide Auction Realty Services, 800-327-1048, lchipps@wwauctionservices.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
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