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112-Acre “Emerald Hills” Estate in Charlottesville, VA Set for Luxury Auction® June 23rd

Platinum Luxury Auctions Presents Rare Estate, Influenced by Monticello & Mount Vernon

On June 23rd, a 112-acre Charlottesville estate that was influenced by Thomas Jefferson’s Monticello and George Washington’s Mount Vernon will be offered for sale at a live auction. The stately property and its collection of outbuildings were custom built by the current owners at a cost of approximately $20 million. At auction, the property will be sold to the highest bidder above a reserve price of $5 millionMiami-based real estate auction firm Platinum Luxury Auctions is handling the sale in cooperation with Virginialisting brokerage McLean Faulconer.

Emerald Hills is a beautiful and private retreat that is the perfect getaway for the high-powered executive or financial professional, and is especially well-suited for those with large families,” stated David Ashcroft, Platinum’s director of business development. “Considering you cannot reproduce this property today for anything shy of $20 million, the value opportunity presented by the auction is quite impressive.”

Built over the course of four years – and with an emphasis on quality craftsmanship and exacting detail – Emerald Hills is situated on 112 gently rolling acres in Charlottesville, Virginia. Overlooking hardwood forests, a private lake, and the Blue Ridge Mountains, the estate is a stunning example of Neoclassical architecture, with design influences from iconic American structures such as Thomas Jefferson’sMonticello (which is located just 15 minutes south of the Property), George Washington’s Mount Vernon, Carter’s Grove and even the White House.

The layout of the primary residence, with its main structure connected to northern and southern dependencies by a series of curved hyphens, is closely modeled on Mount Vernon. Interior details from the current White House have been reproduced throughout the home, including aspects of the dining room and the western colonnade, the latter of which mimics the south facade of the White House, overlooking the Rose Garden.

Lush, manicured grounds surround the estate, and include 1,000 dogwoods, redbuds and crape myrtle trees in addition to formal gardens, fountains and a 100-ft soapstone reflecting pool. A private lake, two ponds, a stream, and several brooks with springs exist on the property grounds. There is also a vegetable garden modeled on that of Thomas Jefferson, with four, 100-ft x 8-ft raised beds, connected by Shenandoahbrownstone walkways. A home orchard of more than 100 trees (including peach, cherry, nectarine, plum and apple) complements the savory plantings.

Within the main estate, three living levels offer approx. 15,000 sf of interior space, with a total of 5 bedrooms, 6 full and 2 half baths. All bedrooms are ample in size, and feature en-suite baths. Prominent features include a magnificent foyer with dual staircases, stately salon with lofted ceilings, gourmet kitchen, his-and-her offices, a private study, and a lower-level entertainment lounge offering a pub, billiards area, wine cellar, theater and sauna. In the event of severe weather, the residence can be powered by a 125kW Caterpillar generator, which is housed in a “bunker” that is carved discretely into the grounds.

In addition to the main residence, the property includes several outbuildings: a carriage house (with 2,000 sf of living space and 2,700 sf devoted to housing up to 10 trophy vehicles), flower house, log cabin and a large-equipment barn with a staff apartment.

Emerald Hills is sub-dividable, should the new owner elect to do so, and the property also offers the opportunity for a substantial agricultural tax abatement if the grounds are placed into a farm/conservancy program.

For those buyers looking to augment the property beyond 112 acres, an additional five parcels – which offer a total of 36 additional acres and include two guesthouses – can be purchased separately and outside of the auction. While no firm price has been set for the additional properties, Platinum stated that they are available “via private treaty negotiations with the seller.”

Previews of the property are being held by private appointment between the hours of 12 and 5pm ET daily, until auction day. To schedule an appointment, interested parties may contact Platinum’s project manager, Brian Raymond, at 800.767.4857. Extensive photos, video and auction/property documents are also located at VirginiaLuxuryAuction.com.

Southern Utah’s 570-Acre Wine Bar Ranch Set for Luxury Auction® May 26th

Auction Offers Opportunity for Private Land Holding Amidst National Monument Lands

570-acre ranch in southern Utah that shares its borders with National Monument lands has been scheduled for sale via luxury auction® with Platinum Luxury Auctions. Although once asking nearly $14 million, the property will now be sold subject to a reserve price of only $4 million. The ranch owner retained the Miami-based auction house to conduct the non-distressed auction sale, which is scheduled for May 26th, 2018. Platinum is managing the auction process in cooperation with listing brokerage Summit Sotheby’s International Realty, represented by listing agent Kathy Mears.

The property, known as the Wine Bar Ranch, is owned by Shane Robison and his family. Robison is a venture capitalist and retired tech executive who has held various posts at some of the world’s most prominent technology companies, such as Apple, AT&T Labs and Hewlett Packard. He and his family developed the ranch over time by acquiring and improving a collection of farmland parcels in Boulder, Utah. The small and charming town is located about 250 miles south of the center of Salt Lake City.

While the ranch is currently home to a modest quarter horse and grass-fed Angus cattle operation, its truly distinguishing feature is the location, according to Trayor Lesnock, Platinum’s president and founder. “At the scenic lookout points along State Route 12, you can actually view the Wine Bar Ranch sitting amidst the protected National Monument lands, which contain 250 million years of geological history,” Lesnock stated. “While many sellers wish to think of their property as ‘truly unique,’ the ranch quite literally fits that description. It’s impossible to reproduce this asset.”

To be sure, the ranch abuts the Escalante Canyons (formerly part of the Grand Staircase-Escalante National Monument), which are part of more than 1 million acres of awe-inspiring, natural lands. The beauty of the area is famous, and when traveling through the Monument it’s not uncommon to see professional photographers capturing the multicolored landscapes. Even painters will set up their easels amongst the rocks, and spend the day quietly transplanting the surrounding scenery onto their canvas.

Amenities of the ranch are extensive, and include a spectacular, 70,000-sf indoor arena. “It’s likely one of the largest such facilities in the entire state,” noted Lesnock. The arena is complete with heating and lighting systems, allowing for year-round use. It also houses stalls for horses and cattle, a tack room, entertainment lounge, guest apartment, fitness center and bathrooms.

There is also an outdoor arena with stadium lighting, horse and cattle barns, multiple paddocks, three large hangars for hay storage, and various storage facilities for equipment of all sizes. Much of the work performed on the ranch can be accomplished without leaving the property, thanks to a sprawling workshop with office and bathroom, commercial-grade woodworking center, fuel storage facility, pump house and even a cement production plant.

Perhaps most importantly, the ranch enjoys an ample water supply. Water shares include five well permits from the state of Utah, four culinary water shares from Boulder Farmstead Water Company and irrigation shares from Boulder Irrigation and Water Development Company. These water shares ensure the smooth operation of the 260 acres of the ranch that are in production.

The ranch also enjoys grazing permits for its livestock, which include 180 Animal Unit Months (AUMs) in the Dixie National Forest and an additional permit from the Bureau of Land Management (BLM) for 20 cattle. These permits allow for the ranch’s cattle to graze off-site each year, conserving resources on the property.

Living accommodations at the Wine Bar Ranch are also ample, highlighted by the main residence of approx. 6,000 square feet. The tri-level ranch house includes 6 beds, 4 full and 2 half baths, in addition to a study, wine room and entertainment lounge. There are six additional living quarters located throughout the ranch for guests and staff, including a ranch manager’s home and a guesthouse that is adjacent to the main residence. Large concrete decks with power hookups can also accommodate several large recreational vehicles.

Previews of the ranch are being held daily and by appointment, until May 25th. The actual auction of the property will be held in Salt Lake City, for the convenience of the participating bidders. For information on property tours, bidder registration or other auction procedures, interested parties may visit UtahLuxuryAuction.com, or call Platinum’s project manager at 800.296.2605.

Colorado Dream Homes: Colorado Springs home with built-in indoor slide going up for auction

COLORADO SPRINGS, Colo. – If you can’t be bothered to walk down stairs, you’ll love this Colorado Springs home that’s going up for auction.

That’s because it has a built-in spiral slide leading to the lower level.

The 13,000-square-foot, six-bedroom home sits on 45 acres in the Cathedral Pines area of northeastern Colorado Springs. The property was previously listed for $4.25 million and is now going up for auction without reserve.

The house has all the high-end features you’d expect from a luxury home of its size, including a lower level that’s built for entertaining. It features a game room, indoor lap pool, hot tub with waterfall, steam shower, home theater, bar, fitness center and art gallery.

And, of course, that slide. But you can also take the stairs (or elevator) down if you’re not in the sliding mood.

The home goes up for auction on Saturday, March 3 at 11 a.m. MT. Only registered bidders will be allowed, so be sure to contact Platinum Luxury Auctions if you’re interested.

For more information on the auction, log on to platinumluxuryauctions.com.

View the original article by Kurt Sevits here.

South Carolina Estate Near Golf Courses Hitting the Auction Block

Previously listed for $5.9M, the Kiawah Island property has views of the Atlantic Ocean

A beachfront estate on Kiawah Island, South Carolina, a popular vacation spot that boasts large pristine beaches and world-class golf courses, is going to hit the auction block next month, Mansion Global has learned.

The estate on Flyway Drive in the double-gated enclave Vanderhorst Plantation, was first offered for $5.9 million in 2015 and was last on the market for $4.395 million last August, per listing records on Zillow.

It will sell to the highest bidder with a reserve price of $1.75 million during an auction at the property on Feb. 17 held by Platinum Luxury Auctions, a Miami-based real estate auction firm.

MORE: A Restored 1780s Pink Home in Charleston, South Carolina

“The property has Atlantic Ocean views from the eastern side and lagoon views from the west. There is a scenic wooden walkway from the home site directly to the oceanž,” said Trayor Lesnock, president of Platinum Luxury Auctions.

Built in 2000 and renovated in 2015, the three-level, 5,715-square-foot main residence has four bedrooms, five full bathrooms and one half- bathroom. The two-story living room features a gas fireplace, a wet bar and arching windows overlooking the pool and the Atlantic Ocean, while French doors lead to the veranda, according to the listing.

A detached 352-square-foot pool house doubles as a guest house, which comes with one bedroom, one bathroom, a full kitchen and laundry facilities.

The exterior of the main residence, designed by local architect Zach Carney, is traditional English manor style. The interior decorated by the seller, Irene X. Harwood of Harwood House Interiorsž, includes barrel vaulted ceilings, custom millwork, mantels and cherry cabinets.

Mrs. Harwood, who wasn’t available for comment, decided to sell the property after her husband, Michael Ray Harwood, a former chairman of the World Containerboard Organization, died in May 2015 at 71, she told The Wall Street Journal in an earlier interview.

Interested bidders, who can preview the property daily from now on, need to register and make a $100,000 refundable deposit prior to the auction date, Mr. Lesnock said.

Remote bidding is accepted on the condition that the buyer has a rep on the site.

The winner  can also purchase the current owner’s membership at Kiawah Island Club separately in order to circumvent the year-long waitlist for new homeowners. The membership guarantees access to two of the seven golf courses on the island.

The gated Kiawah Island is about a 45-minute drive from Charleston, the oldest and largest city in the state of South Carolina.

For the original article written by Fang Block, click here.

Luxurious Beachfront Estate on Kiawah Island Scheduled for Luxury Auction® Feb 17th

Owner of Luxurious South Carolina Home Retains Platinum Luxury Auctions for the Sale

 

CHARLESTON, S.C.Jan. 31, 2018 — On Saturday, February 17 th, a luxurious beach home located on Kiawah Island that was previously asking $6 million will be offered for sale at a live auction, wherein the highest bidder above a $1.75 million reserve price will prevail. The sale, which was commissioned by the home’s owner, is being managed by luxury real estate auction firm Platinum Luxury Auctions. Platinum is conducting the transaction in cooperation with listing agent Mary Lou Wertz of South Carolina-based brokerage Atlantic Properties of the Lowcountry.

“While we’ve had great success in other South Carolina markets, this is our first Kiawah Island offering, and we’re thrilled to assist yet another frustrated homeowner with the date-certain sale of her multimillion-dollar property,” stated Trayor Lesnock, Platinum’s founder and president. “Kiawah has long served as the perfect example of how to develop a luxurious coastal community, and families continue to seek out the area for its beauty, safety and ample amenities.”

The tri-level property is located within the island’s exclusive Vanderhorst Plantation subdivision, which offers its own security gate (meaning the home sits behind two gates), and is home to the island’s two most desirable golf courses, Osprey Point and the world-famous Ocean Course. The community is also close to the Kiawah Island Club’s Beach Club and Marsh House facilities, which collectively offer a host of amenities to the island’s residents.

Nestled amongst mature landscaping, the home sits on a 0.7-acre lot offering direct beach frontage. The parcel’s lengthy, rectangular shape includes a private, gently winding walkway leading to the sands of the beach, and also allows the home to enjoy a degree of protection, being setback from ocean winds and sea spray.

The main residence provides 4 bedrooms, 5 full and one-half baths, and more than 5,700 square feet of living space, while a separate guesthouse – which also serves as a cabana – adds another bed, full bath, and 350 square feet of interiors. Prominent features of the home include a large salon with oversized windows offering ocean views, an elevator, study, gourmet kitchen and a large master suite occupying the entire third level.

Outside, there is a large, covered terrace and sundeck that allows for ample entertainment around the private pool. The guesthouse/cabana, adjacent to the pool, also offers its own kitchenette and a laundry area, making it ideal for overnight guests or domestic staff.

In addition, the new owner of the property will have the option to purchase a Kiawah Island Club membership directly from the current homeowner. This is significant, as it allows the new owner to avoid the often-lengthy waitlist that exists for new club members.

Previews of the property will be held daily, between the hours of 12pm and 4pm (ET), until the auction date. To ensure smooth entry through the guard gates, interested parties are encouraged to contact Platinum in advance of their planned visit. Additional information is available at KiawahLuxuryAuction.com, or by contacting a member of the Platinum team at 800.559.0882.

About Platinum Luxury Auctions

Platinum Luxury Auctions is responsible for developing the luxury auction ® model for high-priced real estate auctions, and owns the rights to the term “luxury auction.” The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum’s team has closed more than $725 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.

A South Carolina Vacation Home Heads to Auction

The owner of this Kiawah Island house designed it to have a European feel — Emily Nonko

 

For the Full Wall Street Journal “House of the Day” Article by Emily Nonko, click here.

Alberta Under the Gavel

Luxury real estate auction houses troll the western market

Canada’s luxury real estate market is attracting the attention of high-end auction houses, eager to provide a fast sale for multimillion dollar homeowners struggling to sell in the conventional way. And Alberta’s depressed housing market, paired with a landscape rich in custom-built megamansions, is already proving successful under the gavel.

“Calgary is a significant market for us because of its boom and bust cycle,” says Murray Lange, Alberta business development officer for Florida-based Concierge Auctions. “During the boom times, people spend an exorbitant amount of money building big, customized, luxury properties, now we’re in a more normalized market those homes aren’t selling.

“There are 61 homes over $3-million on the market in Calgary today and only 13 sales so far this year. At the current rate of absorption, with no further listings, we’ve got a five-year supply. If you want to sell, there’s huge competition; an auction can get you out in front of that market.”

Concierge Auctions have sold more luxury real estate in Canada than any other auction house with 12 sales since November, 2013; eight of those sales have been in Alberta, with an average selling price of $2.4-million.

“Typically, properties we sell are upwards of $2-million and they’re unique in some way, which means the buyer pool is shallower,” says Mr. Lange, who sold his own home – a mansion in Southwest Calgary – via Concierge Auctions in June, 2016.

“Our home was custom built to suit our needs,” he says. “Decisions we made during design had worked for us as a family, but made liquidity hard to achieve.”

“We started the sales process with an ambitious list price in 2014,” he continues. “The luxury market was still pretty good at that time but, after three price reductions in the first year, we fired our agent and appointed another. After another two price reductions and still no offers, we decided we needed a different solution.”

Mr. Lange signed a deal to auction off his home to the highest bidder and, after a two-week marketing campaign, four bidders registered to compete for the home which sold for $2.5-million; it had previously been listed for $3.3-million.

It’s a familiar story; in February this year, a custom-built estate home in Canmore – appraised at more than $4-million and on the market for more than three years – sold at auction for $2.4-million. Most recently, in June, a sprawling six-bedroom inner-city Calgary penthouse – previously listed for $2.325-million – sold at auction for $1.3-million.

This sprawling, six-bedroom inner-city Calgary penthouse was sold through Concierge Auctions for $1.3-million in June.

This sprawling, six-bedroom inner-city Calgary penthouse was sold through Concierge Auctions for $1.3-million in June. CONCIERGE AUCTIONS

Trayor Lesnock, founder of Florida-based Platinum Luxury Auctions, one of North America’s biggest auction houses, says the vast majority of auction sales come only after all other methods have been exhausted.

“Less than 5 per cent of our sellers bring their home to auction as a first option. The majority have checked all the other boxes first before they arrive at an auction because auctions generally drive more demanding terms in order to make it work,” he says.

Earlier this month, Platinum Luxury Auctions embarked on a joint venture with the only auction house founded and based in Canada, Garage Sale. The partnership, which is expected to result in the acquisition of Garage Sale by Platinum Luxury Auctions, was launched with the joint sale of a sprawling, 15-acre Okanagan estate on October 5. The home had been on the market for 15 years.

“The property actually set a new company record for us, being the longest listed property before auction,” Mr. Lesnock says. “The last, expired, list price was $3.95-million and it was on the market at that price for a year with no offers.”

This sprawling, 15-acre Okanagan estate was sold by Garage Sale and Platinum Luxury Auctions on October 5. The home had been on the market for 15 years.

This 15-acre Okanagan estate was sold by Garage Sale and Platinum Luxury Auctions on October 5. The home had been on the market for 15 years. PLATINUM LUXURY AUCTIONS

A six week marketing campaign produced 198 enquiries, 102 showings, seven bidders and, ultimately, a sale price of $3.3-million.

The sale is Platinum Luxury Auctions’ second venture into the Canadian market; their first was an estate sale in Thousand Islands, Ont., a year ago, which established an all-time-high resale price for the area. The home had been listed at $22.9-million and sold at auction for $7-million.

The sale confirmed to Mr. Lesnock that the luxury real estate market in Canada was viable and spurred his search for a business partnership.

 “We knew that to break into Canada would require more operating bandwidth, so acquiring Garage Sale is a great fit. We plan to do a lot more business in Canada and we’ll be taking Garage Sale’s direction on where we focus our efforts,” he says.

Alex Lambert, founder of Garage Sale, says Alberta is a top priority for the newly partnered companies.

“We’re 100 per cent looking at expanding into Alberta; it’s where I grew up and I’m very familiar with the area. A lot of folks in oil and gas, farming and logging are already very familiar with auctions as a platform for handling multimillion dollar assets,” he says. “Albertans are auction people and the real estate market there is certainly ready for innovation.”

Since 2014, Garage Sale has sold five properties in the Okanagan and on Pender Island, including the recent estate sale with Platinum Luxury Auctions, but Mr. Lesnock says he doesn’t believe that’s where their next auction will come from.

“We don’t believe Kelowna will be the next sale because the market just doesn’t sell that many high-priced homes each year; the market can’t absorb that many,” he says. “I think we’ll be looking in a different market area; Vancouver or Alberta most likely.”

For Mr. Lambert, Alberta’s landscape makes most sense.

“Alberta also has a lot of very large ranches which require a different strategy to sell them” he says. “This isn’t cookie-cutter housing, it’s often highly specialized and some of those projects will require a very custom approach, which is what we do.”

Meanwhile, Mr. Lange says that while Alberta, and in particular Calgary, remains a key market for Concierge Auctions, they’re also focusing on expanding their presence into more buoyant markets like Toronto and Vancouver.

“If you have a sought-after property in a hot market and you sell to one of the first buyers that comes along, in the conventional process, how would you know you’d achieved the best price for your property? Why not invite all the interested parties to compete in a transparent way and achieve the best price possible?” he asks. “We think this approach works for all areas of the luxury-home sector and we believe it’s just a matter of time before it becomes a more mainstream way of selling in Canada.”

 Read the original story here.

Record-Breaking Interest Creates Successful Auction of Luxury Home in Kelowna, BC

Platinum Luxury Auctions & The Garage Sale Produce One of Market’s Highest Non-Waterfront Sales

KELOWNA, British ColumbiaOct. 10, 2017 /CNW/ — Seven registered bidders gathered on the site of a luxury home in Kelowna, British Columbia on the evening of October 5th in order to vie for the chance to become its new owner. Following a brief charity auction to warm up the bidding audience – which happened to raise more than C$20,000 for the Kelowna General Hospital Foundation – the 14-acre, lake view estate was sold for approximately C$3.3 million. Although the home was listed at a promotional price of C$6.5 million as part of the auction’s marketing program, the property actually had an extensive listing history of more than 15 years, being placed on-and-off the market since 2001. The final listing price during that period expired at C$3.995 million.

U.S.-based Platinum Luxury Auctions and Kelowna-based The Garage Sale Luxury Auction House, two auction firms specializing in the non-distressed sale of multimillion-dollar homes on behalf of their private owners, joined forces to market the property for auction in cooperation with listing agent Jane Hoffman of the Jane Hoffman Group, a market-leading sales team with Coldwell Banker Horizon Realty in Kelowna.

The picturesque, three-story residence sits upon 14.5 acres, and offers more than 10,000 sf of living area, with 5 bedrooms, 5 full and one half bath. Prominent features of the property include a grand salon with soaring, 22-ft ceilings, a large terrace overlooking a salt-water pool, gourmet kitchen with professional-grade appliances, wine cellar, gentleman’s study and a billiards room finished in Honduran mahogany. The property’s acreage includes orchards currently planted for Gala apples, but is also suitable for wine grapes and cherries.

The auction firms credited their success to the exceptional degree of buyer interest resulting from their marketing efforts. “In approximately 5 weeks of marketing, our team generated 198 buyer inquiries, 102 on-site showings, and more than 33,330 international pageviews to the property’s dedicated page on the Platinum site,” stated David Enriquez, Platinum’s vice president of operations. In fact, the level of interest was such that it set several records for The Garage Sale. “Some of our buyer-response metrics were off the charts for this transaction,” noted Alex Lambert, CEO and founder of The Garage Sale. “We experienced record numbers for opens and click-throughs on our newsletters, for total video views, and for overall engagement with our social media posts.”

According to statistics taken from the area’s Multiple Listing Service, the luxury auction® sale was one of only 5 sales above $3 millionfor a non-waterfront home in Kelowna within the past 4 years. Interestingly, 2 of those 5 sales were achieved at auction. “What is intriguing is how our model – which produces a date-certain sale within approximately 2 months – is such a great fit for this market,” added Jesse Ross, the lead auction project manager for the sale. “The data shows that the average time-on-market for non-waterfront Kelowna homes that sold above $3 million within the past 10 years is 1,079 days.”

“The alliance of our firms has produced results that we’re excited to share with the rest of the Canadian market, and to hopefully deliver to future luxury property sellers in those areas,” said Trayor Lesnock, founder and president of Platinum. Lesnock added that the two auction firms have entered into a strategic alliance with the goal of expanding operations throughout Canada’s luxury property markets.

The auction firms declined to offer specific details on the identity of the buyer, noting only that it is a very prominent businessman. The non-contingent sale is scheduled to close within 30 days. Additional information is available at KelownaLuxuryAuction.com, or by contacting a member of the Platinum team at 800.262.5132.