Archive for “June, 2016”

Beer Baron’s Former Waterfront Estate with Mega Yacht Dockage Heads to Auction

An impressive waterfront mansion in Fort Lauderdale, Florida that was originally built for Richard Yuengling of the D.G. Yuengling & Son beer empire will be sold at a live auction on June 30, 2016. Platinum Luxury Auctions, a veteran real estate auction firm headquartered in Miami, Florida, is managing the sale in cooperation with the property’s listing agent, Tim Elmes. Mr. Elmes and the Tim Elmes Group comprise a luxury sales team within the Fort Lauderdale office of Coldwell Banker Residential Real Estate. Although recently offered for sale at $10 million, the mansion will now be sold to the highest bidder who meets or exceeds a bid of only $4 million, which is the reserve price established for the luxury auction.

Yuengling built the estate shortly after he acquired the property in 1999. Known as a “point lot,” the property occupies the southeastern portion, or “point,” of one of the streets in the Las Olas Isles, a collection of posh waterfront neighborhoods just east of downtown Fort Lauderdale. The estate offers 300 feet of deep-water boat dockage, consisting of 150 feet on the Intracaostal Waterway and 150 feet on a private canal, allowing for the accommodation of two yachts in excess of 120 feet each.

Interestingly enough, the southeastern point of the isle to the east of Yuengling’s former home was once owned by another beer magnate. Adolphus Busch III, the former president and CEO of Anheuser-Busch and the grandson of the company’s founder, built a 12,000 sq. ft. vacation home there in 1938.

Yuengling’s former mansion is presently owned by a retired pharmaceutical entrepreneur, who also owns several other properties in the South Florida area. He listed the property for sale after moving into a new home, but when the listing wasn’t producing the desired level of interest using traditional brokerage methods, the owner and Elmes hired Platinum to offer the mansion via luxury auction. The auction house specializes in the non-distressed sale of multi-million dollar properties within and outside of the United States, and it has completed more than $480 million in luxury real estate auction sales to date, all on behalf of wealthy homeowners.

“We’re excited to be managing the sale of this exceptional waterfront property, and to be doing so in cooperation with Tim Elmes and his team,” stated Trayor Lesnock, Platinum’s founder and president. “Tim is a powerhouse waterfront specialist in this market, and our combined resources make for an incredibly potent, international sales platform.”

In addition to its water-frontage, the estate features a Mediterranean-inspired residence of nearly 11,800 square feet of interior space, with 6 bedrooms, 7 full and 2 half baths. There are two main living levels, in addition to a partial third level that offers a large entertainment space with a wet bar and waterfront terrace.

Additional features of the home include a two-story foyer with a sweeping spiral staircase, primary and “junior” master suites, a gourmet kitchen, fitness center, “captain’s quarters” with convenient dock access, three bars, a 4-car garage, 2,000-bottle wine room, home theater, and a wood-paneled study.

The grounds offer a gated entry, Chicago brick paver driveway, extensive landscaping with mature palms, and a vast outdoor living area situated on the waterway, complete with a custom pool and spa. The canal-side dock also contains a motorized lift for small watercraft such as jet skis.

Property previews will be held every Thursday-Sunday between 12pm and 4pm, until the auction date. Interested parties may contact Platinum Luxury Auctions at 800.215.1457 or click here for additional details.

HGTV Award Winning Home in Hawaii Heads to Auction with Platinum Luxury Auctions

Platinum Luxury Auctions has announced an upcoming, luxury real estate auction on the island of Kauai, Hawaii’s “Garden Isle.” Located in the community of Princeville on the island’s North Shore, the property was recently asking $9 million, but will now be sold to the highest bidder who meets or exceeds a bid of only $3 million at auction. In 2015, the home was awarded HGTV’s “Favorite Backyard Retreat,” as part of the popular television network’s Ultimate House Hunt contest. The live auction sale will be held at the property site on July 23rd.

After a lengthy listing period with no viable offers, the property’s owners retained Platinum in order to achieve a more expeditious sale of the home. The auction marks Platinum’s first offering in Hawaii, and represents one of six high-priced property auctions the firm has scheduled for July and August, as it nears the $500 million mark in luxury real estate auction sales. Platinum is managing the sale in cooperation with Kauai’s leading real estate firm, Hawai’i Life Real Estate Brokers. Listing agents Ben Wellborn and Tiffany Spencer are representing Hawai’i Life in the transaction.

“The Hawai’i Life team has certainly been involved in its fair share of real estate auctions, and we’re pleased to be joining forces with two of their top agents for this exciting opportunity on Kauai’s North Shore,” noted David Ashcroft, Platinum’s director of business development. “The depth of natural beauty surrounding this property and the lifestyle associated with Kauai real estate ownership are opportunities that we’re pleased to present to our international audience of wealthy buyers.”

The property sits on a pristine and secluded parcel of more than 1.5 acres in size. It’s elevated location allows for panoramic views of Kauai’s coveted Hanalei Bay, in addition to an awe-inspiring landscape of natural waterfalls, verdant mountains, sublime sunsets, and rather frequent rainbows. These views, combined with the property’s impressive main lanai – which includes a 50-foot saltwater pool and spa, a resort-style waterfall and grotto, multiple fire pits, and an outdoor kitchen – that earned the estate the HGTV award.

Built in 2011, the property is comprised of a main residence and a separate guesthouse. In total, there is more than 5,700 square feet of living space, with 4 bedrooms, 4 full and 2 half baths, in addition to 2 outdoor showers. Interiors are luxurious yet relaxed, and feature materials that were sourced from around the world, including hand-hewn wooden flooring, Indonesian granite, Brazilian mahogany, and Italian stone. Additional amenities include state-of-the-art technology such as an indoor/outdoor wireless audio system, remote controlled sunshades, and Lutron “graphic eye” custom lighting. A beautiful Koi pond located within the main foyer, and a wall of sliding glass doors that open the interiors to the sprawling lanai, emphasize the residence’s harmony with its natural surroundings.

As the oldest of the volcanic islands in the Hawaiian archipelago, Kauai earned its “Garden Isle” nickname due to the immense beauty of its emerald green landscapes. From the misty peaks of Kawaikini to the depths of Waimea Canyon, the 6 million-year-old island’s natural beauty can seem almost otherworldly. It’s for this reason that Kauai has served as a filming location for big budget Hollywood pictures that wish to capture the island’s exotic essence, such as the 1993 blockbuster Jurassic Park.

Property previews begin June 27, and will be held daily from 12 to 4 p.m. HST, until auction day. Interested parties may contact Platinum Luxury Auctions at 800.262.5132 or visit HILuxuryAuction.com for additional details and downloadable materials.

Snell Real Estate and Platinum Luxury Auctions Announce Strategic Alliance in Los Cabos, Mexico

Snell Real Estate in Los Cabos, Mexico has announced its strategic alliance with Platinum Luxury Auctions, the most specialized luxury real estate auction firm in the industry. The veteran auction house is the company behind the development of the luxury auction®️ model for non-distressed, multimillion-dollar property sales by auction, on behalf of wealthy sellers.

“Snell Real Estate wants to provide every proven marketing and sales option to its clients. That is why we are members of LuxuryRealEstate.com, the largest network of luxury agents in 63 countries, which gives our clients expansive worldwide coverage. Now, by joining forces with Platinum Luxury Auctions, our clients have yet another potent marketing tool available to them in today’s market,” stated Vanessa Fukunaga, President & CEO of Snell Real Estate.

Snell Real Estate of Los Cabos, Mexico and Platinum Luxury Auctions of Miami, Florida have announced a strategic real estate alliance designed to offer market-leading, luxury real estate auction services to multimillion-dollar homeowners in the Los Cabos marketplace. The firms are currently vetting properties to be offered for sale via Platinum’s non-distressed, luxury auction platform during the fourth quarter of 2016.
As Los Cabos’ number one luxury real estate agency – with a dominant share of the market’s multimillion-dollar listings – Snell Real Estate is dedicated to offering homeowners and developers broad-spectrum guidance throughout each step of the luxury real estate marketing and sales process, ensuring that forward-thinking client care remains the bedrock of the organization.

Striving for excellence in professionally facilitating all homeowner and developer needs, Snell Real Estate can now provide the most sophisticated and effective auction model to those sellers who express an interest in utilizing the services of a luxury real estate auction company, through its alliance with Platinum.

“Our team has been thoroughly impressed with the luxury real estate market in the Los Cabos corridor,” noted David Ashcroft, who serves as Platinum’s director of business development and its corporate liaison. “By aligning our services with Snell Real Estate, we are ensuring that the marketplace’s luxury homeowners have a dynamic sales solution that is truly without equal in Mexico’s California Baja Sur.”

Platinum Luxury Auctions is the only luxury real estate auction company founded exclusively on experience in the non-distressed auction sale of multimillion-dollar properties on behalf of affluent owners. The members of Platinum’s team have closed more than $480 million in luxury real estate auction sales, and have advised or consulted on nearly $1.75 billion in additional luxury auction property volume.

Snell Real Estate and Platinum are currently vetting a number of properties that will be offered for sale by luxury auction℠ in the fourth quarter of 2016. For more information on this exciting luxury real estate alliance in the California Baja Sur, visit SnellRealEstate.com or PlatinumLuxuryAuctions.com.