Luxury Property on Two Lakes, Previously Listed at $5.1 Million

  • Michigan lake house on a freshwater island up for auction with starting bid at $1.7 million
  • Originally listed at $5.1 million, now headed to auction through Interluxe Auctions
  • Property includes four-bedroom Nantucket-style cottage, boathouse, and more
  • Located between Half Moon Lake and Blind Lake in Lyndon Township

A luxurious lake house in Michigan is now up for auction with a starting bid of $1.7 million after failing to sell through traditional means. The property, known as Eagle’s Crest, is located on an 80-acre island between Half Moon Lake and Blind Lake in Lyndon Township and features a four-bedroom Nantucket-style cottage, boathouse, and more. Originally listed at $5.1 million, the property was relisted in July and remained on the market for less than a month before being put up for auction through Interluxe Auctions.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the property, its location, features, and auction details. However, it briefly mentions a legal case involving the seller without providing much context or detail, which could be seen as tangential to the main topic.
Noise Level: 6
Noise Justification: The article primarily focuses on the details of a luxury property auction, which may not be relevant or useful for most readers. It also includes some information about the seller’s legal issues, but does not delve deeply into them. The content is mostly centered around real estate and auction news, with little analysis or context provided.
Private Companies: Interluxe Auctions,General Medicine P.C.
Key People: Tom Prose (Doctor and Founder of General Medicine P.C.), Stacy Kirk (Representative of Interluxe Auctions)

Financial Relevance: Yes
Financial Markets Impacted: The auction of a luxury lake home with a starting bid of $1.7 million may impact the real estate market in Michigan and potentially affect related businesses such as construction, architecture, and interior design.
Financial Rating Justification: The article discusses the sale of a high-end property which could have an effect on the local real estate market and related industries.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
Move Size: No market move size mentioned.
Sector: Real Estate
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.barrons.com