Cape Coral Waterfront Estate Known as “The UPS House” to be Sold at February 10th Absolute Auction

Truck Driver Turned Executive Selling Florida Riverfront Dream Home at Auction with No Minimum Bid and No Reserve

 – When it comes to amassing wealth, James Postema was a model of patience: working his way from truck driver to executive with UPS, pinching pennies while investing in the company for more than 20 years, culminating in the building of his 12,000-square-foot waterfront Italianate mansion in Cape Coral, Fla. However, now that he plans to sell the elegant waterside estate, he has turned to the luxury real estate auction experts at Grand Estates Auction Company to expedite the sales process. The seven-bedroom home featuring breathtaking views from its 138 feet of deep-water river frontage on the Caloosahatchee River will be sold at absolute auction with no minimum bid and no reserve on Tuesday, February 10th, at 2:00 p.m. EST by Grand Estates Auction Company.

“This home was a lifetime goal for us and we have enjoyed it immensely, but now that we have decided to sell it, we want to move forward,” stated homeowner James Postema. “The experts at Grand Estates Auction Company create an immediacy to the luxury real estate sales process and are able to ensure the sale of our home on a specific day. They have the top closing rate for luxury real estate auctions, so I have total confidence in the process.”

The waterfront estate takes full advantage of the spectacular water views and abundant sunshine with three levels of verandas featuring disappearing glass doors that provide access to nearly every room. Perfect for entertaining, the home includes seven bedrooms of which two are master suites, six full bathrooms, five half-bathrooms, two gourmet kitchens, formal and informal dining and living rooms, two private offices, and entertainment areas including billiards room, game room, and two wet bars. Resort-like amenities include a custom freeform heated pool with swim-up bar, two spas, and a private dock with dual boat lifts (54,000 and 13,000 pounds). Architectural design elements include high ceilings, three fireplaces, Brazilian cherry wood flooring and travertine marble throughout the home. Additionally the home provides easy access to all levels by elevator and includes a four-car garage.

“This home was literally a dream come true, and it will be again for one lucky bidder on February 10th,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “The resort-like amenities, abundant entertainment space, panoramic views, and deep-water access to the Gulf of Mexico make this an extremely desirable property. Interested buyers should come ready to bid on this amazing buying opportunity.”

Known as a “Waterfront Wonderland,” Cape Coral boasts more than 400 miles of navigable waterways – more miles of canals than any other city in the world. Positioned on Florida’s southwest coast, Cape Coral offers world-class boating and fishing in the Gulf of Mexico, sandy-white beaches, and golfing on the numerous courses throughout the Cape Coral-Ft. Myers area.

Grand Estates Auction Company has an unsurpassed closing rate in the luxury residential real estate auction industry and specializes in creating comprehensive global marketing campaigns for luxury properties. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction. Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value.

The Cape Coral auction will start promptly at 2:00 p.m. on Tuesday, February 10th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Friday, February 6th at 11:00 a.m., with daily preview times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560. A $150,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid. Real estate agents and brokers are fully protected and encouraged to participate.

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