Hilco Real Estate Announces The Sale Of 30+ Acre Private Estate And Luxury Event Venue In Somerset, Kentucky

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Oct 04, 2017, 02:21 ET

NORTHBROOK, Ill., Oct. 4, 2017 /PRNewswire/ -- Hilco Real Estate LLC announces October 25, 2017 as the Bid Deadline for a premier 30+ acre private estate and luxury event venue located near U.S. Highway 27 and Highway 1247 North in scenic Somerset, Kentucky.

Privately owned, this unique estate is located on approximately 32.45 acres and features three main structures consisting of a 7,700± square foot main home, 6,700± square foot event center, and carriage house with an upstairs apartment. The whole property is undoubtedly one of the most luxurious in the area.

The property is centered around a three-story home with a full basement, offering five bedrooms each with their own en suite bathroom. The home is accessed via two electrically operated gates along Highway 1247 North. There is a three-car garage with an additional three-car garage in the carriage house as well. The entryway is lit by a chandelier highlighting the winding staircase with custom crown molding. Three fireplaces accentuate the coziness of the property's country setting. The office doubles as a library with custom woodwork. The rest of the house is designed for entertaining with multiple dining rooms, living rooms and a custom chef's kitchen.

Over the years, the event facility has hosted festivities such as weddings, receptions, social events, etc. The banquet building is equipped with an industrial kitchen, displaying a high-end range, flat top, and prep station. The structure can accommodate 284 seated guests total. There are designated bar areas on both floors, along with multiple restrooms and three outdoor decks overlooking the estate.

The estate is between beautiful Lake Cumberland and Daniel Boone National Forest in Somerset, Kentucky. The historic Keeneland Racecourse and Churchill Downs racetrack (home to the Kentucky Derby) are each a drivable distance or short helicopter ride away from the property's designated landing pad. Each year more than 1.5 million tourists make their way to Pulaski County for boating, fishing, skiing or simply relaxing on one of the largest man-made lakes in the nation with over 1,200 miles of shoreline.

"Very unique opportunities don't come along very often," says Jeff Azuse, Senior Vice President of Hilco Real Estate. "Recently appraised at $2,000,000, this is an amazing opportunity to own a revered estate in Kentucky's beautiful countryside that is ideal as a family retreat or luxury venue capable of doubling as a turnkey business."

For further information on the property, including October's on-site visits for interested buyers, an explanation of the sale process and Terms of Sale, and to obtain access to the Virtual Deal Room containing all the property due diligence, please visit hilcorealestate.com or reach out to (855) 755-2300. Initial offers must be submitted to Hilco Real Estate by October 25, 2017 at 5:00 p.m. (CDT).

For more information about The Coal Reserve or other properties available at for sale, please visit hilcorealestate.com.

About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

Media Contact:

Gary Epstein
Hilco Global
Office: (847) 418-2712
Email: [email protected]

SOURCE Hilco Real Estate