SEALED BID AUCTION
BID WEEK: November 12 - November 23, 2009 2PM ET

*

SOLD! 12/31/09

River Bluff Bid Information

Open Houses: 11-8-09 and 11-14-09, 1-4pm, or By Appointment

Click on forms below to download.

bid form fact sheet
Offer Form

 Fact Sheet
letter brochure
Open Letter

 Brochure
Broker Participation Form Contract
Broker Participation Form Contract

 

The owner of River Bluff is seeking to immediately liquidate one of Georgia's historically significant properties (aka the site of the "Old Agency Reserve" circa 1796). Today, this property, known as River Bluff, is a privately held 450 +/- acre "state park" caliber trophy property with 2 +/- miles on the Flint River at the bluffs and a custom river lodge.

We are currently conducting our proprietary sealed bid auction process that makes bidding on unique and rare properties like River Bluff a very safe, convenient, and professional way for high net worth individuals to invest in and own high quality properties at exceptional buys.

If you are fortunate enough to be a buyer in today's market, we highly recommend that you look into the River Bluff auction that is now underway.  There is no reason for someone who is a legitimate buyer in this specialized asset class, to not place a sealed bid on a high quality property like River Bluff at a price that makes sense for them.

Located at the edge of both the Piedmont and the Upper Coastal Plain, River Bluff has a rare combination of incredible topography and wildlife. It is a high-quality recreational property and in its entirety contains 450 +/- acres, 2+/- miles of river frontage, a 5,000 sq. ft. custom river lodge (2,500 heated and cooled), with 185 year old barn beams, reclaimed Suwannee River Cypress, heart pine, and Tennessee Field Stone, a spring creek and waterfall, seven two-acre food plots, two dove fields, equipment barn, historical Creek Indian Rock, beautiful mature hardwoods, and approximately 7,000 +/- feet of four board horse fence overlooking pastoral meadows. This property has enormous amount of wild game and recreation, incredible topography, great soils and timber, and great privacy. River Bluff is located approximately 33 miles southwest of Macon, Georgia, at the intersection of Hwy 128 and 137 just seven miles north of the historic town of Reynolds, Georgia. This property has excellent "higher and better use" potential.

"A" list properties of this caliber are rarely available at investment or wholesale prices.  Just as other high quality assets have remained "recession proof" these high quality properties have continued to be sought out by investors through this extreme market.  In fact, two recent sales our firm has made have set record highs of over $7,700 per acre. However, in some situations the need for liquidity compels sellers to engage in immediate action thereby providing both investors and recreational users with incredible opportunities.

River Bluff was purchased as a family recreational investment property by a landowner that still has over 1,000 acres of family land dating back to the 1800's nearby! He had sold River Bluff to a friend and actually bought it back years later.  He then took hand hewn barn beams that he had been saving along with other unique wood and built a dream house for himself and his family. As the national economy deteriorated, he attempted to try to keep part of River Bluff and sell part. River Bluff was previously listed by the seller in multiple pieces for $6,611 per acre for Tract 2 and $2.4 M for Tract 1 with the River Lodge.  There is easily over approximately $55,000 +/- in very nice three board creosote fences and deer stands alone. The seller, with the cooperation of his lender, is seeking to immediately convert this asset into cash. Under our sealed bid process, you pick the price that makes sense for you!

In addition, the "higher and better use" benefits of this property could easily be capitalized on in the form of a conservation easement. The Trillium plants here alone attest to the quality of this property. The current IRS tax code allows for a reduction of up to 50% of Adjusted Gross Income and carry forward of up to 16 years for a conservation easement donation!

Our sealed bid auction process is designed to make bidding on unique and rare properties such as this a very convenient for the serious investors. We encourage you to capitalize on this rare opportunity.

The bidding period shall last only one week, beginning on November 12, 2009, and concluding at 2:00 PM (ET) November 23, 2009 (the "Bidding Deadline").  Simply send in the one page official bid form prior to the bidding deadline. 

DIRECTIONS TO PROPERTY

At the intersection of Hwy 128 and 137, just seven miles north of the historic town of Reynolds, Georgia. From Macon GA (33 miles southwest), From Columbus GA (1 hr 15 min), From Atlanta (1 hr 40 min), From Albany (1 hr 55 min), From Tallahassee (3 hrs 21 min.).

INSPECTION DATES

Starting on Monday, October 26 through 2:00 PM ET, Monday, November 23, 2009. Inspection is by appointment only. Please contact Jon Kohler at 850-508-2999 or Will Wingate at 404-502-0880 for appointment. Staffed Open House: Sunday, November 8th and Saturday, November 14th 1-4 PM.

BID WEEK

Beginning on Thursday, November 12, 2009 and concluding
at 2 PM ET Thursday, November 23, 2009

BIDDING DEADLINE

2:00 PM ET, Monday, November 23, 2009. Copy of Official Bidding Form is available online at www.PlantationAuction.com.

BIDDER NOTIFICATION

The successful bidder will be notified by 5:00 PM ET, Monday, November 23, 2009. All others ASAP thereafter. All bids are confidential and will be opened at the Law Offices of Dale S. Davidson, LLC.

CONTRACT EXECUTION & CLOSING

The successful bidder will be required to enter into a standard real estate contract by Tuesday, November 24, 2009 and submit a 5% earnest money deposit (a copy of the contract is available at www.PlantationAuction.com). A 10% Buyer's Premium will be added to the bid amount to find the contract price. Closing to be made within 45 days after contract execution.

The Seller Intends To Sell This Property To The Highest Bidder But Reserves The Option Of Accepting Or Rejecting Any Or All Bids. *SELLER ALSO RESERVES THE RIGHT TO WITHDRAW FURNISHINGS FROM THE OFFER.

For More Information contact:
Jon Kohler
850-508-2999
jon@jonkohler.com

Will Wingate
404-502-0880
Will@JonKohler.com

AGENCY DISCLOSURE:
PAG is acting exclusively as an agent for the Seller (or represents the seller in this transaction) and not as an agent for any bidder or buyer, but does not have the authority to make representations on the behalf of the Seller with respect to any matter.

Property Highlights:

  • 2± miles on One of the Highest Bluffs on the Flint River
  • Founded in 1796 as One of the Oldest Plantations in Georgia
  • Beautiful Section of the Flint
  • Beauty of the Piedmont with the Wildlife and Fertility of the Upper Coastal Plain
  • Professionally Decorated & Furnished River Lodge 2500± sq. ft. (w/ an additional 2500± sq. ft. of outdoor spaces) with 185 year old hand hewn beams, river recovered pecky cypress, heart pine floors, Tennessee field stone, nestled into the landscape on a bluff overlooking the Flint River
  • Future Homesite with Underground Power and 6” Well in Place
  • 7 Two-Acre Food Plots & 7 Customized Shooting Houses
  • Great Fishing, Boating, and Family Recreation on the River!
  • Deer, Turkey, Dove, and Quail
  • Three Board Creosote Fence & Equipment Barn
  • Two Dove Fields
  • Park-like, Pastoral Mature Hardwoods
  • High Quality Successional Forest with Rare Flora
  • Spring Fed Creek and Waterfall
  • Site of “Old Agency Reserve”
  • Located Approximately 33 miles SW of Macon, Georgia, At the Intersection of Hwy 128 and Hwy 137 Just 7 miles North of the Historic Town of Reynolds, GA
  • Convenient Access from I-75
  • Excellent Candidate for a Conservation Easement
  • Higher and Better Use Potential