J.P. King Auction Company to Sell Lakefront Estate in North Carolina

HICKORY, N.C.--(Business Wire)--
A marvelous lakefront estate, located in the gated community of Eagle Landing in
Hickory, North Carolina will sell at real estate auction on Saturday, July 11,
2009, on-site at 11 a.m. J.P. King Auction Company, the nation`s leading real
estate auction marketing firm specializing in luxury properties will manage the
sale of the home.

"The town of Hickory, North Carolina has been a 3-time All America City and was
voted by Readers Digest in 1999 as the 8th Best City in the Country to Raise a
Family," said Craig King, president & CEO of J.P. King Auction Company. "The
area has all of the necessities of a big city, from a high rated medical
community, top ranking public school system, thriving arts and science center,
two community theaters and much more."

The lakefront estate is situated on 14.83+/- acres and boasts lake and mountain
views, an equestrian center and a lakefront entertainment center. This estate is
only one of three homes in the secluded Eagle Landing community and offers a
quarter mile of frontage on Lake Hickory.

"The property has many wonderful qualities, but a great appeal to many is that
the estate sits on a peninsula with only two other homes," said owner Rhodney
Honeycutt. "It has an abundance of space on the lakefront that gives the ability
to host more than 400 guests and still have the privacy of a quaint
neighborhood."

The foyer of this 4 bedroom, 5 full and 2 half bath estate home exudes the
luxurious ambiance that is seen throughout the home. The property features 22`
ceilings and the foyer adjoins the master suite, library, dining room and great
room. The master suite boasts 17` multi-level ceilings, wood floors, recessed
lighting and a stairway that leads to an overlooking loft complete with wet bar,
dark/work room and balcony access. The master bath contains "His" and "Her"
dressing areas with antique marbled counters, walk-in closets and an abundance
of cabinet storage. The maser bath also features a large dry sauna,
sunken-jetted tub, double steam/shower stall with dual heads and a marble
cooling bench.

The estate has a formal dining room and a great room with built-ins, large
entertainment center and wet bar that open to a breakfast room including
kitchen. The kitchen`s center island can seat up to 10 people, but can expand to
30 due to the layout of the adjoining breakfast-dining area and formal dining
room.

The gourmet kitchen features Maroon Khabi granite countertops from Africa, hand
hammered custom copper hood, 4 large sub-zero refrigerators/freezers with 2 in
the pantry area, 2 dishwashers, food prep sink, 3 sinks between the dishwashers,
Wolf professional gas range with six burners, grill and double ovens. Additional
amenities include Viking wall ovens, food warmer, masonry fireplace with working
rotisserie and baking pan, wine cooler and under counter refrigerator.

The lower level den area features stained patterned concrete flooring, bar area,
guest quarters, cabana, wine cellar, safe room, exercise room, and see-through
fireplace. In addition to this home`s amenities, a double two-car heated garage
contains in-floor hot water heat and a drain for washing vehicles.

The property has an outdoor living area directly off of the lower level den that
features a pool overlooking Lake Hickory with an attached hot tub with
waterfall. The outdoor pavilion has a fireplace allowing for year round
entertainment.

Lakefront Entertainment Center

The estate has a quarter mile of Lake Frontage on Lake Hickory and the lakeside
entertainment center is ideal for summertime entertaining. The dock area
contains a boardwalk, gazebo, dressing room, dock lift, slips, and kitchen area.
The main dock lift can easily accommodate up to a 30` boat and has slips for 3
jet skis.

Equestrian Center

The property features a top-tier equestrian center that has a 4,800+/- square
foot outdoor riding ring that can also serve as a volleyball court or helicopter
pad, a 4,400+/- square foot indoor riding ring with wood stove and wiring for a
large screen television, a horse barn with 5 stalls, wash stall and guest
quarters with bedroom, bath, and kitchenette complete the facility. The
equestrian center serves not only riding purposes, but provides enough space for
entertaining up to 500 people.

A paved drive wide enough for a golf cart leads from the home to both the
equestrian center and the lakeside amenities.

Area

The estate is located minutes from downtown and a short distance from four
exciting golf courses, Hickory Motor Speedway and Hickory Airport. The lakefront
estate is a short drive from six snow skiing resorts, world-class trout fishing,
Pisgah National Forest, NASCAR Lowes Motor Speedway and central to Asheville,
Winston-Salem, Greensboro and Charlotte.

Individuals interested in more information about the upcoming sale may contact
J.P. King at 800-558-5464 or visit the company`s web site at www.jpking.com.

J.P. King, based in Gadsden, AL, is the nation`s leading real estate auction
marketing firm specializing in high-value properties such as superluxury homes,
condominiums, developments, ranches and land. J.P. King has marketed upscale
properties in 49 states and 6 countries with recent sales in Wisconsin,
Tennessee, Arizona, Georgia, Florida, Texas, Oregon, California, Alabama and
Nevada.

The Conroy Martinez Group
Jose Boza/Jorge Martinez, 305-445-7550

Copyright Business Wire 2009