An impressive lakefront estate located just outside Dallas, Texas is scheduled for sale via luxury auction® on Friday, July 14th. The real estate auction, which will be held on the property site, will allow qualified buyers an opportunity to purchase the home for the highest bid at or above the auction’s reserve price of $1.5 million. For perspective, the residence was recently listed for $4.75 million. Miami-based real estate auction firm Platinum Luxury Auctions is managing the auction sales process in cooperation with listing brokerage Coldwell Banker Residential Real Estate, represented by listing agents Kelly Crowell and Melissa Phillips.

Located in Heath, TX within Rockwall County, and situated directly on Lake Ray Hubbard, the property is an ideal retreat for family and friends. The home occupies a 1.26-acre lot within a cul-de-sac in the residential community of The Shores at Cedar Glen, a boutique, luxury community comprised of mid-to-large estates built on lots at least one acre in size. The property’s western exposure provides for beautiful sunset views over the sparkling lake.

The estate was custom built by its owners, and completed in 2015. As the owners’ business interests have limited their time in the home, they elected to retain Platinum to sell the property expeditiously, rather than continuing to wait for a buyer using the traditional real estate sales approach. Platinum specializes in working with such sellers – that is, those who are not in distress, but simply wish to sell their multimillion-dollar property quickly and efficiently.

“It’s a beautiful property with a very livable floor plan – and some interesting bells and whistles – that functions perfectly for either peaceful relaxation or for grand-scale entertaining,” stated David Ashcroft, Platinum’s director of business development. “I believe the current owners have enjoyed a bit of both!”

To be sure, the tri-level home features more than 11,300 square feet of living space, with 7 bedrooms, 7 full and 2 half baths. Outdoor living areas include a sprawling, lower-level loggia, two sets of upper-level terraces, and a custom pool and spa – all offering direct lake views. There is also a fire pit and a private boathouse with multiple lifts for one’s aquatic toys.

Fully integrated “Smart Home” technology allows for seamless control over property functions such as garage doors, lights, temperature, window blinds, a security system (with HD night vision), and the pool’s heat, spa and LED lighting systems – all at the touch of a finger from essentially anywhere in the world.

A two-story, executive study provides access to the home’s “hidden” wine cellar / safe room (surrounded by concrete walls), which includes climate control and several storage rooms that surround the main tasting area.

Additional features include a gourmet kitchen (with an icemaker than makes the famous Sonic Drive-In ice), two summer kitchen/BBQ areas, fitness room, electric window shades, surround sound throughout, a home theater with a 120-inch screen, Nava glass doors, a 5-car garage with golf cart bay, and a sumptuous master suite with an oversized bath and a private, lakefront terrace with spa tub and fireplace.

The property is available for open house previews by interested buyers between the hours of 12 and 4pm (CDT) daily, until the auction. Additional information is available at LakefrontLuxuryAuction.com, or by contacting a Platinum representative at 800.541.6596.