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INCREDIBLE AUCTION OPPORTUNITY!

Why settle for an ordinary lakefront lot when you can own the whole point? This nearly 3 acre estate offers the ultimate in lake living. Whether you’re experiencing the thrill of standing on the point or the serenity of strolling the park-like grounds, it is clear that this property affords a lifestyle unmatched at the Lake of the Ozarks. The gently sloping land is partially wooded, artfully terraced and beautifully landscaped. With its private cove setting, channel views and 820 feet of shoreline, it is simply the perfect setting.

Fast Facts

2.9 acre gated point
Cove location with full channel views
10,000 sq. foot home with 7+ bedrooms
Amenities include 2-well dock, pool, fountains, and much more
More pictures, details, documents & terms on this site
Auction: Saturday, May 2^nd at 1:00
One Year Home Warranty paid for by Seller

THE LAKE OF THE OZARKS

Recognized for its year-round beauty and miles of privately owned shoreline, Lake of the Ozarks is known as the Midwest’s premier lake resort destination. It offers world-class boating, fishing, shopping, and dining opportunities. Top notch golf courses, parks, and other recreational activities add to its universal appeal. This stunning property is located just off Highway 54 in the popular Osage Beach area of the Lake.

AUCTIONEER’S NOTE

The trustee’s decision to sell this stunning estate at auction presents you with an extremely rare chance to own a truly unique lake property. We are pleased to be partnering with RE/MAX Lake of the Ozarks for this one-of-a-kind opportunity. There are many excellent choices available to buyers at the Lake, but none can match the combination of location, convenience, acreage, privacy, and exclusivity of this beautiful cove-protected point setting. Whether you choose to keep the lovely home, build your dream home, or even sub-divide, it’s up to you when you are the high bidder. There’s no better time to buy than now and there’s no better opportunity than auction! Join us on May 2^nd if you want to be the fortunate new owner of this remarkable property.

THE HOME DETAILS

MAIN FLOOR

ENTRANCE GALLERY (VERANDA/ARCADE) – Grand entrance through arched portico leads to handmade mahogany/leaded glass doors with matching sidelights and transoms. Mexican stone floor, elaborate tin ceilings with unique ceiling fans. Arched windows and glass doors access the Plaza.

BREEZEWAY KITCHEN/BAR – Entertainer’s dream with lake views on both sides! Situated between the Pool and Plaza, features wrap-around Mexican tiled bar with seating for 8, lake view dining area, professional gas stove by Garland and grill by Firemagic. Dazzling 8x11 mirrored wall mosaic and artful amber glass pendant lighting.

PLAZA/COURTYARD - 26x45 The ultimate party setting overlooks the lake with two-tiered stone fountain in center, brick flooring, and architectural concrete balustrades. Opens to Entrance Gallery and Breezeway Kitchen. Lake access.

WHIRLPOOL AREA – Indoor convenience with outdoor feel. Glass walls overlook the pool and lake. Also accessed from Master Bedroom.

FOYER – 15x10 Marble floors, tasteful faux stone walls, mirrored coffered ceiling, leaded glass entry door with leaded glass sidelights. Opens to dining room, double leaded glass door entry to Main Kitchen, and arched entry to living area.

DINING ROOM – 15x11 Marble floors, tasteful faux stone walls, crystal chandelier, arched pass-thru to Main Kitchen, access to laundry room & apartment. Looks out to Plaza.

MAIN KITCHEN - Stunning channel views. Bleached cabinets, solid surface counters, tile floor, double ovens, side-by-side refrigerator w/paneled front, desk, TV area, wine storage, double sink (overlooking lake) with Moen fixtures and instant hot water tap. Tiled backsplash, tiled island with smooth surface Whirlpool cook top. Arched pass-thru to Dining Room. Informal dining area with double doors to deck.

GREAT ROOM – 25x23 Large arched entry to gracious entertaining and living area with soaring 16’ ceilings, double wall of windows, suspended walkway (3 sides), breathtaking point views, double door access to deck.

FULL BATHROOM – Tiled floors, beautiful “Artists Edition” painted sink by Kohler. Large linen closet.

BEDROOM - Overlooks Entrance Gallery, wonderful built-in window surround bookcase, boudoir chandelier.

MASTER BEDROOM - Elevated box ceiling with ornate ceiling fan set off by heavy wood molding. Crown molding with recessed lighting. Plantation shutters. Remarkable lake views from 2 sides, plus French door access to martini deck.

MASTER BATH – Marble floors and counters, brass fixtures, two-tone maple cabinets, box ceiling with ambient lighting, stained glass windows, large open marble shower with double fixtures, large Kohler jetted tub with handheld spray, his & hers sinks with lighted mirrors, makeup area, low profile Kohler toilet and bidet. Large dressing area with walls of mirror-front closets and additional large walk-in closet with built-in storage. French doors access glassed-in whirlpool room and pool beyond.

UTILITY KITCHEN – Stone floor, range/oven, side-by-side refrigerator, HALF BATH, linen closet, finished and unfinished storage/shelving areas, access to Garage 1.

GARAGE #1 – Divided 2-car, black & white checkered floors, closets, extensive shelving.

GARAGE #2 – Detached extra deep 2-car, attached greenhouse area.

APARTMENT – Living Room, Kitchen, Bedroom and Bath. Accessed from home or by private entrance. Completely updated and perfect for in-laws, staff, or even an office suite.

UPPER LEVEL

CATWALK – Overlooking Great Room. Unparalleled point views in 3 directions.

OFFICE – 20x23 Cherry built-in desk and wall of bookcases. Includes FULL BATH.

BEDROOM/BONUS ROOM - 23x15 Arched ceiling, walk-in cedar closet.

CRAFT/HOBBY ROOM – 20x33 Abundant lighting, built-in desk, extensive cabinets, counters, closets, and storage space. Kitchen area w/double sink, built-in microwave, mini-fridge. TV wall mount. Back stair access to main floor.

LOWER LEVEL

LOWER KITCHEN –Sub-zero refrigerator with cabinet front. Smooth-top Jenn Air cooktop, oven, and icemaker. Maytag dishwasher with cabinet front. Built-in microwave. Solid surface and granite counters, distressed cherry cabinets with unique brass hardware. Eat-in dining area w/fantastic lake views.

FAMILY ROOM – 19x29 Exceptional lake views on 3 sides, dramatic split log stairs and ceiling detail, textured plaster walls with bullnose edging, Mexican tiled floor, access to 2 lake-view patios and dock.

MEDIA ROOM – 16x18 Surround sound, built-in storage and display niches.

FULL BATH

HALL BATH – Unique art niche and claw foot tub.

BEDROOM – 12x9 Built-in bookshelves, wall sconce, lake view, access to hall bath.

BEDROOM – 14x10, lake views on 2 sides, ceiling fan

BEDROOM – 14x10 lake view, ceiling fan

STORAGE/MECHANICAL ROOM – Washer/dryer hookups

GARAGE #3 – 2-car, lake views, built-in cabinets and counters.

DOCK

18x48 cruiser slip
12x36 slip with lift
Concrete deck
Fresh water cleaning station
Storage locker
Lighted ramp

POOL

Lakeside location overlooking both cove and channel
20x35 heated
Large stucco wood-burning fireplace
Terraced brick-paved decks
Lighted side pool with fountain
Stone & wood arborary/pavilion
Outdoor shower

ADDITIONAL FEATURES & NOTES

10,000 square foot custom home with apartment
6 garage spaces plus additional ancillary parking spaces
Security system
Central vacuum system
Elaborate interior and exterior lighting treatments
Lighted art niches
Brick exterior with tile roof
Observation deck leading to dock
Multiple tiled decks and patios with unobstructed cove and channel views
Extensive professional landscaping with irrigation system
2.9 gently sloping acres
Fully equipped playground/park area with lake views
Three beautiful fountains
Impressive gated entry and fenced property line
Magnificent views on 3 sides of property

New to Auction? 4 Quick Tips:

Research the property and auction terms on this website. Be sure to download the “Property Information Package”.
Attend an open house event to tour the property and talk with auction representatives/agents.
Ask questions. Call toll free 1.877.781.1134 or email Sold@CatesAuction.com. We’ll be glad to help!
Come prepared. You’ll need your driver’s license to bid and your earnest money deposit ready if you are the winning bidder.

3 Ways to Bid!

1. Live on site.

2. Live in Kansas City at the Cates office.

3. Live online.

Auction Terms

TERMS AND CONDITIONS:
All information contained in this and other advertisements was obtained from sources believed to be accurate. However, no warranty or guarantee, expressed or implied, is intended or made. All buyers must independently investigate and confirm any information or assumptions on which any bid is based. This property is offered for sale to qualified buyers without regard to prospective buyer's race, color, religion, sex, marital status or national origin. All announcements made at the auction take precedence over any other information or printed matter. Neither the auction company nor the seller makes or has made any representation or warranty with respect to the accuracy, correctness, or completeness of the information, the contents or meaning of the information, or the valuation of the real estate and shall not be held liable. Any decision to purchase or not to purchase the real estate is the sole and independent business decision of the potential buyer. No recourse or cause of action will lie against any of the above-mentioned parties should buyer become dissatisfied with its decision, whatever it may be, at a later date.

CONTRACTS:
The successful bidder must sign all documents and contracts immediately upon conclusion of the auction.

EARNEST MONEY DEPOSIT:
A 5% non-refundable earnest money deposit shall be required of the successful bidder immediately following the auction.

BUYER'S PREMIUM:
A buyer's premium of five percent (5%) shall be added to the successful bidder's high bid and included in the total purchase price to be paid by the successful bidder.

REAL ESTATE CLOSING:
Buyers must close within 30 days of the auction date. Time is of the essence. The entire purchase price must be paid by cashiers or certified check, or wired funds at closing. Upon payment in full of the purchase price, the buyer shall be entitled to a general warranty deed for said property.

REAL ESTATE BROKERS:
A commission of 3% calculated on the successful buyer's high bid, shall be paid (where allowed by law) to the qualified broker who is duly licensed in Missouri, whose properly registered client is the successful bidder at the auction, and whose client pays for and settles on the property by the closing date. A broker shall not be entitled to any commission on account of any sale to entity of which (or of any affiliate of which) the broker is a principal, employee or affiliate, or immediate family member. Brokers must register their prospective clients on the appropriate form by contacting Cates Auction & Realty, Co. The form must be submitted via fax (816) 781-1135 no later than 48 hours prior to the auction date. For Saturday, Sunday, or Monday auctions, the form must be received in our office, no later than 12:00 Noon on Friday prior to the auction date. If a legal entity is the Client, the principals must be disclosed.

AGENCY:
The Auctioneer is acting as agent on behalf of the seller only. During bidding, the Auctioneer has the right to reject any raise that, in his opinion, is not commensurate with the value of the offering. In the event of any dispute between bidders, the Auctioneer's decision is final. Should there be any dispute after the sale, Cates Auction & Realty, Co.'s record of final sale shall be conclusive.

RIGHTS:
All announcements made the day of sale take precedence over any prior written or verbal terms of sale. If any conditions contained here-in are not complied with by the successful buyer, Cates Auction & Realty, Co. may, in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either (a) cancel the sale, retaining as liquidated damages any payment made by such buyer; (b) resell the property without reserve at public auction; or (c) take such other action as it deems necessary or appropriate. The retention of the bidder's deposit shall not limit any rights or remedies of Cates Auction & Realty, Co., or the seller(s) with respect to the buyer's default. If the property is resold, the original defaulting buyer shall be liable for payment of any deficiency in the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages, and all other charges due hereunder.

AUCTION REGISTRATION:
Registration will begin one hour before the sale. To register, a prospective bidder must provide name, residence address, phone number, fax number, social security number, and a valid driver’s license. By registering, a prospective bidder is acknowledging that he or she has read and agrees to be bound by the Terms and Conditions of Sale.

REAL ESTATE SALE CONTRACT:
The successful bidder shall execute a Real Estate Sale Contract (RE Contract) immediately after being declared the winning bidder by the Auctioneer. Upon execution by the Seller, the RE Contract will supersede all printed material and will serve as the governing document for sale of the property. The RE Contract contains an acknowledgment that the purchaser has inspected the property prior to the auction, is relying solely on his/her inspection of the property in making the decision to purchase, and is purchasing the property 'as is, where is'' with all faults and without reliance on any warranty of any kind whatsoever. No changes in the Terms and Conditions of the RE Contract will be permitted. A sample RE Contract is included in the Property Information Package available at www.CatesAuction.com and at auction registration.

FINANCING:
Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. If purchaser cannot obtain financing on the property because he/she cannot fulfill terms or does not qualify, then purchaser must either close for cash within the contractual period or forfeit his/her earnest money deposit.

TAXES:
Taxes are to be prorated between Purchaser & Seller as of the closing date.

Directions/Map

Located in the popular Osage Beach area of Lake of the Ozarks, this property is an easy, pleasant drive from all parts of Missouri and surrounding states.

From Kansas City, MO & points west (approx. 3 hours): US-71S to US-65S to US-54E. Turn west on Lake Rd. 54-63, south on Huntington, and west on San Jose Drive to the front gate.

From St. Louis, MO & points east (approx. 3 hours): US-70W to US-54W. Turn west on Lake Rd. 54-63, south on Huntington, and west on San Jose Drive to the front gate.

From Springfield, MO & points south (approx. 1.5 hours): I-44E to MO-5S to MO-5E (becomes MO-7) to MO-54E. Turn west on Lake Rd. 54-63, south on Huntington, and west on San Jose Drive to the front gate.

From Quincy, IL & points north (approx. 3 hours): US-24W to US-61S to MO-19S to US-54W. Turn west on Lake Rd. 54-63, south on Huntington, and west on San Jose Drive to the front gate.