Filed under: Real Estate Developments
Our never-ending quest for condo auctions takes us to Banner Elk, North Carolina where, on June 5, the final 18 mountainside residences at The Lodges at Elkmont will go up for sale. The Lodges at Elkmont is a a 56-unit luxury condominium community set in the Blue Ridge Mountains. The units will be sold at a developer close-out auction by Sheldon Good & Company.
The auction company says this is the first second-home real estate auction to take place in the North Carolina marketplace. The 18 units are luxury mountain retreats set in the heart of the High Country and located only two hours from both Charlotte and Greensboro and three hours from Raleigh. There are five floorplans with two or three bedrooms and approximately 1,200 to 2,350 square feet of space. Homes have vaulted ceilings, stone fireplaces, oak floors, designer kitchens and covered decks. The minimum bids from $125,000 are up to 74% below the original asking prices, which ranged as high as $771,000. Eight homes are guaranteed to be sold subject to minimum bids.
The auction will be held on June 5th at the Embassy Suites Hotel at the Greensboro Airport Registration begins at 11am with the auction commencing at noon. Homes offered at the auction may be viewed on May 8th-9th, 15th-16th, 22nd -23 rd and 29th - 31st, from 11am to 3pm.