LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Heritage Zetabid Realty & Auction Services, a division of Heritage Global Inc., announced today that one of the largest homes in Orange County, CA will be sold at auction in early June with an opening bid of $5,900,000. The Bear Brand Ranch masterpiece is a one-acre property with an ocean view, featuring over 13,000 square feet of living space, including 7 bedrooms and 10 bathrooms. The last listing price was $7,500,000.
The online sealed bid auction is scheduled to take place June 5 through June 10, 2016 and will be conducted at www.zetabid.com. Broker cooperation is invited.
“Our upcoming auction represents a tremendous buying opportunity for individuals and investors to purchase a luxury home in one of Orange County’s most exclusive gated communities in Bear Brand Ranch. The property is one of the top fifteen largest homes for sale in Orange County right now and is one of the only two homes available for under $9.5 million. Homes at this price point in the area are typically half its size, giving buyers a chance to acquire a large custom estate at an attractive value,” says Michael Davin, Managing Director of Zetabid.
Other highlights of this estate include a movie theater, gourmet kitchen, library, wine room, workout gym, separate office, pool, spa, cabana with full outdoor kitchen, sport court, and panoramic views of the ocean, city lights and sunsets. Zetabid successfully sold the home next door at 3 Inspiration Point last summer via its auction platform.
Open houses are scheduled every weekend and private tours available by appointment. Broker cooperation is welcomed with a 2% fee available to qualified brokers representing their client. The property is listed with Bill Godwin of HomeSmart Evergreen Realty (CA BRE#01714218). For more information, please visit ww.zetabid.com.
About Heritage Zetabid Realty & Auction Services
Heritage Zetabid Realty & Auction Services, 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. Zetabid was initially founded by the Tribune Company (Los Angeles Times Media Group), DoveBid and CataList Homes.