Splendor on Shenango Lake
13,000-square-foot equestrian estate will go to highest bidder
Mark Jennings of Piatt Sotheby’s International Realty has handled some spectacular properties, but 101
Carrier Road in Pymatuning is new territory for the veteran broker.
The 13,000-square-foot equestrian estate has nine bedrooms, seven full baths, three powder rooms, a helicopter pad, a 54-foot-long indoor pool and 90 acres overlooking Shenango Lake in Mercer County. There’s also a 5,000-square-foot lodge, a similar-sized stables, hangar-style garage space and an additional 10,000 square feet of indoor space available for use.
“This house is going to auction, without reserve,” Mr. Jennings said.
The property is listed for $3.9 million (MLS No. 1277931), but that price won’t matter once the auction starts; there is no minimum bid. Online bidding is scheduled to begin at 2 p.m. Wednesday and there will be open houses from 1-4 p.m. Sunday with either Mr. Jennings (412-3219999) or Susan Sacher (646-255-6314).
Bidders set up an online profile on a mobile phone app and must be pre-qualified to bid on the property. The deadline to sign up is 6 p.m. Monday. Anyone can download the app and watch the auction in real time.
The home is being marketed jointly by Piatt Sotheby’s (www.sothebysrealty. and Concierge Auctions (www.conciergeauctions.com). Barbara Corcoran of the reality TV show “Shark Tank” is a strategic adviser for Concierge Auctions.
“They refined the auction process to sell these types of properties around the world,” Mr. Jennings said. “The auctions are going on every other day. It brings world exposure to the property.”
The property’s first owner was a member of the Reimold family who received it in payment for service in the Revolutionary War. It was owned by the family until 1989. Upon John A. Reimold’s death, the property was sold to the current owners, who wish to remain anonymous. All of the the coal and mineral rights come with the property.
The 90-acre parcel has no neighbors. The 1,000 acres abutting the lake are under control of the Army Corps of Engineers and no development will take place there.
After the owners bought the property in 1989, they built a three-bedroom lodge with two bathrooms and two powder rooms. Inside the lodge, a 200-ton fireplace with a stone façade rises 30 feet high and 25 feet wide.
Construction began on the main house in1998 and the architect was T.J. Rollinson.
The customized wrap-around kitchen has two island bars with counter seating, a central dual-oven grill, wood and granite counter tops and a glass-encased fireplace. Guests can watch the chef cooking from the several vantage points in the home.
The dining room has a wall of built-in
glass cabinets and a wall of windows that lets in sunlight on three levels. A seating area has a partial glass floor that reveals the pool below.
Water is a recurring theme in the home. The indoor pool, which is fed by a 30-foot-high waterfall, was built within a three-story atrium.
An elevator carries residents to a theater room and a revolving room on top that offers amazing views of the Shenango Reservoir. There is also a cavelike wine cellar on the lower level.
The master bedroom suite accesses an upstairs balcony featuring a second glass-encased fireplace, seating areas, a luxury spa bathroom and outdoor living spaces under large porticoes.
The barn houses horses and cows and the game lands across West Lake Road have paths for walking, jogging or horseback riding.
Bidders pay a fully refundable $100,000 deposit and must show their ability to complete the sale and close within 30 days, Mr. Jennings said. There is a 12 percent buyer’s fee on top of the sales price.
Mr. Jennings is looking forward to watching the auction first-hand.
“It is a fascinating business model.”