LOS ANGELES--(BUSINESS WIRE)--Heritage Zetabid Realty & Auction Services, a division of Heritage Global Inc., announced today the upcoming sale at public auction of 234 Monarch Bay Drive, Dana Point CA. The 2,700 square-foot home is located in Monarch Bay, one of Southern California’s premier private gated communities neighboring the Pacific Ocean. The community is home to a private beach club operated by the St. Regis Hotel.
The online auction is scheduled for August 22nd through August 25th, 2015 and will be conducted at www.zetabid.com. The starting bid for the luxury residence is $1,649,000 with the last Zillow estimate near $2.1 million.
“This sale presents potential buyers a unique opportunity to live in one of the most upscale beach communities in Southern California with premier amenities including private beach access. Located just south of Laguna Beach and west of the Pacific Coast Highway, Monarch Bay is one of a handful of Southern California neighborhoods that combines luxurious beach living and privacy.”
Buyers must register in advance to obtain diligence information. As always broker cooperation is invited with a 2.5% fee available to qualified brokers representing their client. Two preview inspection dates will be scheduled in the next few weeks and posted on the auction website at www.zetabid.com.
About Heritage Zetabid Realty & Auction Services (www.zetabid.com)
Zetabid (Heritage Zetabid Realty & Auction Services is a division of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP), conducts real estate auctions of estate homes and commercial real estate. Zetabid principals have sold a billion dollars’ worth of real estate including over 3,000 homes, numerous office, industrial , retail, multi-family and resort properties. Zetabid was initially founded by the Tribune Company (Los Angeles Times Media Group), DoveBid and CataList Homes.