Magnificent Island Estate in the Dominican Republic to Be Sold at Auction on January 19th

CHICAGO -

- Sheldon Good & Company to Auction Lion’s Gate, a 23,000-Sq-Ft Mansion at Sea Horse Ranch in Caberete, the Windsurfing Capitol of the World Near Puerto Plata

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 estate had originally been listed for US $33.5 million.

(Photo: www.newscom.com/cgi-bin/prnh/20091106/NY06818)

Located in the tropical paradise of Cabarete 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. It is situated a great distance away from the larger tourist meccas of the Dominican.

“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 reception lounge and gallery, the casino, virtual golf environment, cinema, billiard room and wine tasting room, the piano lounge, to name a few — while the living spaces feature guest suites with opulent baths and private patios. 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 the Lions Gate’s custom built lake and sugar sand beach, with nearby cave sauna, 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 property.

Lion’s Gate is available for viewing on an appointment-only basis on the following dates and at specific times: November 14, 21, 28; December 5, 12; and January 7, 2010. All bidders are required to purchase a Bidder’s Information Packet priced at $100 US in order to bid at the auction. Bids are due at Sheldon Good’s Chicago office, 333 W. Wacker Drive, Suite 400, Chicago, Illinois, USA by 4pm Central Standard time, on Tuesday, January 19th, 2010.

For further information about the auction, please contact Sheldon Good & Company at +1-312-373-4300, www.sheldongood.com/dominican.php.

Source: Sheldon Good & Company

Melanie Keenan, +1-212-843-8092