Categories: BlogMontreux Real Estate News

Auction of Cottage at Montreux Golf and Country Club, Reno Nevada.

Today, January 25th, I went to the first live auction at Montreux. The property was a small cottage on Wetzel Court, 2,250 sq feet.

I was surprised to see many home owners were there to watch the process and a few ready to bid. One could bid one line as well. Of course we had all done our due diligence, had the place inspected for any structural problems or pest issues. The property was last sold for $900,000 and the opening bid was going to be $50,000.

Most people where not ready to go higher than $400,000 dollars. I would say the place needs about $15,000 put into it to make it a good rental or 2nd home. I know for certain that one could not build this cottage for the price it sold for. It is extremely high end with top appliances, great hardware, tiled and carpeted floors and has the 11 inch thick walls, built out of Arxx. Added to this one has to remember that is is in the private gated community of Montruex Golf and Country Club with its Jack Nicklaus Signature golf course.

It sold for $425,000 dollars to a bidder on line. Now the seller still has to accept the offer.

If you or anyone you may know have real estate questions or inquiries in the Montreux, Galena Forest, ArrowCreek, Saddlehorn, St. James or Scotch Pines areas, please contact Louise Simpson by email at louise@montreuxgolf.com or by cell at (775) -750-1901.

Louise Simpson

Greetings, I was born in South Africa, and moved to Nevada over 30 years ago. I have resided in the Reno area for the past 25 years, living the past 20 years in Galena Forest Estates, much of it with my three lovely sons. I have been involved with the Montrêux Real Estate Group since its inception in the early 90's, and was previously the marketing director of the Montrêux Development Group the past eight years. Having known the area for so long, and believing I could help share the Montrêux area with others, I chose to begin selling homes with Dickson Realty, the broker of record at Montreux and one of the most professional real estate companies in the greater Reno, Nevada area. I am happy were I am and would love to help you find a quality, yet affordable home or piece of real estate in Reno or the Montrêux area. Reno living, with its outdoor lifestyle, fresh air, proximity to Lake Tahoe and the Sierras, not to mention Nevada's tax friendly attitude to businesses, make the area one of the best-kept secrets in the United States. Additionally, Montrêux has spared nothing in its goal to make it the best place to live in town, since quality of life usually takes precedence over everything else. Please feel free to contact me for a relaxed, no-pressure meeting if you are interested in buying or selling a home in the Reno, Nevada area. I look forward to meeting anyone interested in real estate opportunities, even if you're uncertain about buying a home. I will listen to your needs and work diligently to find you a home, or steer you in the right home-buying direction otherwise. Please call or email me if you have any questions - I really believe I can make a difference in your search for finding or selling a home. Ms. Louise Natalie Simpson P.S. If you'd like to see a video about Montreux, please see the following clips: YouTube

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View Comments

James S. says:

January 27, 2012 at 3:04 am

Wow - I can't believe a property sold at auction for 425 grand where it had previously sold for $900,000. That seems too good to be true.

I think I'll need to attend the next auction at Montreux. Great Blog Post!