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9 Lakefront/Off-Lake Lots
Developer Liquidation

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Auction

December 12, 2019 at 11:00 am

Property Location

The Legends on Tanzman Lake
245 Tanzman Road
Parksville, NY 12768

Auction Location

NY LaGuardia Airport Marriott Hotel
102-05 Ditmars Boulevard
East Elmhurst, NY 11369

Bidding Info

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Details

$3,500,000+ Developer Liquidation Auction

240-Acre Subdivision Surrounding 37-Acre Private Lake

9 Building Lots: 5 Lakefront & 4 Off-Lake Building Lots

25 Minutes from Resorts World, the $1 Billion Luxurious Resort Casino Hotel & Indoor Water Park

LOTS SOLD IN BULK ONLY

Details:

  • The Legends on Tanzman Lake – Exclusive Gated Community within Booming Sullivan County
  • 245 Tanzman Road, Parksville, New York 12768
  • 5 Lakefront Lots & 4 Off-Lake Lots
  • Lakefront Lots Previously Listed from $349,000 – $595,000
  • Off-Lake Lots Previously Listed from $274,000 – $299,000
  • Total Previously Listing Price: $3,626,000
  • $290,000 Bulk Minimum Bid – Under $35,000/Lot
  • 90% OFF – UNIQUE OPPORTUNITY
  • 90 Minutes from New York City
  • 25 Minutes from $1 Billion Luxury Resort Casino Hotel, Indoor Water Park, Redesigned Golf Course & Much More…
  • 20 Minutes from Monticello Raceway
  • Common Area w/ Beachfront Access to Private Lake (Exclusively Accessible to 37 Tanzman Lake Member Families)
  • All Utilities are Located Underground Including Electric, Phone, Cable TV & High-Speed Internet (Even High-Speed Internet on the Private Beach)
  • The Legends on Tanzman Lake is the Only Gated Subdivision in Sullivan County with the Home Owners Association Controlling/Owning the Entire Lake
  • These Home Sites Lend Themselves to a Superb Vacation Lifestyle
  • Annual Real Estate Taxes: Range from Approx. $__ – $___
  • Annual Common Charges: $___
  • Rare Opportunity to Buy at a Fraction of the Retail Prices!
  • Developer’s Note:
  • The Common Area (Lot 1) will be Finished with Gates
  • Off-lake & Lakefront Main Homes Must be a Minimum of 1,500 Square Feet and 2,000 Square Feet Respectively, with a Natural Exterior (Log, Pine, Cedar, Stone, Etc.)
  • No Further Subdivision of Each Lot is Possible.  However, in Addition to the Main House, a Guest House may be Constructed with no Size Constraints
  • There are No Time Requirements/Limits to Build
  • No More than 15% of the Trees can be Removed from an Individual Lot (In Addition to Clearing the Home Site)
  • The 37-Acre Lake is Privately Owned by the Homeowners Association of the Legends on Tanzman Lake (Only 37 Member Families) and is a Non-Motor Boat Lake, Preserving its Clean & Natural Beauty

Inspection/Viewings:  Call for Access to Gated Community.

Auction Date & Time: Thursday, December 12, 2019 at 11:00 am.  Registration begins at 9:30 am.

Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.

Terms & Conditions of Sale: Property will be sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $29,000 made payable to “Maltz Auctions”.   Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms of Sale.

Buyer’s Premium: A ten (10%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

Buyer Broker Participation: A two (2%) percent commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

Title Insurance:  A sample title report is available from Metropolitan Abstract Corporation.  Metropolitan Abstract Corporation originally insured the underlying fee title for the entire map as policy writing agents for First American Title Insurance Company of New York.  Purchasers of any individual lot at this auction will receive a 30% discount on the purchase of their title insurance policy.

Have Questions? Get In Touch

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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Seller, Auction Company or any of their Agents.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and Property.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.