Luxury oceanfront home on Oregon coast set to sell in no-reserve auction

NEWPORT, Ore., March 29, 2016 /PRNewswire/ -- Hidden away on the coast of Oregon is a luxury home with a 180-degree view of the ocean and the Yaquina Bay Lighthouse. And on Friday, May 6, the home will sell to the highest bidder, with Assiter Auctioneers conducting the event in cooperation with Stuart Realty Group Inc.

"This home was built with every amenity you can imagine, plus the ability to withstand winds of more than 90 miles per hour," said Spanky Assiter, chairman of the auction company.

Completed in 1996, the 7,836-square-foot home has a 50-foot by nine-foot swimming pool with a motorized cover. Floors are made of Saltillo tile and Brazilian cherry. Every wall with windows in the kitchen, living room, family room and pool room is built with steel I-beam posts.

"It took two years to create this incredible home. It has five fireplaces, three of which are custom. The kitchen has a fire pit that can burn wood as well as gas, and the home was designed to make the most of the ocean views. The commitment to top-of-the-line materials even extends to the roof decking (Douglas fir), and plumbing. Twin 100-gallon water heaters use a continuous loop to ensure that instant hot water is available anywhere in the house," said Assiter.

The home is selling with no reserve, meaning it will go to the highest bidder regardless of price, Assiter noted.

"Given the size, features and exquisite craftsmanship of this home, it's likely that it will sell for much less than it would cost to build it today," said Assiter.

The home will sell in a live auction at the house, with online absentee and live simulcast bidding. It is already open for pre-bidding at www.assiter.com. Those interested in additional information, including viewing dates, terms and conditions, may visit www.assiter.com or call 806-655-3900.

Assiter Auctioneers, based in Canyon, Texas, specializes in the sale of residential and commercial real estate, machinery and other assets through live and online auctions. Chairman Spanky Assiter is the current president of the National Auctioneers Association. More auction information.

For more information:
Carl Carter, 205-378-9290

SOURCE Assiter Auctioneers

Related Links

http://www.assiter.com