Nationwide Interest in Auction of Maine Mid-Coast Shoreline Properties Prompts Deadline Extension to Nov. 30
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Nationwide Interest in Auction of Maine Mid-Coast Shoreline Properties Prompts Deadline Extension to Nov. 30

PORTLAND, Maine, Nov. 8 /PRNewswire/ — When word got out about an auction of spectacular shoreline property in Maine's temperate Mid-Coast region, the flurry of interest from around the country prompted Tranzon Auction Properties to extend the original deadline from November 10 to 30, convert the live auction to a sealed-bid format and move the venue from Camden to Portland, ME, headquarters for Tranzon’s offices.

A click on the Tranzon website www.tranzon.com reveals why Meduncook Bay Colony in Cushing, ME is considered one of the most desirable places to live in the Mid Coast area. With its three communities of Hornbarn Hill, Gaunt Neck and Meduncook Plantation, Meduncook Bay gives credence to Maine’s nickname as “Vacationland” and is compared in beauty to one of the nation’s most-visited sites, the Bar Harbor area’s Acadia National Park.

Developer Jim Tower, of Cushing Holdings, LLC, says 17 lots are up for auction, ranging in size from 1.75 to 4.5 acres and representing more than 5,000 feet of shoreline frontage. Someone may even own their own peninsula. “People are enchanted by the chance to own an increasingly rare commodity: prime waterfront real estate. Meduncook Bay is located in one of the last of America’s untouched regions and because of our proximity to the ocean, our weather is akin to parts of Nevada and New Mexico.”

One couple who moved here from Maryland two years ago still marvels at the scenery where, “There's something new to look at each day.” Potential buyers up from Long Island recently remarked, “A $650,000 home here would be at least $2 million back home, and you wouldn’t get all this.”

Roads are carved out of the existing granite hills. Granite piers provide access to deep water anchorage. Surrounding islands provide safe havens from the nearby Atlantic for boats. Double tennis courts serve the community; residents have their pick of pristine swimming holes deep enough to dive in head first; and year-round property maintenance is available.

Buyers who’ve already sought out this private enclave include a Wisconsin surgeon, a NYC stockbroker, a Jersey food exec, and a Boston-area judge. Cushing itself is home to an upscale, talented group who include the artist Andrew Wyeth and a transplanted New Zealander once selected his country's “Sportsman of the Year.”

Jill Daviero, CAI, an executive with Tranzon Auction Properties, says, “Due to significant interest, we’re giving people more time to complete their 'due diligence’ and conduct site visits. Many people live considerable distances away, so we’ve converted this to a sealed-bid auction with bids due in our Portland office on or before 5:00 p.m. EST, Friday, November 30. Bid forms are available via mail, fax, or the Tranzon website.”

“We want everyone to see these lots. This Saturday, we’re holding a 10:00 a.m. tour for people who’ve registered, but we’re open seven days a week and are happy to set up individual tours other times, right up to the auction date,” says Tower.

Contact Jill Daviero at (207) 775-4300 or toll-free at (866) 503-1212 or jdaviero (at) tranzon (dot) com or log on to www.meduncookbaycolony.com.

Tranzon Auction Properties is a full-service Portland, ME real estate auction company and a member company of Tranzon, LLC, a nationwide network of accelerated marketing and auction companies. Visit www.tranzon.com.

SOURCE Tranzon Auction Properties

© 2007 PR Newswire. All Rights Reserved.

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