Dominican Estate to Sell at Auction - Recommended Opening Bid US$6.9 Million

By Sheldon Good Company, PRNE
Wednesday, December 16, 2009


CHICAGO, December 17 - Lion's Gate, a magnificent 23,000-square-foot architectural masterpiece,
situated in an extraordinary recreational setting within the coveted gated
community of Sea Horse Ranch on the north coast of the Dominican Republic,
will be sold at public auction by New York based Sheldon Good & Company –
America's Real Estate Auctioneer. The auction has been set for Tuesday,
January 19th, 2010


The recommended opening bid is US$6.9 million. The estate had originally
been valued at US$33.5 million. There are three opportunities left to view
the property: December 19th 2009 and January 9th and January 16th 2010.
Viewings are by appointment only, and require a minimum of three days notice;
please call +1-312-373-4300.

Located in the tropical paradise of Caberete and only 20 minutes by car
from Puerto Plata International Airport, known by many as the windsurfing
capitol of the world, Lion's Gate at Sea Horse Ranch is a totally
self-contained four-acre recreational sanctuary built as a Mediterranean
villa offering the amenities, serenity and privacy rarely found in today's
modern world.

"We built Lion's Gate to demonstrate our ability to create an integrated
balance of luxurious design, construction and elegance, not previously
achieved in the Dominican," said Mr. Lantigua a spokesman for the developers
of the estate. "Now, we look forward to selling this fully-decorated and
furnished estate to a buyer who demands world class living and wishes to have
immediate occupancy."

"Once you arrive at Lion's Gate, you never need to leave this superb
permanent residence or exclusive vacation estate designed for entertaining on
a grand scale," said Alan R. Kravets, Executive Director of Sheldon Good &
Company. "And why would you ever depart, knowing that you own a private
2.8-million gallon artificial fresh lake with waterfall, sandy beach with
cabanas, gazebos and entertainment areas, all of which complement the elegant
swimming pool, sundeck, and nearby multi-tiered golf green."

The mansion itself is divided into two distinctive wings, every spacious
room radiating an aura of privilege. Many of the formal rooms feature outdoor
extensions. The living room, for example, opens to a second spectacular
open-air living room at the foot of the sundeck and swimming pool. Some rooms
are dedicated to recreation. The gourmet kitchen boasts Viking and Bosch
appliances, custom Italian cabinetry, and Brazilian black granite
countertops. There are twelve baths and a six passenger elevator. Totally
dedicated to entertaining, the outdoor living and recreation areas are
unequalled. An al fresco second living room leads to the swimming pool,
furnished with submerged water stools at the snack bar. An outdoor kitchen
with covered dining area and private terrace overlooks Lion's Gate's custom
built lake and sugar sand beach, with nearby cave s cauna, fitness, steam and
changing rooms.

Exquisitely furnished, works of art and chandeliers are included in the
sale. The owner of Lion's Gate is entitled to use the private tennis club and
equestrian facilities located within Sea Horse Ranch. And for golf
aficionados, the nearby Playa Grande, known as "The Pebble Beach of the
Caribbean" designed by legendary Robert Trent Jones, Sr., offers 12
oceanfront holes, five more than at legendary Pebble Beach.

The estate's sumptuous grounds were designed to allow a new owner's
personalization by adding two to three 10,000-square-foot guest villas, a
music studio, a car collection museum, or any other desired structures on the

Lion's Gate is available for viewing on an appointment-only basis on
December 19th 2009 and January 9th and January 16th 2010. All bidders are
required to purchase a Bidder's Information Packet priced at $100 USD in
order to submit your bid. Bids are due at Sheldon Good's Chicago office, 333
W. Wacker Drive, Suite 400, Chicago, Illinois, USA by 4pm Central Standard
, on Tuesday, January 19th, 2010.

For further information about the auction, please contact Sheldon Good &
Company at +1-312-373-4300,

Melanie Keenan of Rubenstein Associates, NY, +1-212-843-8092

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