Sheldon Good & Company to Auction One of Last High-Density, Approved ...

Sheldon Good & Company to Auction One of Last High-Density, Approved Condominium Development Sites in Playacar, Mexico; 17.92-Acre (7.25 Hectares) Site to be Auctioned on July 15th



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CHICAGO and PLAYA DEL CARMEN, Mexico, June 18 /PRNewswire/ — In yet another exciting offering, Sheldon Good & Company Auctions, LLC ( http://www.sheldongood.com ), the nation’s largest real estate auction company, today announced that it has been retained to auction a spectacular 17.92-acre (7.25 hectare) master planned development site, fully approved for 500 units in one of the world’s most exotic playgrounds, Playacar, Mexico.

“Our auction allows the astute investor a rare opportunity to purchase one of the last remaining high-density developments in Playacar at their own price,” according to Steven L. Good, Chairman and CEO of Sheldon Good & Company International. “Plus, the auction affords the successful bidder perfect timing to plan the building of a new development or any other appropriate use,” Good added.

The spectacular golf course development is being offered in its entirety in a sealed bid event, Tuesday, July 15th.

Inspections are by appointment only, at least three days in advance on June 25th and July 1st.

Please visit http://www.sheldongood.com/playacar.php for complete details.

“Every indication is that this master planned community in Playacar will be attractive not only to Mexican and American development interests, but to developers worldwide,” Mr. Good said. “There are many reasons for this: it is the largest approved development available in the area and the only one of its size in Playacar; it is designed by the renowned architects Humberto Artigas and Carlos Herrera; it offers beach access; and it is adjacent to the Playacar golf course,” Mr. Good noted.

Mr. Good also noted that the development will offer such additional amenities as; discounted use of the amenities of Playacar, including the Playacar golf club and Hacienda Vista Real Spa; use of the Sandos Gala Resort amenities; and access to the Xaman-Ha bird sanctuary.

About the spectacular development site:

The Bakaba Golf Course development is an approved 500-unit development tract located in Playa del Carmen, Mexico, within the exclusive gated community of Playacar. The Property is approved for development of 87,436 square meters (941,153 square feet) in 500 units consisting of 48 three- and four-story buildings; units range from 77 square meters (829 square feet) to 185.8 square meters (2,000 square feet). This offering allows the purchaser to utilize the already approved plans and commence construction, or design their own development on this fantastic 7.25-hectare (17.92-acre) parcel.

About Playacar, Riviera Maya, Mexico:

Adjacent to Playa del Carmen, Playacar is a posh gated beachfront community, designed from the ground up to create a sophisticated environment for the tropical lifestyle.

This planned, upscale and secure neighborhood has a championship golf course, eight five-star resorts, as well as private homes and condominiums.

Auction event rare in Mexico

Steven L. Good said: “In a rare event not usually seen in Mexico, our Sheldon Good auctions continue to open up world-class resort development opportunities in the heart of the ‘Mayan Riviera.’ Set in the center of one of the world’s most exciting vacation destinations, our auction is making beautiful, secure and privileged living available for development by the astute investor or developer.”

Mr. Good added: “The developers have successfully achieved their due diligence and have secured all the necessary approvals in order for a successful bidder and a new owner to implement their own vision for this truly spectacular property, in a region where ultra-luxurious living is not only a way of life, but a mandate.”

About Sheldon Good & Company

Sheldon Good & Company ( http://www.sheldongood.com ), America’s Real Estate Auctioneer, in the past has been rated as the largest real estate auction company in the United States by a number of prestigious publications. The company has aggregate sales of over $9 billion. For further information, please call Sheldon Good & Company at 001-312-373-4300 or email jcolon@sheldongood.com

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Sheldon Good & Company to Auction One of Last High-Density, Approved Condominium Development Sites in Playacar, Mexico; 17.92-Acre (7.25 Hectares) Site to be Auctioned on July 15th