Vail Real Estate Auction August 26, 2009

LUXURY REAL ESTATE AUCTION VAIL, COLORADO

AUGUST 26TH, 2009 • 10:30 A.M. The winning bidder will have a choice of

ONE OF TWO RESIDENCES!

LIVE AUCTION BID IN PERSON, ONLINE, OR BY TELEPHONE MINIMUM BID:

$1,600,000 PREVIOUSLY LISTED AT: $2,799,000 (EACH)

VailRealEstateAuctions.com OR CALL 1-888-VAIL-BID (824-5243)

TORZETTO RESIDENCE 1 | 4327 STREAMSIDE CIRCLE 4-BEDROOM, 4.5-BATH, 4,283+/- SQ.FT. Stunning four bedroom home trimmed with tall pines and lush mountain landscaping. This new, contemporary mountain design provides a spectacular sense of living at nature’s doorstep with extensive use of glass, wood and stone. Designer gourmet kitchen, dramatic fly-away wood and beam ceiling, heated stone entry and master bath floors, sunny, south-facing decks, four full and two half baths, den, studio, finished lower level and two-car garage.

WEB ID: AB18368

Vail

When it comes to ski resorts, Vail is consistently ranked amongst the best. A blend of American and European cultures, Vail is charmed with cobblestone streets and walkways. In the summer, fill your days hiking through Colorado wildflowers and your nights with cultural events like Bravo! Vail Valley Music Festival and the Vail International Dance Festival. In the winter, soft powder blankets the largest ski mountain in the United States.

East Vail, just minutes from Vail Village, is a true alpine setting. Huge evergreens and established trees line the neighborhoods. Gore Creek runs through with great fishing and excellent rafting and kayaking during the spring. Outside your door are numerous hiking, snowshoeing, cross-country skiing trails and parks including Bighorn Park with a small scenic lake and surrounding path, playgrounds and dog run areas. Work out in the fitness facility or play on the 12 tennis courts at the Vail Racquet Club and enjoy fine dining at the Bighorn Bistro afterwards.

With the easiest access from Denver, East Vail is a highly sought after location amongst the destination resort areas of the Vail Valley.

SLIFER SMITH & FRAMPTON AUCTION DIVISION

WEB ID : AB18367

TORZETTO RESIDENCE 6 | 4367 STREAMSIDE CIRCLE 4-BEDROOM, 4.5-BATH, 4,179+/- SQ.FT. End residence with private drive, only steps to the Town of Vail bus stop. Beautiful alpine vistas, heated gallery stone entryway, heated master bath floor, cathedral wood ceilings, dramatic Colorado flagstone fireplace, high windows, and decorative light panels bring nature inside while colorful landscaping, towering pine trees and the forested beauty of East Vail beckon from sunny, south-facing decks and walk-out patios.

VAILREALESTATEAUCTIONS.COM

SLIFER SMITH & FRAMPTON AUCTION DIVISION In a continuing promise to lead the industry and deliver superior results, Slifer Smith & Frampton now offers a unique opportunity to buy and sell luxury real estate through our Auction Division. Since 1962 when Vail’s first broker Rod Slifer founded our company, we have grown into the area’s largest and most experienced real estate firm, with over 100 brokers in 18 offices. Building upon four decades of service, Slifer Smith & Frampton now accounts for approximately half of Eagle County’s sales volume. Along with full-time, in-house closing, marketing and technology departments, we offer an award-winning website that averages over one million visitors a year from 140 countries. Our exclusive list of trusted clients spans the globe.

Slifer Smith & Frampton’s real estate auctions are an extraordinary opportunity to sell and purchase luxury property in the Vail Valley, one of the world’s most prestigious resort markets. Imagine a sales event that brings together a committed seller and multiple qualified buyers eager to bid through the traditional live auction format as well as telephone and secure, online bidding during the event.

With over four decades of service, we have the expertise to help you accomplish your goals whether you are buying or selling. Count on experienced real estate brokers to help you make the right decision.

OPEN HOUSE SCHEDULE Friday, July 24, 2:00-5:00 PM Sunday, July 26, 12:00-3:00 PM Wednesday, July 29, 2:00-5:00 PM Saturday, August 1, 2:00-5:00 PM Wednesday, August 5, 2:00-5:00 PM Saturday, August 8, 12:00-3:00 PM

AUCTION INFORMATION Announcements made by Slifer Smith & Frampton Real Estate Auction Division at the time of sale will take precedence over any previously printed material and/or any other oral statements made.

THE PROPERTY IS BEING SOLD TO THE HIGHEST BIDDER IN AN AUCTION SUBJECT TO A MINIMUM BID OF $1,600,000. Once final bid is accepted, if Buyer is declared the successful bidder, Buyer and Seller will immediately execute a Bid Acceptance Form; select either 4327 Streamside Circle, Residence 1, Vail, Colorado 81657, OR, 4367 Streamside Circle, Residence 6, Vail, Colorado 81657, as the Property; execute the Contract to Buy and Sell Real Estate.

Wednesday, August 12, 2:00-5:00 PM Saturday, August 15, 12:00-3:00 PM Monday, August 17, 2:00-5:00 PM Saturday, August 22, 2:00-5:00 PM Monday, August 24, 2:00-5:00 PM

The bidding will be open and verbal. In-person bids, online bids and telephone bids will be accepted.

Bids may be placed prior to the auction.

To obtain a bidder card, Buyer must provide $50,000 in “good funds” via electronic wire no later than close of business the day prior to the auction. At the time of registration for the auction, Buyer must execute a registration Agreement in order to obtain a bidder card.

A seven percent (7%) Buyer’s Premium will be paid by the Buyer and added to the successful bid on the Property. If the Successful Bidder participated in the auction through the internet (online bidding), the Buyer’s Premium shall be eight percent (8%).

AUCTION DAY Wednesday, August 26, 10:30 AM

The Successful Bidder will pay an additional deposit of an amount equal to 10% of the Purchase Price (the “Earnest Money”). The $50,000 previously deposit will be applied towards the Earnest Money.

C AT TA N ’ T EN D ?

B ONLID INE V IS IT FOR W E B DE T S I T E A IL S

The closing will occur on September 23, 2009.

It is the Buyer’s sole responsibility to perform any and all inspections it deems pertinent to the purchase of this Property and to be satisfied as to the Property’s condition prior to bidding. This property is being sold in “as is – where is” condition, with no expressed or implied guarantees or warranties whatsoever. Personal on-site inspection of the Property is recommended and Bidders are advised to independently verify all information they deem important.

Broker participation is welcome. To qualify for registration the real estate broker must: Register their prospect with Slifer Smith & Frampton Real Estate using the Broker Registration Form. The form must be received and processed by close of business the day preceding the auction. The form must be signed by both broker and prospect. All brokers must provide evidence of their active real estate license with the submittal of their Broker Registration Form.

The sale of the Property is not contingent upon the Buyer obtaining financing.

DETAILED INFORMATION OF THE AUCTION TERMS AND CONDITIONS ARE INCLUDED IN THE PROPERTY INFORMATION PACKAGE.

VailRealEstateAuctions.com 1-888-VAIL-BID (824-5243) © 2009 Slifer Smith & Frampton Real Estate