Concierge Auctions Announces Its Second Michigan Opportunity This Year: Two Upper Peninsula Properties Along The Great Lakes
Shoreline retreat created by Domino's Pizza Founder and former Detroit Tigers owner Tom Monaghan and adjacent Hunt Club to sell at auction on November 24th
Nov 2, 2015
DRUMMOND ISLAND, Mich., Nov. 2, 2015 /PRNewswire/ -- A year-round retreat offering 1,550 acres along Michigan's picturesque Great Lakes and a 110-acre parcel of land adjacent to its northeast boundary will sell at auction next month through industry leader Concierge Auctions. Drummond Island Resort and Conference Center, created by Domino's Pizza Founder and former Detroit Tigers owner Tom Monaghan, spans an impressive 4,800 feet of shoreline along Lake Huron, the second largest of Michigan's Great Lakes and the third largest fresh water lake on Earth. Previously offered for $12 million, the resort will sell at or above a $3.5 million reserve. Also for sale is the adjacent Hunt Club, which offers 3,000 feet of water frontage and no zoning or development restrictions. Previously offered for $1.35 million, this property will sell without reserve, either separately or collectively with the resort. The auction will be held on November 24th in cooperation with Tom Gray of Coldwell Banker Schmidt Realtors.
Located at 33494 South Maxton Road on the eastern Upper Peninsula of Michigan, the quiet and remote Drummond Island Resort and Conference Center boasts championship golf course The Rock, once named the "Best Places to Play" by Golf Digest. In addition to plentiful lodging options, the resort also offers two conference facilities, two restaurants and a 20,000-square-foot private aircraft hangar. Monaghan purchased the property in the early 1990s and invested $30 million into its development.
Also for sale, the Hunt Club's adjacent 110 acres were owned and previously enjoyed by a 12-member hunting and fishing club. With no zoning or restrictions, this property lends itself to many options for the new owner.
"These rare offerings are brimming with opportunity," said Jeff Castner, vice president of Concierge Auctions. "The resort is an ideal vacation spot or corporate retreat, as it's completely private and secluded. And the adjacent land is truly a blank canvas, to do with as you please."
Enveloped by Lake Huron, the 87,000-acre Drummond Island is the largest island surrounded by freshwater in the country. Its 150 miles of gorgeous shoreline foster outdoor and water activities year-round. With slightly under 1,000 full-time residents, visitors and residents take pleasure in the wide-open spaces and benefits of small town living. Both big and small game hunters alike travel to Drummond Island to spend their hunting vacations. Mallards, whitetail bucks, ducks, rabbits, fox, coyote, bobcat, deer and black bears are just some of the animals that call the island home. Drummond Island is also a fisherman's paradise, specifically known for its whitefish, touted as some of the best in the world.
Concierge Auctions will host a preview event onsite from 3 to 5pm on November 12th. The property will be available for viewing by appointment only. Brokers are protected and eligible for a 2% commission. See Auction Terms and Conditions for full details. For more information call 212.257.5018.
About Concierge Auctions
New York-based Concierge Auctions is the dominant marketplace for buying and selling the world's finest properties. Since its founding in 2008, Concierge's business has spanned 27 US states and 5 countries, resulting in over $900 million in sales and many record-setting transactions. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and has been named one of America's fastest-growing companies by Inc. Magazine for the past two years.
SOURCE Concierge Auctions