SOURCE: J. P. King Auction Company

J. P. King Auction Company

August 22, 2011 18:10 ET

Hagadone Estate to Be Offered at Auction at One-Third of Original Asking Price

COEUR D'ALENE, ID--(Marketwire - Aug 22, 2011) - On September 8, renowned Idaho businessman Duane Hagadone will offer his Coeur d'Alene, Ida., home at a real estate auction. The home, which had an original asking price of $27.5 million, will sell at a price at or above $7.5 million through J. P. King Auction Company.

The home features three bedroom suites and nine bathrooms, along with amenities that appeal to any entertainer. The layout of the home leads back to a large great room, which boasts disappearing glass panels that open the great room up to the outside patio area.

"It's located in a spectacular place," said Hagadone, who rebuilt the home nine years ago. "It was important to us to have privacy and security, and it was a great retreat for us."

Hagadone owns Hagadone Corporation, which publishes several newspapers throughout the Northwest. He also owns Hagadone Hospitality Company and other hotels in the region, including a 180-hole waterfront golf course with the world's first and only floating green.

With views of Lake Coeur d'Alene, which National Geographic ranked as one of the most beautiful lakes in the world, the Hagadone Estate provides an outdoor retreat with its pool, hot tubs, tennis court, golf hole, outdoor kitchen, bar, fireplace and perfectly manicured lawns to match the views.

The home also includes a fully-gated and partially-heated drive, nine-car garage and helipad along with a two-story, two bedroom guest home. For indoor entertaining, the home includes an indoor pool, indoor tennis court, game room and bowling alley.

The auction will take place on Thursday, September 8 at 2 p.m. on site at 3155 East Harrison, Coeur d'Alene, Ida. Property tours will be available from August 30 through auction day by appointment. For additional information, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

J. P. King Auction Company specializes in high-value properties and portfolios such as luxury homes, developments, condominiums and land and ranches. The company has marketed properties in all 50 states and six countries with recent sales in California, Virginia, Colorado, West Virginia, Florida and Montana.

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