HomeAuction

If you want this home you'll need to move quickly it's being auctioned off on Monday, August 3. This home is located in a place I spent plenty of time in as a child, the community of Oyster Harbors in Osterville, Massachusetts. This gated community is no recent addition to Cape Cod, it was established in 1927 on Osterville Grand Island. Today's home is a mortagee's foreclosure being auctioned off by JJManning Auctioneers. Supporting documents show that it is owned by Krikor Baytarian, head of Norada Construction, the company which built the home.

The new 8,500 square foot home sits on approximately 1.52 acres. The five-bedroom home includes large common areas, library, third floor observatory, a first floor master suite and the potential for additional guest quarters over the garage. The property is enhanced with decks, patios, and an in-ground pool with cabana and a pool house with a full bath, laundry, changing rooms and a wet bar.

A $50,000 deposit in certified or bank check must be shown at the auction. The balance is due in 30 days and other terms will be announced at the sale. Related documents say the home was once listed at $5.85 million and the tax assessment is $3,312,300.

A Florida home once owned by Richard Rochon, co-founder of private equity investment firm Royal Palm Capital Partners, heads to auction next month. This is no ordinary home, but is a huge Renaissance-style mansion in the Royal Palm Yacht & Country Club area of Boca Raton. The home was on the market for $21.9 million. Rochon's lender, Thornburg Mortgage Inc., filed a foreclosure notice on the home in December.

The auction of the 25,000 square-foot waterfront home is scheduled for July 11. There is no minimum bid but potential buyers must show up with a $250,000 deposit to participate. The home has six bedrooms, an elevator, wine room, an indoor lap pool, a theater, and 475 feet of boat dockage space. The property includes a waterfront terrace, outdoor pool and spa, cabana bath, summer kitchen and a practice putting green. The home is a slightly larger version of other huge mansions I've seen in the Boca area. Some distinctive details include a two-story formal living room with a hickory floor, coffered wood ceilings, his and hers offices and a master wing that includes a bedroom with double-height ceiling and stone arches. The Royal Palm Yacht & Country Club is a private, by-invitation only club with a Jack Nicklaus Signature golf course, a 30,000-square-foot golf clubhouse, fitness center, clay tennis courts, swimming pool, and two championship croquet courses. The auction website is here.

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