10/12/2015

1930's GEORGIAN-STYLE PALM BEACH HOUSE UP FOR AUCTION




Georgian-style 201 Banyan Road, a block from the Lake Worth Lagoon with deeded beach access, was built in 1930 but renovated and expanded.  6 bedrooms, 8026 total sq ft, on northwest corner of South County Road. 
Property will be auctioned in Manhattan at 7 pm, November 11 at the St. Regis Hotel, 2 E 55th St in Manhattan, 6 pm is registration.  Reserve price is $7MM and must be sold for that amount or more.  However, owner has option to sell it for less and winning bidder will pay a 5% premium.  Should close in 21 days. 
Potential buyers must pre-register with $350,000 deposited in an escrow account to be able to bid – can be by phone or via a representative.  Saturdays thru Nov 7, bidders can tour the house by appointment.  For more details call Marilyn at 561-302-3388. Beautiful historic property.



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