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Exquisitely furnished custom home on exclusive gated island at Lake of the Ozarks! Features 6 BR, 6 BA, media room w/full bar, custom pool w/waterfall, sunroom, 2 huge decks, and much more. Unbeatable views and luxurious living! Bids due: 7/17/08

LIVE ON-SITE AUCTION
Began: 07/17/08 at 5:00 PM MDT
INSPECTION
Began: 06/28/08 at 1:00 PM MDT
Ended: 06/28/08 at 4:00 PM MDT

INSPECTION
Began: 07/05/08 at 1:00 PM MDT
Ended: 07/05/08 at 4:00 PM MDT

INSPECTION
Began: 07/12/08 at 1:00 PM MDT
Ended: 07/12/08 at 4:00 PM MDT


Auctioneer’s Note: This is truly a one-of-a-kind auction opportunity to own a luxurious lake front home in the coveted Porto Cima area of Lake of the Ozarks.  We are privileged to offer this exceptional property and contents to the public by sealed bid auction.  I personally invite you to tour the home during an open house and submit your best bid by Thursday, July 17th.  Visit our website for details and call if you have questions.  Don’t miss this one!


MAIN FLOOR  — The main floor offers views of the water from both the front and rear of the home.  High ceilings, tiled floors, arched windows and transoms, and custom window treatments throughout give a decidedly upscale feel.  Beautiful furnishings, quality fixtures, and well-chosen appointments reinforce the luxury of this home.

Foyer: 18’ ceiling, sweeping staircase with channel and cove views

Gathering or Dining Room: (15×14) Bay window and recessed lighting.  Furnishings include unique stone table with water feature, 4 swivel chairs, contemporary sculpted paper floor lamps, and shag area rug.

Office/Library: (12×14) Double doors with arched transom, grass cloth wall covering

2-Story Great Room: (18×17) Arched windows with custom treatments frame breathtaking main channel views. Gas fireplace with marble surround.  Unusual double ceiling oscillating ceiling fan.  Furnishings include sectional sofa with slate tiled occasional tables, area rug, Sony 46” widescreen TV w/components including Denon Multi-Room Entertainment System. (Wired for surround sound.)

Laundry Room: (6×9) Cabinets, sink, and Frigidaire commercial heavy duty washer and dryer set

Hall Bath: (6×5)

Kitchen: Cherry-toned bead-board cabinets and granite counter tops warm the kitchen.  Irregular island with granite top and matching soffet, smooth surface Amana cooktop and seating for 4. Bay window with beautiful views and access to screened porch/deck. Amana stainless steel appliances include microwave, dishwasher, side-by-side refrigerator w/in-door dispensers, double/convection oven.

Breakfast Area: (15×11) Double doors lead to main deck overlooking the channel. Granite-topped L-shaped buffet w/built-in wine cooler.  Furnishings include glass/iron table and 6 leather/iron chairs, 4 matching counter stools, area rugs.

Screened Porch: (10×18) Slate floor, wicker ceiling fan, access to kitchen and main deck.

Master Bedroom: (15×16) Beautiful lake view through wall of windows with electric room-darkening shades, tray ceiling with recessed lighting, tropical ceiling fan, private balcony.  Furnishings include king-sized oak bed, wicker & bamboo armoire/nightstands.  Master bath has his/her vanities, tile/glass shower surround with 5 spray heads, Lasco corner jetted tub, large walk-in closet with lots of built-ins.

Deck: 30’ wide with Philly blue slate flooring.

3-Car Garage 

UPPER LEVELThe upper level of the home is an oasis for family members or guests to enjoy spacious, well-appointed bedrooms and bathrooms.

Bedroom 2: (12×14) Lake view (cove), vaulted ceiling w/ceiling fan, double closets.  Hollywood bath connecting to bedroom 3. Furnishings include 5-piece wood/wicker bedroom suite w/queen size bed. 

Bedroom 3: (15×20) Ceiling fan, oversized walk-in closet. Hollywood bath connecting to bedroom 2. Furnishings include 4-piece oak children’s bedroom suite with bunk/desk/chest unit.

Bedroom 4: (12×13) Stunning main channel lake view, ceiling fan, large walk-in closet, private bath.  Furnishings include 3-piece iron/glass bedroom suite with queen size bed. 

LOWER LEVELThe lower level is the ultimate entertainment destination, with a full home theater, bar, pool access, fantastic views, and plenty of space to party! 

Bedoom 5: (17×14) “On the water” view, ceiling fan, double door entry, Hollywood bath with connecting to bedroom 6.  Furnishings include 6-piece aluminum/wicker bedroom suite with queen size bed.

Bedroom 6: (13×12) Ceiling fan, Hollywood bath connecting to bedroom 5, huge walk-in closet

Media Room: (20×20) Enjoy the lake views or close the room-darkening shades for a full theater experience.  Built-in 100” filmscreen (Stewart) with black granite tile surround. Onkyo components include 6-disc DVD player, AV amplifier/receiver, and 6-disc CD changer.  “Monster Power” HTS 2600 Home Theater Reference PowerCenter, Runco projection.

Lounge/Entertainment Area: (21×24) Incredible lake views, 15’ full service 2-level bar (refrigerator, dishwasher, sink, lots of cabinets), gas fireplace with black granite tile surround, access to lower deck and pool. Furnishings include 8 brushed steel/upholstery bar stools, brushed steel/glass game table, leather sofa & love seat, occasional tables, area rugs.

Half bathMultiple storage areas

Pool: (15×30) Custom pool with “negative edge” waterfall feature.  Slate tile deck, 3 life-size hand-made steel palm trees, environmental lighting, power operated cover.

Deck: Covered deck with Philly blue slate flooring 

Additional Features & Notes:  Brick, stone & stucco exterior; 5,637 sq. ft. (approx.); 114 ft. waterfront; Security System; Built in 2003; Custom pool with slate deck and “negative edge” waterfall; Stained, stamped concrete drive; Professional landscaping 

Furnishings and electronics are included in this sale with the exception of the modular sofa grouping in media room, office furniture, dolphin sculpture, personal and memorabilia items. 

Dock Opportunities:
  • Slips available in community dock (cove side)
  • Room to place your own dock (channel side)

LAKE OF THE OZARKS — Recognized for its 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.  Grand Pointe Island is perfectly situated near the famous Lodge of the Four Seasons and a short drive from the Lee C. Fine Regional Airport.  Accessed from a gated 250-foot Venetian-style bridge, it is truly an address of distinction. 


Sealed Bid Auction Terms and Procedures Overview:
Sealed bids require signed auction contract, 5% deposit, and Bid Certification form.  Forms and instructions available at www.CatesAuction.com. Conforming bids due by 5:00 p.m. (CST), July 17, 2008.  Deliver to Cates Auction & Realty Co., Inc., 1440 Iron Street, North Kansas City, MO 64116. Property sells as-is, free & clear of liens. 7% buyer fee. Taxes prorated to closing; seller provides title insurance. Property Information Package and complete terms & conditions available at www.CatesAuction.com.

 

Sealed Bid Auction Procedures & Terms 

On Thursday, July 17th, 2008, Cates Auction & Realty Co., Inc. will auction the property and contents located at 11 Grand Pointe Island, Porto Cima, MO 65079 via sealed bid according to the terms and details provided in this Property Information Package. 

SEALED BID AUCTION FORMAT: This is a sealed bid auction.  To bid in the auction, your written sealed bid must be received by 5:00 p.m. (CST), Thursday, July, 17th, 2008 and should be delivered to Jeff Cates, Auctioneer/Broker, Cates Auction & Realty Co., Inc., 1440 Iron Street, North Kansas City, MO 64116.  Conforming bids must be made on the Purchase & Sale Agreement included in this packet and must include a completed “Sealed Bid Certification” form along with an earnest money deposit as described below.  Bids that are received after the deadline may not be eligible for consideration and may be returned to the sender unopened.  All bids must have a complete return address on the outside of the envelope.

 

BIDDER’S INFORMATION MATERIALS:  Certain information has been supplied to prospective buyers to assist in consideration of the property.  Property is being sold on an AS IS, WHERE-IS basis and Seller makes no representations or warranties except as described in the Purchase & Sale Agreement.  It is the bidder’s responsibility to inspect the property prior to bidding to make their determinations as to the use and condition or seek professional inspection of the property.  All information is taken from sources deemed reliable, all measurements are approximate and not to scale.  Bidders must independently verify any and all information supplied, and the Seller, Broker, Auctioneer, and Brokerage Companies are not responsible for any omissions, incorrect information, or opinions of third party experts and consultants. 

CONSIDERATION OF BIDS BY THE SELLER:  All bids are subject to Seller acceptance on or before seven business days following the Sealed Bid Auction Deadline.  Bids must remain irrevocable by the bidder during this period.  During the 7-day consideration period Seller has the right in its sole discretion to reject any or all bids, counter or request best and final bids.  All bids rejected by the Seller during this period will be returned to the bidders along with accompanying deposits.  Failure to notify the bidder does not constitute acceptance or rejection by the Seller, but converts the bid to a revocable offer.  Seller agrees that no negotiations shall take place with parties other than the participants of the sealed bid program during the consideration period.  Written notification of final approval or rejection will be provided to the high bidder immediately following a decision. 

BUYER’S PREMIUM:  All sales at auction shall provide that each purchaser pay a buyer’s premium equal to 7% of the high bid.  This amount shall be added to the final bid and inserted in the Purchase & Sale Agreement to determine the total sale price. (High bid + BP = sale price).  See the Purchase & Sale Agreement for details. 

 

EARNEST MONEY DEPOSIT, TERMS & CLOSING:  Each bidder shall make a non-refundable earnest money deposit equal to 5% of his/her total contract amount.  Deposits must be in the form of a cashier’s check made payable to Thomson Title Company.  The auctioneer will hold these down payment checks during the consideration period until a successful bidder is chosen, and upon notification of the successful bidder, the Auctioneer will deposit the successful bidder’s check in escrow.  (Checks and agreements will be returned to all non-winning bidders as described above.)  The balance of the purchase price is due at closing.  Financing is not a contingency of sale in this offering.  If purchaser cannot obtain financing, then purchaser must either close for cash within the contractual period or forfeit his/her earnest money deposit.  Taxes will be prorated to closing.  The Seller is providing the seller’s title insurance policy.  The buyer’s title insurance, if needed, will be at the buyer’s expense.

 

AGENCY DISCLOSURE:  Cates Auction & Realty Co., Inc. “Auctioneer” and all licensees employed by or associated with Cates Auction & Realty Co. represent the Seller in the sale of this property, and will not be agents for the buyer.

 

BROKER PARTICIPATION:  A commission of 2% of the purchase price shall be paid to the qualified broker who is duly licensed in Missouri, whose properly registered client is the successful bidder, and whose client pays for and settles the property by the closing date.  Brokers must register their prospective clients by fully completing the appropriate form provided by Cates Auction & Realty Co.. Forms must be submitted by fax and received no later than Tuesday, July 15th, 2008. 

 

Hwy MM to Grand Pointe Blvd, L on Turnbridge Ln., L on Turnbridge Ct., R on Grand Cove, cross bridge to home on R.

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