Market Overview

Cape Cod Estate "Idlewild" Set for Auction by Sheldon Good & Company

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NEW YORK--(BUSINESS WIRE)--

Sheldon Good & Company Luxury Residences, a Racebrook Portfolio Company and America's leading real estate auctioneer, will sell a magnificent, 8,000 square foot waterfront estate on eight acres in Cotuit, within the town of Barnstable, Massachusetts on Cape Cod. Completed in 2008, “Idlewild” was constructed using rare, reclaimed, and antique materials. The result is a grand seaside estate with old-world features complete with a host of luxury amenities. The property will be sold via auction on November 28, 2012. Previously listed at $12,500,000, the sale presents a unique opportunity for a buyer to name their price for this truly exceptional home. Additional information can be found by visiting www.CapeCod.SheldonGood.com.

Located at 122 Pinquickset Cove Circle, the estate was designed by noted architect Fritz Krieger and features luxurious finishes inspired by classic design, including hand-painted 100-year old tiles, 200-year-old columns and beams taken from a barn in upstate New York, rare reclaimed white oak flooring, etched-glass doors, and lime-washed stone walls. Throughout the residence, one will find a rare international and domestic collection of 18 antique chandeliers. The four-bedroom seven-bathroom home offers beautiful waterfront views from all rooms and ceilings that soar up to 22 feet. The master bedroom was inspired by traditional French design and includes a barrel-vaulted ceiling and hand-crafted, scalloped knotty-pine paneling.

The sale of “Idlewild” coincides with Sheldon Good & Company's expansion of its division dedicated to the sale of luxury residential properties. Sheldon Good & Company Luxury Residences leverages the company's 45-year track record of proven results - including selling billions of dollars worth of property in every real estate asset class – to sell luxury estates, resort destinations, private islands and other properties. More information can be found at www.sheldongood.com/luxury.

“This grand estate, with its stunning architecture, classic design and world-class finishes is truly a one-of-a-kind property that presents a compelling opportunity for a savvy buyer to name their price for a remarkable Cape Cod home,” said John J. Cuticelli Jr., CEO of Sheldon Good & Company. “Idlewild incorporates the vision of a renowned architect and the skills of European craftsmen that created a property that is nothing short of a masterpiece. This property is indicative of the caliber of homes Sheldon Good & Company Luxury Residences offers.”

One of the property's focal points is the stunning Chippendale-style pergola that measures 80 feet by 12 feet and connects the main house to the adjacent carriage/guest house, complete with its own unique stone turret. As with the main residence, the 2,000 square foot guest home features the same caliber of fine fixtures and finishes throughout. Additional features of the main residence include a raised garden, two-story kitchen with unpolished soap stone counters, a Parisian stove, and a dining room that features a bank of 18-century inspired doors with small diamond light transoms and large oval windows. The home will be sold fully furnished.

Interested buyers can preview the residence by appointment only during pre-auction Open Houses scheduled on October 27 & 28 and November 3 & 4. Bids are due on November 28, 2012 by 5:00 pm EST, delivered to the offices of Sheldon Good & Company, 488 Madison Avenue, Suite 201, New York, NY 10022. For detailed information about the auction or to schedule a showing appointment, please call (877) 218-7036 or visit www.CapeCod.SheldonGood.com for more information.

Media Inquiries
M18 Public Relations
Philip Ramirez, 212-604-0318
Philip@M18PR.com

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