AUCTION: March 3rd at 5pm

Masthead Marina and Sawmill Hill are located minutes outside of Ketchum approximately 1 hour drive from Tulsa.  Situated on south Grand Lake near Pensacola Dam, there are many attractions including restaurants, golf courses, fishing, and areas to ride ATV/UTV’s.

All parcels are located on a unique peninsula offering panoramic views of Grand Lake with the Marina situated on the back side of the peninsula offering a secluded cove for docking boats.

Auction Overview

AUCTION DATE & TIME:
Friday, March 3rd at 5pm

AUCTION LOCATION:
(OFF-SITE) Pine Lodge Resort
33635 Dock Road
Afton, OK

OPEN HOUSE / INSPECTIONS:
View at your convenience during daylight hours

BUYER-BROKER:
3% Broker Participation

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

This auction provides the first opportunity to purchase an operating business with 35.35+/- acres of development land or a site to build a home on south Grand Lake.   The property is being offered in 4 parcels ranging from 2+/-ac to 12+/-ac allowing bidders to purchase the operating business or a parcel(s) of land.

Sawmill Hill and Masthead Marina is located 1.5 miles east of Ketchum and 1.5 miles south of Hwy 85 in one of the premier locations on Grand Lake. The property consists of 35.35+/-ac in 4 parcels.  This is a unique property that has been in the same family since Grand Lake was impounded.

Parcel 1: MASTHEAD MARINA 2.02+/- ac,1055.44′ waterfront Marina facilities
Masthead Marina consists of 49 boat slips.

18 – 35’ slips
7 – 45’ slips
24 – 30’ slips
A boat house is located at the property with both men and women bathrooms, a small room with table and laundry facility.
Parcel 2: 4: 10.22+/-ac, 788.6′ waterfront
Parcel 3: 12.21/-ac, 966.0′ waterfront
Parcel 4: 10.90+/-ac 410.1′ waterfront

Directions: 1.5 miles east of Ketchum then 1.5 miles south of Hwy 85

UTILITIES/SCHOOLS:

SCHOOLS:   Ketchum
TAXES:        2016 – $1,064.74
ELECTRIC:   REC
WATER:       Ketchum Water Parcel 4

All map & boundary illustrations are approximate – please refer to survey.
Property pictures & video represent identified parcel(s) however, pictures & video may show multiple parcels and/or property not included in the auction.

Property Video

Pictures of Parcels 1-4

All map & boundary illustrations are approximate – refer to survey.

Directions: 1.5 miles east of Ketchum then 1.5 miles south of Hwy 85


Download
Water Map


Download
Survey

DISCLOSURES:

•Locations of parcel signs, maps, and picture illustrations are for reference only. Refer to survey for boundaries if available and/or legal descriptions.
•If property divides, all abstracts covering any individual parcel will be placed on deposit with said title company to be held for the use of any and all future buyers. Buyers are responsible for the cost of supplemental abstract(s).
•Buyer will pay $1,000 survey fee per parcel.
•Permit is up to date for Commercial dock on Parcel 1

TERMS & CONDITIONS:

  • 3% Buyer’s Premium applies to this sale.  Buyer’s Premium is an additional fee (3% of high-bid amount) paid by the high-bidder.
  • All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
  • CJ Auctions represents the seller only.
  • The high bidder must make a 10% ($5000 minimum) non-refundable deposit on sale day (cash, personal or cashier checks).
  • Buyer will receive deed and title insurance.
  • Buyer will pay for (but not limited to) the closing fee and title policy.  Taxes will be prorated through date of closing.
  • Balance and closing cost are due within 45 days of seller acceptance.
  • Sale is subject to seller confirmation.
  • All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government issued identification.
  • Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
  • All persons inspecting the property or attending the auction do so at their own risk and shall not hold CJ Auctions or their agents liable for damages to their person or property.
  • Online Bidding: Individuals must wire funds 72 hours prior to auction to be fully authorized to bid online.  Please contact CJ Auctions at 918-550-8118 for wiring instructions and amount.

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

Method of Sale:

Parcels 1-4: ‘buyers choice’ – by the dollar

• Buyer’s choice may be offered when more than one property/parcel is being auctioned
• Successful high bidder wins the right to choose a property/parcel or properties/parcels from a grouping of similar or like-kind
properties
• After high bidder selection, the property is deleted from the group and the bidding commences again
• Process continues until all properties/parcels are selected