After establishing the resale pricing record for The Woodlands in 2016 with the $7.1 million sale of a Carlton Woods estate, luxury real estate auction firm Platinum Luxury Auctions has returned to the community with what may be considered a more “modest” luxury home offering. On February 4, 2017, the Miami-based firm will offer a brand new estate located in the Carlton Woods Creekside community at a live, on-site auction. Although recently listed for $1.6 million, the property will now be sold to the highest bidder who meets or exceeds the auction’s reserve price of $1 million. Platinum is managing the auction sale in cooperation with the property’s listing agent, Rodrigo Munguia of D&R Consulting.

“This property occupies a sweet spot in the current marketplace,” stated David Ashcroft, Platinum’s director of business development. “While many of the luxury property markets across the U.S. have experienced softening in the uppermost tiers of pricing, properties in the $1 million to $2.5 million range have performed rather well. This seems to be especially true for newer homes.”

The Creekside estate fits well within Mr. Ashcroft’s parameters, as it combines modest luxury home pricing with brand new construction. It was completed in the fourth quarter of 2016, and is awaiting its first owner.

The two-story home offers approximately 4,907 interior square feet of living space and a total footprint of nearly 6,800 square feet when including outdoor living areas and a 3-car garage. With 5 bedrooms, 5 full and 2 half baths, there is ample room for family and friends. The foyer and great room feature 24-foot ceilings, creating a bright, welcoming space.

Other property features include a gourmet kitchen with oversized center island, formal dining, a “bonus room” suitable for a home theater, fitness center or office, and a lovely outdoor courtyard featuring a summer kitchen and fireplace. The courtyard can also accommodate a pool, should the new owner wish to install one.

Sometimes referred to as the “Beverly Hills of Texas,” Carlton Woods is the premier gated community within The Woodlands, a 44-square-mile, master-planned development located just north of Houston. The amenity-rich area is known for its neatly manicured communities, golf courses and clubs, and its collection of impressive addresses.

Beginning January 11th, the property will be available for previews between the hours of 12 and 4pm (CST) daily, until the auction. Additional information is available at JohnathanCtLuxuryAuction.com, or by calling Platinum’s offices at 800.916.5676.