The developer of a high-end project in Shuswap Valley is using a 10-day auction on eBay to sell three suites.
The online sale of the suites at Legacy on Mara Lake makes Sable Resorts the latest developer to employ a creative technique to sell remaining inventory during a down market.
Although the auction that began on Tuesday started with bids at 1 cent, the luxury suites are likely to generate a lot of interest. There is also a reserve fee for each unit, priced considerably lower than the appraised values.
Among the three suites is a two-bedroom, 935-square-foot, south-facing suite with a view of Mara Lake that is valued at $539,900. The auction ends the evening of Friday, Nov. 13.
“Online auctions are very successful in the U.S. but are still rare in Canada,” said Sam Boguslavsky, president of Sable Resorts. “By auctioning off our luxury suites on eBay, we’re positioning ourselves ahead of the curve.”
Legacy on Mara Lake is a completed $60-million seven-storey concrete and steel development that features a private marina as well as an advanced hydro-thermal system that draws in lake water to provide renewable energy for heating and cooling.
Suites also feature gourmet kitchens with granite countertops, cork flooring, deluxe jetted soaker tubs, dramatic high ceilings and high-end European tilt and slide floor-to-ceiling windows. The three suites being sold on eBay also come with a boat slip — an amenity that is valued at as much as $50,000. These suites range in size from 935 to 1,379 square feet.
For more information on Legacy on Mara Lake, visit legacyonmaralake.com or call 1-866-656-0291.
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