Talisman Plantation includes forests, farmland, restored wetlands and sandy beaches on four miles of waterfront along Prospect Bay. (Courtesy of Premiere Estates Auction Co.)

Talisman Plantation, an 820-acre waterfront estate at 300 Talisman Circle Rd. in Grasonville, Md., on the Eastern Shore, has been a playground for wealthy and well-known people since it was established in the early 1930s.

Now it will be sold at an auction on Oct. 1.

Madison Avenue advertising icon Arthur H. Kudner Sr. amassed the estate, which includes forests, farmland, restored wetlands and sandy beaches on four miles of waterfront along Prospect Bay.

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A permanently protected wildlife haven has been established on 600 acres of the property for osprey, wild turkeys, herons and white-tailed deer. Three generations of the Kudner family have owned the estate, where they played host to friends from the worlds of advertising, politics, professional sports, Hollywood and publishing. Perhaps the most famous guest at Talisman was actress Grace Kelly, who became Princess Grace of Monaco, a family friend and matron of honor at the wedding of Arthur H. Kudner Jr.

The original manor house, a brick, Greek Revival-style dwelling built in 1934, includes more than 8,000 square feet of living space, with eight bedrooms, six bathrooms, wood-burning fireplaces, exposed beam ceilings, built-in bookcases, ornamental woodwork and a screened-in patio. The estate also has a five-bedroom, three-bath guest house, a swimming pool, a tennis court, horse stables and barns.

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Approximately 200 acres of the property can be developed.

The property will be sold in a sealed-bid auction by Premiere Estates Auction Co. All bids will be opened at noon on the day of the auction. The property was most recently listed for sale at $10.9 million, but no minimum bid is required. Bidders must register and submit a $150,000 deposit.

For more information about the property or the auction, visit www.talismanplantation.com.

Michele Lerner is a freelance writer. To pass on a tip or news item, contact us at realestate@washpost.com and put “Town Square” in the subject line.