18 MAGNIFICENT TOWNHOMES AND SINGLE-FAMILY VILLAS AT “THE PENINSULA” RESORT IN DELAWARE TO SELL AT AUCTION

Luxury Mid-Atlantic Development Features Jack Nicklaus Signature Golf Course, Fitness Center, Private Fishing Pier, White Sand Beach, Water Park, and Indoor and Outdoor Pools

Seven to be Sold Subject to Minimum Bids Starting at $200,000

the-peninsula.jpgNew York, NY – April 1, 2009 –Eighteen three- and four-bedroom town homes and single-family villas at luxury award-winning residential development ‘The Peninsula,’ voted The Best Resort in Delaware, are to be sold at a Sunday, May 17th auction conducted by Sheldon Good & Company Auctions, LLC. (www.sheldongood.com).

The open outcry auction will be held at The Westin Annapolis, 100 Westgate Circle, Annapolis, Maryland. Registration begins at 11:00 am with the auction commencing at noon. Viewing dates are April 25 and 26; May 2, 3, 9, 10, and 16 from noon to 3pm.

“Our auction event is a rare opportunity to acquire exquisitely high-end, impeccably-appointed Miller & Smith residences in one of the most sought-after resort locations in the country,” said Michael Fine, Sheldon Good Executive Vice President and Director of Project Management.

Fine continued, “The homes are exceptional and the property is stunningly beautiful, offering exclusivity, privacy, and a variety of recreational activities to suit every age group. Originally priced up to $890,000, seven of the properties will be sold subject to minimum bids starting at $200,000, representing up to a 71 percent discount from original prices. Thus, the auction represents a once-in-a-lifetime buying opportunity unmatched anywhere on the Mid-Atlantic Coast!”

“We have opted to determine market demand for these elegant homes through the auction process, accelerating the sales, so that we may re-direct our efforts to continued construction within The Peninsula,” said Dale Hall of Miller and Smith, voted 2008 Builder of the Year.

The Peninsula is situated only two-hours from Washington, DC, Baltimore and Philadelphia, only three hours from New York City, and just 15 minutes from the State’s famous Rehoboth Beach. The resort is set on nearly 800 acres nestled within the pristine wetlands and preserves of Millsboro, Delaware.

Designed for luxurious vacation living and year-round entertaining, the townhomes and single-family villas alike feature patios and porches, screened sleeping and dining areas. Gourmet open-planned kitchens are complete with center islands, custom cabinetry and granite or Corian countertops, and the elegant baths feature soaking tubs with separate showers. Buyers may choose from seven distinct floor planned residences–The Bar Harbor, Bermuda, Catalina, Hampton, Malibu, Newport, or South Beach.

For golf aficionados, The Peninsula resort is virtually a paradise. Dubbed ‘The Pebble Beach of the East’ by Nicklaus himself, the 7,200-yard, par 72 golf course is landscaped with seven signature waterfront holes weaving through the development’s exclusive neighborhoods. A members-only championship course, situated along the Delmarva Peninsula coast, it’s the first of its kind in Delaware, a uniquely challenging course designed for ultimate playability.

Beyond golf, there are a plethora of sports and adventure activities offered at The Peninsula, namely a state-of-the-art 20,000 square foot athletic center, bike riding paths, private fishing pier, white sand beach, indoor and outdoor pools, an adults-only pool, freshwater Wave Lagoon with towering slide and water park. At the heart of The Peninsula is the Lakeside Village Center, a magnificent open-air community center that hosts entertainment and social activities throughout the year.

An example of the available homes:

27476 S. Nicklaus Dr.
The Bermuda: a four-bedroom, 4 ? bath 4,146-square-foot home previously listed at $875,870 with a minimum bid of $300,000, offering stunning golf course, bay and water views, backs onto trail and woodland preserve, two-level screened porch and expanded third floor in the Veranda neighborhood.

33090 Ambling Way
The Malibu: a three-bedroom, 3 ? bath, 3,919-square-foot home previously listed at $659,650 with a minimum bid of $200,000, backing onto wooded trail, two rear-screened porches, additional fourth bedroom, in the Conservancy neighborhood section.

For further information about the auction of residences at The Peninsula, please contact Sheldon Good & Company at 1 (800) 315-2199.

About Sheldon Good & Company

Sheldon Good & Company Auctions (www.sheldongood.com) has been rated the premier real estate auction company by a number of prestigious financial publications. The company has aggregate sales of over $10 billion. For further information, please call Sheldon Good & Company at (800) 516-0014.

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