NASCAR Champion Joe Nemechek To Auction Private Equestrian Estate Near Charlotte, North Carolina To The Highest Bidder Without Reserve

MOORESVILLE, N.C., July 3, 2012 /PRNewswire/ -- An equestrian property known for its premier facilities where a host of Olympic athletes train, and a custom residence on five acres that was originally built for NASCAR Legend Ernie Irvan, located just north of downtown Charlotte known as "Finncastle," will sell at auction Without Reserve on August 2^nd, NYC-based Concierge Auctions has announced. Originally listed for $10.995 million, the approximately 139-acre property offers the ultimate in luxury living and development potential for 33 additional two- to five-acre homesites. The sellers are NASCAR champion Joe Nemechek and his wife, Andrea. Their property will sell to the highest bidder in cooperation with Hanes Walker and Thomas and Carole McKay of Pinnacle Sotheby's International Realty. Prior to the property auction, a VIP NASCAR experience will be auctioned to benefit Speedway Children's Charities.

"Everything about Finncastle is first-class, from its manicured entrance and crisp, white fences to the horse paddocks and pastures. The property is relaxing and feels very secluded," stated Nemechek, who won the NASCAR championship in 1992 and continues to race. "The arena is world-class and the equestrian facility unparalleled, utilized by professional riders from across the country including 1992 Olympic bronze-medalist Michael Poulin and international Grand Prix rider Catherine Haddad, who was teaching here just a few days ago. The future owners could either maintain it as a boarding and training facility or could adjust the use to be solely private."

"This property is incomparable to other equestrian estates in the area. Not only does it include an exquisite residence and top-of-the-line equestrian facilities, but also additional land with completed infrastructure for 33 homesites already in place. No shortcuts were taken in the construction or development planning, which renders great potential for the future owners," Walker stated.

Located at 9280 West NC Highway 152, Finncastle is nestled just north of Charlotte in a secluded preserve where verdant pastures, serene woodlands and wildlife abound. The property boasts an 8,900-plus-square-foot custom main residence with five bedrooms, six full bathrooms and two half bathrooms. There is also a media room, a mirrored exercise room, a spectacular pool/spa with an outdoor kitchen, a three-car attached garage and a 5-car, climate-controlled detached garage that is a car enthusiast's dream — complete with a lift, a half bathroom and an upstairs office. Its state-of-the-art equestrian amenities include 18 European-style, custom arch front 10 x 14' stalls; a 136 x 240' covered, lighted and enclosed arena with viewing and a sound system; an outdoor, lighted regulation dressage arena; a 60' covered solid wall round pen with viewing; individual Triple Crown fenced paddocks; and miles of hacking trails with cross-country fences.

"Concierge Auctions has had extraordinary success with other equestrian properties, including our sales of the Vezelay estate in Unionville, Pennsylvania and Big Step Farm in Farmville, Virginia," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Finncastle's amenities are top-notch, and its location is also a huge selling point. It's peaceful, serene and private, yet close to shopping and dining in downtown Charlotte."

Located approximately 20 miles north of Charlotte, Mooresville is best known as the home of many NASCAR racing teams and drivers, as well as racing technology suppliers, for which the city earned its nickname, "Race City USA." Also located in Mooresville is the corporate headquarters of Lowe's Companies and Universal Technical Institute's NASCAR Technical Institute. In addition to Nemechek, other notable NASCAR residents include Dale Earnhardt Jr. and Sr., Kasey Kahne, Reed Sorenson, Greg Biffle, Kurt Busch, Kyle Busch, Joey Logan and Kerry Earnhardt. Nearby Charlotte/Douglas International Airport is served by many domestic and international airlines and is the largest hub of US Airways. Nonstop flights are available to many destinations across the United States as well as flights to Canada, Central America, the Caribbean, Europe, Mexico and South America. Charlotte is a major U.S. financial center, the second largest financial center by assets following New York City.

Nemechek is contributing the charity auction item, which includes a behind-the-scenes garage tour of the Charlotte Motor Speedway and box suite passes. "A day at the track you will remember forever," he commented. 100% of the proceeds will benefit the Charlotte chapter of Speedway Children's Charities.

The auction of Finncastle will be conducted live on August 2^nd. A 2.5% commission is offered to the buyer's representing broker. See Auction Terms and Conditions for full details. Finncastle will be open for preview daily from 1-4pm and by appointment. For more information, call 877-888-4269 or visit FinncastleAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction marketing firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner Sotheby's International Realty^® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit ConciergeAuctions.com.

About Speedway Children's Charities – Charlotte Chapter: Operating as a 501(c)(3) non-profit organization, the Charlotte Speedway Children's Charities is governed by a board of local trustees whose sole purpose is to distribute the funds raised each year to qualified local children's-based 501(c)(3) organizations. The Charlotte Chapter hosts a wide range of events and promotions geared around race weeks and other activities at Charlotte's Motor Speedway, events in the Charlotte community and is supported by teams of volunteers. 92 non-profits in the Charlotte area benefited from the more than $725,000 in 2010. The Charlotte chapter of SCC has had a huge effect by raising hundreds of thousands of dollars that stay right here in the community helping give thousands of children, whom without help, would have limited or no opportunities. For more information, call 704-455-4426 or visit Charlotte.SpeedwayCharities.org.

SOURCE Concierge Auctions

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