Online Auction for Bank-Owned Luxury Home Sites in Reno Enters Final Week

Posted by rbennett on July 22, 2010
Nevada Commercial Real Estate Auctions

There’s only one week left in the online auction for 16 bank-owned luxury custom home sites in the exclusive Reno community of Somersett, and buyers are gearing up to make competitive bids in hopes of landing one of these prime lots.

The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located in Eagle Chase, one of Somersett’s premier gated communities, with the other thirteen home sites, ranging in size from 0.45 acres to more than five acres, residing in the gated community of Champion Hills. Many of the home sites feature unmatched views of the nearby golf course and surrounding mountains.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

Interested bidders are encouraged to visit www.LFC.com/882R2 to view important property documents and disclosures and conduct due diligence prior to bidding. The bid deadline is July 29, 2010.

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