New Jersey estate on 102 acres heads to auction with no minimum bid
A 26-acre luxury estate in Hopewell, New Jersey, is being offered at auction with no minimum bid requirement. The property, which features extensive custom craftsmanship and amenities, is adjacent to an additional 102-acre parcel also available for purchase.
Why it matters
The auction format represents a high-stakes approach to selling luxury real estate in a fluctuating market.
A 26-acre estate in Hopewell, New Jersey, is going up for auction on October 15, offering a rare opportunity to bid on a sprawling property without a set minimum price. The highest bidder can call it home, whatever the final price turns out to be.This countryside estate is not the only property on the block. It is surrounded on three sides by a 102-acre parcel that is also for sale, and bidders can go after either property or both.“This is a quintessential countryside estate or New England mansion property,” Trayor Lesnock, founder and president of auction host Platinum Luxury Auctions, told Realtor.com.
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