The occasion was a final auction of Casa de la Loma ("House on the Hill"). Seventeen bidders had flown in from international locations with $100,000 participating checks in hand.
Instead of holding the auction, however, McEwan and the mysterious buyer's rep struck a deal minutes before the event was to begin and the auction was called off.
The estimated price, according to area brokers intimate with the transaction: $6.4 million ($200 per sf) or about 2 ½ times the $2.66 million taxable value ($84 per sf) currently placed on the 10-year-old property by Lake Tax Collector Bob Mckee.
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