Luxe Riverfront Home in Coastal Maine Will Go to Highest Bidder at June 7 Luxury Auction®

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Jun 04, 2024, 13:44 ET

BANGOR, Maine, June 4, 2024 /PRNewswire/ -- Those homebuyers looking for a quintessential New England getaway that embraces the natural beauty of the northeastern U.S. will not want to miss the upcoming luxury auction of a 10.5-acre, riverfront retreat in Penobscot, Maine. The property first hit the market asking $2.9 million, but will be sold to the highest bidder regardless of the price as part of a no-reserve auction scheduled for June 7 and managed by Platinum Luxury Auctions. The property owners hired the veteran luxury real estate auction house to conduct the sale in tandem with listing brokerage Better Homes and Gardens Real Estate, represented by agent Steven D. Shelton of The Masiello Group.

This waterfront property in coastal Maine will sell to the highest bidder at a luxury auction® without reserve on June 7. It comprises 10.5 private acres with 600 ft of river frontage, a private dock and boating access to the Atlantic Ocean. Three living structures include a main residence, multipurpose studio and guest cottage. The property recently asked $2.9 million. Platinum Luxury Auctions is handling the sale for the property owner. Details at MaineLuxuryAuction.com.

The property’s multipurpose studio offers 2,500 sf of living area. It includes a large, central space (shown here), two office/flex rooms, a bathroom and a large cellar for suitable wine, gardening or general storage. MaineLuxuryAuction.com.

The main residence’s living room is bright and spacious, and features lofted ceilings, exposed wooden beams and smooth riverstone finishes. A catwalk with custom railings (shown at top) runs between the upper level’s primary suite and a guest bedroom. MaineLuxuryAuction.com.

A lovely kitchen sits at the center of the main residence, and enjoys views of the river thanks to a wall of windows on the waterside of the home (partially shown). It is adjacent to an informal dining area and dry bar (left-of-center), family room with stone fireplace, formal dining, butler’s pantry and office. MaineLuxuryAuction.com.

The property’s three living structures include a 2-story main residence (center), oversized studio (right) and a charming guest cottage (upper middle; partially visible). The +10.5-acre parcel sits on the Bagaduce River in the town of Penobscot, just 45 mins south of Maine’s Bangor Airport. MaineLuxuryAuction.com.

The property is located in the private community of Johnson's Point, which is comprised of a small collection of homes located on or just off the Bagaduce River. It's within an easy, 45-minute drive of Bangor (and its international airport), though feels worlds away from the density of urban life. "Standing on the property's dock and looking out at the river was one of the few moments of true peace and quiet I have ever experienced," said Trayor Lesnock, Platinum's founder and president. "And I understand there is excellent fishing right off the dock!"

For those looking for a more challenging fishing expedition, the Bagaduce runs into Penobscot Bay and the Atlantic Ocean, allowing for direct boating access to the ocean from the property's private dock. Fishing boats or pleasure cruisers up to 35-40 ft in length can be docked onsite, though dry docking/storage is required in winter months.

The parcel enjoys more than 600 ft of linear frontage along the river, with unobstructed water views down the length of the river rather than across the waterway at other homes. There is plenty of acreage for additional development, with no restrictions from a homeowners' association.

There are three living structures: a two-story main residence, multipurpose studio and charming guest cottage. In total, they offer nearly 7,500 sf of living space, with 5 bedrooms, 4 full and 3 half baths. Construction features such as aluminum roofing (installed 2017) and composite decking provide weather resistance in the colder months.

The structures were designed to emphasize the beauty of the river and natural surroundings, with walls of windows in all water-facing living areas. Rustic interior finishes like exposed wood beams and riverstone-clad columns "bring the outdoors inside," while modern amenities provide all the desired creature comforts.

The studio's 2,500-sf interior is an excellent creative space, suitable for use as an office, fitness/yoga center, theater, "man cave," art gallery, library, or as a venue for wine tastings, cooking or catering events. Operating a business onsite is not restricted.

The property is available for previews through the close of June 6. Interested parties may contact Platinum's project manager, Renee Alossi, at 800.674.2997. Bidders must formally register in advance of the auction to participate. Additional property and auction information is available online at MaineLuxuryAuction.com.

About Platinum Luxury Auctions: Platinum Luxury Auctions created the luxury auction^® model for multimillion-dollar real estate auctions and owns the federal trademark rights to the term "luxury auction." The Miami-based auction house specializes in the non-distressed sale of multimillion-dollar properties in the U.S. and select international markets, and has offered properties in 33 states and 14 countries. Platinum's team has closed more than $1.4 billion in luxury auction sales, and has consulted or advised HNW and UHNW individuals on more than $3.75 billion in luxury property assets. PlatinumLuxuryAuctions.com.

SOURCE Platinum Luxury Auctions