Coastal Estate Sites in Carmel Offered at Bankruptcy Auction



    
    Once-in-a-lifetime Opportunity to Own Coastal Properties in exclusive
    Carmel

    
    CARMEL, Calif., Oct. 3 /CNW/ -- Privacy is the luxury of the 21st
Century, and coastal properties of this magnitude rarely come to market, but
that is about to change in a very big way. Tranzon Asset Strategies has
announced that 5 approved estate sites will be offered at bankruptcy auction
on Friday, October 17, 2008.
    
    (Photo: http://www.newscom.com/cgi-bin/prnh/20081003/LAF047)
    
    "We are excited to bring these remarkable properties to auction," said
Mike Walters, President of Tranzon Asset Strategies. "They are uniquely
beautiful properties in a magnificent setting on the California coast."
    Previously valued up to $4,000,000, minimum bids at the auction start at
$1,280,000.  In addition, one site will sell regardless of price to the
highest bidder.
    The properties are located in Rocky Creek Ranch in Carmel, a gated
community of 10 residential estates, and range in size from approximately
42-77 acres, featuring white water views.  With a private gated entrance and
private paved road, these sites offer ultimate privacy in a one-of-a-kind,
highly desirable setting.  Sweeping views of white-water surf, the Big Sur
coast and the Ventana Wilderness National Forest are just some of the features
of these sites, all of which are located to the ocean-front side.  The
recorded sites are improved with existing water systems, underground utilities
and paved roads.  The properties are also zoned for equestrian facilities with
numerous hiking and horseback trails through historic redwood groves, legacy
oak groves and a seasonal stream.
    Much work has been done to gain the necessary approvals, and each
recorded building site offers it's own unique features and possibilities.  In
addition, one site has already been issued the coastal development permit and
grading permits.
    "This is a rare opportunity to buy properties of this magnitude at a
bankruptcy auction," said Walters.  "These sites must sell, and we are pleased
to bring them to market through the auction process."
    For more information on the property and the October 17 auction, please
call 888.314.1314 or visit our website at
http://www.tranzon.com/Propertydetail.aspx?id=6157.




For further information:

For further information: Tiffeny Cook of Tranzon Asset Strategies,
1-888-314-1314, tcook@tranzon.com Web Site: http://www.tranzon.com/

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TRANZON ASSET STRATEGIES

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