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Las Vegas Strip Land Up For Auction

Filed under: Auctions, Real Estate Developments

How much is Las Vegas land worth these days? The market will get a new test when a 1.36-acre property with 236 feet of frontage on Las Vegas Boulevard goes up for sale through J. P. King Auction Company. The property is located just north of the famous "Welcome to Fabulous Las Vegas" sign and is offered through a sealed-bid auction. The property is currently home to the 48-room Diamond Inn Hotel which was constructed in 1940. The site is the first hotel/casino seen from I-15 and has been approved by the FFA for buildable heights of 406 feet to 505 feet. The only question is whether or not anyone is interested in building in Las Vegas right now. Of course you could just keep the existing property as is.

"One of the great things about this site is that not only is it an excellent development site, but it is also already producing income," said Sam Aldabbagh, the property's owner. Aldabbagh purchased the hotel in 1978 and it is marked by a large pink elephant facing the strip. Sealed bids for the property must be submitted by 5 p.m. on Monday, December 13.

Gallery: Las Vegas Strip Land For Sale

Tags: j.p. king, jp king, las vegas, las vegas strip, real estate

Vendovi Island Up For Auction

by Deidre Woollard (RSS feed) —

A beautiful island off the coast of Washington state goes up for auction later this month. Vendovi Island is a a 216-acre island in the San Juan Archipelago that will be sold through J. P. King Auction Company on September 30. The island has 13,000 feet of shoreline and six beaches. It has been owned as a family retreat since 1966 and has a four-bedroom home. The island has self-contained utilities: a well, a water tower and tank, four generators, a septic tank, fuel trailer tank, two fuel storage tanks and two propane tanks. It can be accessed by boat or floatplane and has a protected harbor with a rock breakwater, 52-foot pier, a metal ramp and a floating dock. A video tour is after the jump.

"My family has always been into big projects, and when we ran across Vendovi Island, we knew what our next project was," said David Fluke, the island's owner. "It has kept us very close as a family, and it's been a great place for us to escape for the past 43 years."

Tags: jp king, private island, private island for sale, private islands, Private islands for sale, san juan archipelago, vendovi island, washington real estate

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Emerald Isle Yacht Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing, Auctions

The lovely Emerald Isle, a 126-foot Christensen motor yacht, will sell at auction at the Lauderdale Marina on August 24. The tri-deck yacht is being auctioned off through J. P. King Auction Company and has a minimum reserve of $2.85 million (it was once on the market for $7 million). Built in 1993, the yacht went through a $2 million refit in 2009 that includes a new micro-command system and a major engine overhaul. It has four cabins and a sky lounge. The main salon is outfitted with European fabric, onyx tabletops, wet bar and Brazilian Honey Teak cabinetry. The 126-foot yacht has a full width master suite on the main deck with his/her ensuite marble baths with gold waterfall faucets, and LCD flat screen TV/Sat TV/DVD. A second full width master suite also has his/her ensuite marble baths, dual hanging closets, walk-in closet, and LCD flat screen TV/Sat TV/DVD. This suite is furnished with a chair, ottoman, and vanity with stool. The yacht is fully equipped with HD LCD televisions, a Sub-Zero refrigerator in the large galley, and high-tech navigation equipment. It comes with a tender, a 2009 20-foot Novurania, and a pair of 2009 jet skis for ship to shore jaunts.

"Emerald Isle was special for us because it was big enough to be roomy, yet it was small enough that we could go into areas that other boats could not go," said Bonnie Harvey, the owner of Emerald Isle. "It was like home."

The auction will take place on Tuesday, August 24 at 11 a.m. at the Lauderdale Marina at 1900 S. E. 15th Street in Ft. Lauderdale. For additional information, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

Tags: emerald isle, jp king, yacht auction

Kenai River Estate, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Our quest for luxury real estate auctions doesn't generally take us this far north. Today's home, which will be auctioned off on August 12, is located on the banks of Cook Inlet and the mouth of the Kenai River in Alaska. This home is on nearly 12 acres and has around 815 feet of beachfront property. The Victorian home is four stories and provides sights of Tustamena, Mt. Lilliamna, Mt. Redoubt, and Mt. Spur mountains. The four-bedroom home has oak and marble flooring throughout and four fireplaces. Other details include a formal dining room, gourmet kitchen and a cozy circular entertainment room. The master suite has a personal fireplace, sitting room and a master bath with a jetted tub. One particularly charming detail is the fourth floor turret with floor-to-ceiling windows and views of the surrounding mountain ranges. It's a perfect place for an office or retreat. The land also includes a three-car garage, two outbuildings, and an airplane hangar and landing strip. It is being auctioned off through J.P. King.

Gallery: Kenai River Estate