SOURCE: DeCaro Luxury Real Estate Auctions

DeCaro Luxury Real Estate Auctions

July 03, 2014 08:51 ET

DeCaro Luxury Real Estate Auctions Announces Absolute Auction for Famed Waterfront Estate in Queenstown, Maryland

22,500-SF Mansion on the Wye River to Be Sold to Highest Bidder Without Reserve on July 19

QUEENSTOWN, MD--(Marketwired - Jul 3, 2014) -  DeCaro Luxury Real Estate Auctions has announced an absolute auction on July 19, 2014 at 11:00 a.m. for 300 Wye Narrows Drive. The 22,500-square-foot home, known as The Penderyn Estate, was built on an 18-acre peninsula on the Wye River in Queenstown, Maryland and will sell to the highest bidder without reserve on auction day.

"The Penderyn Estate was originally built for Mario Boiardi, whose father is best known as Chef Boyardee," said Daniel DeCaro, DeCaro Luxury Real Estate Auctions Founder and Auctioneer. "The impeccable handmade-brick mansion is surrounded by gorgeous trees, beautiful meadows, formal courtyards and panoramic views of the shoreline. The current homeowner took great care to maintain the authentic elements of the estate and is offering luxury homebuyers an unrivaled purchasing opportunity."

The Penderyn Estate overlooks more than 2,000 feet of shoreline along the DeCoursey Cove of Maryland's Wye River. The Georgian-style home with large Palladian windows boasts eight bedrooms, nine full bathrooms, three half-bathrooms, 11 wood-burning fireplaces, elegant French doors, private balconies and English chimneys.

A large marble foyer graces the entrance of the estate and leads to an opulent, 60-foot-long arched hallway that opens to the rest of the home. The Penderyn Estate has several living and dining areas, each with one-of-a-kind finishes, including: a conservatory with vaulted ceilings and a hand-painted trompe l'oeil mural; a 22-seat formal dining room with a signed Perry of London crystal chandelier; and a living room with a 17th century limestone fireplace.

On the first floor of the estate a gourmet kitchen features a large island with stainless steel Hobart appliances, including a divided sink, dish washer and trash compactor. The kitchen also has a stacked double oven, six-burner gas stove and a state-of-the-art, AGA® heat-storage oven made of royal-blue cast iron.

On the second floor, there are five bedroom suites, including a stunning master bedroom and a caretaker's quarter. The bedrooms feature a fireplace, balcony and en-suite bathroom with a large soaking tub. The master bedroom also features a separate reading room, a balcony with waterfront views, and a luxurious master bath with his and hers sinks and separate rooms for dressing and showering. In addition, an attached in-law wing also offers three more bedrooms with en-suite bathrooms; two are located on the first floor of the wing and one is located on the second floor.

Sprawling grounds at The Penderyn Estate feature several gardens with colorful flowers, an in-ground swimming pool, a large patio for entertaining and lounging, and a pool house. Other notable features of the estate include a personal sauna, a drawing room, a billiards room and an attached, heated garage with parking for four cars.

Approximately an hour from Baltimore, Washington, D.C. and Philadelphia the Penderyn Estate is situated on the Eastern Shore of Queen Anne's County in the historic town of Queenstown, Maryland. The private, 18-acre peninsula that encompasses the home juts into the Wye River, providing the opportunity for numerous outdoor activities, such as boating, tubing, kayaking and canoeing. A 157-foot dock with 11 boat slips is also available for the High Bidder of Penderyn to purchase on the adjacent lot.

The estate is open for prospective buyers to view on Saturdays and Sundays, from 1:00 p.m. to 4:00 p.m. beginning Saturday, June 28, 2014. The last scheduled open house will be held the day before the auction on Friday, July 18, 2014 from 1:00 p.m. to 4:00 p.m. The estate may also be shown by private appointment by contacting DeCaro Luxury Real Estate Auctions.

The absolute auction of this private estate will be held onsite at 300 Wye Narrows Drive in Queenstown, Maryland on Saturday, July 19 at 11:00 a.m. Broker participation is invited.

For additional information about this luxury auction or to set up a private appointment to tour the home please call 1.800.332.3767 or visit www.DeCaroAuctions.com.

About DeCaro Luxury Real Estate Auctions: Founded by Daniel DeCaro, a licensed real estate broker and luxury property auctioneer, DeCaro Luxury Real Estate Auctions has been auctioning luxury properties of distinction for more than 35 years. DeCaro has sold billions in luxury assets, executing flawless nationwide live auctions. DeCaro is the foremost leader and innovator in the field of auctioning luxury estates, yachts, and aircraft. For more information call 1.800.332.3767.

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