Chef Bo­yardee man­sion back on auc­tion block

The Kent Island Bay Times - - NEWS - By ANGELA PRICE bay­times@kibay­times.com

QUEEN­STOWN — Pen­deryn, the op­u­lent, water­front Chef Bo­yardee es­tate in Queen­stown, is back on the auc­tion block. The es­tate will sell Wed­nes­day, June 28, in an on­line auc­tion by Concierge Auc­tions as part of the com­pany’s June Port­fo­lio Sale.

Lo­cated at 300 Wye Nar­rows Drive, the 22,500-square foot Ge­or­gian-style man­sion, was con­structed at a cost of $18 mil­lion in 1989 for Mario J. Boiardi, son of the fa­mous Ital­ian canned-foods pro­ducer Chef Bo­yardee, and built for en­ter­tain­ing.

The es­tate sits on a lush, land­scaped penin­sula that in­cludes more than 24 acres with some 2,200 feet of shore­line along DeCoursey Cove on the Wye River.

The prop­erty is listed at an ask­ing price of $7.7 mil­lion with Cliff Mered­ith, an as­so­ciate bro­ker with Mered­ith Fine Prop­er­ties. It has been on the mar­ket for six or seven months, Mered­ith said. He added the auc­tion is an ac­cel­er­ated way of mov­ing the prop­erty.

The sale in­cludes two parcels, Mered­ith ex­plained, the main prop­erty with the man­sion and a sep­a­rate water­front par­cel with a 157foot, deep wa­ter dock with 11 boat slips.

Concierge is han­dling the auc­tion, said Alexan­der Wisot­sky, project sales manager. It brings pre­qual­i­fied buy­ers who are pre­pared to close in 30 days with cash.

The June sale is par­tic­u­larly tar­get­ing Chi­nese real es­tate in­vestors, but prospec­tive buy­ers may bid from any­where in the world via the Concierge Auc­tions’ cus­tom mo­bile bid­ding app.

“When peo­ple regis­ter as a bid­der, they down­load the app,” Wisot­sky said. Dur­ing the auc­tion, they’ll be on their phone with a bid­ding agent; the app dis­plays the cur­rent bid and ask­ing price; they’ll click on the bid but­ton to place a bid.

The Pen­deryn auc­tion will be­gin at 5 p.m. Eastern Stan­dard Time and will prob­a­bly last 45 min­utes to an hour, Wisot­sky said. The re­serve price for the es­tate is $3.5 mil­lion, though he said he an­tic­i­pates it will go for a lot more.

“Any­body can watch the auc­tion if they down­load the app,” Mered­ith said.

Pen­deryn Es­tate boasts eight bed­rooms, nine full and three half baths, 11 wood-burn­ing fire­places, an Ital­ian-styled kitchen with state-of-the-art ap­pli­ances, a din­ing room with seat­ing for 22 guests, a bil­liard room and more, all with 12 foot ceil­ings and cus­tom crown mold­ing.

The bed­rooms fea­ture a fire­place, bal­cony and en­suite bath­room with a large soak­ing tub. The mas­ter bed­room also fea­tures a sep­a­rate read­ing room, a bal­cony with water­front views, and a mas­ter bath with his and her sinks and sep­a­rate rooms for dress­ing and show­er­ing.

The es­tate also in­cludes a par­lor that opens up to a ve­randa and a pool with a 15foot bar, a guest house, an ex­pan­sive court­yard, and a four-car heated garage with an of­fice.

The cur­rent sell­ers are Henry Mein­hardt and Sam Key­ton, op­er­at­ing as Pen­deryn of Mary­land LLC. They pur­chased the prop­erty from for­mer Nex­tel Com­mu­ni­ca­tions owner and CEO Mor­gan O’Brien in a July 2014 auc­tion, clos­ing the sale in Septem­ber 2014. They have mar­keted the es­tate as a wed­ding venue.

The cur­rent own­ers have made a num­ber of im­prove­ments to the prop­erty, in­clud­ing a lot of roof work, Mered­ith said. And they added many fur­nish­ings.

The fur­nish­ings are not part of the auc­tion, but the own­ers are will­ing to ne­go­ti­ate on them, Wisot­sky said.

More in­for­ma­tion can be found at https://www.con ciergeauc­tions.

PHOTO COUR­TESY OF CONCIERGE AUC­TIONS

An ae­rial view of the Pen­deryn es­tate.

PHOTO COUR­TESY OF JEFF JACK­SON

The nine-foot door opens into a two-story foyer with mar­ble floor.

PHOTO COUR­TESY OF JEFF JACK­SON

The bar

PHOTO COUR­TESY OF JEFF JACK­SON

Pen­deryn is sur­rounded by lush, land­scaped lawns and gar­dens.

PHOTO COUR­TESY OF JEFF JACK­SON

One of nine full bath­rooms.

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