A Canadian Mansion Hits the Auction Block

Read the article by Sarah Tilton of the Wall Street journal here.

Tour a Georgian Manor Inspired by European Castles

The property is now on the market at or above $1 million starting Saturday, September 9th through Platinum Luxury Auctions, a Miami-based real estate auction firm.

 

Written by the Editors of DuJour; view the full slide show and article here.

Luxury Auction® Approaches for Waterfront Home Within FL Community Ranked as One of Nation’s Most Exclusive by Forbes Magazine

Luxury real estate auction firm Platinum Luxury Auctions is preparing for the upcoming auction sale of a contemporary waterfront estate located within the Sanctuary of Boca Raton, a gated residential community in Boca Raton, Florida. The ritzy neighborhood, situated on the western side of the Intracoastal Waterway in Palm Beach County, has been ranked by Forbes magazine as one of the most exclusive gated communities in the United States. Although recently offered for an asking price of $3.8 million, the property will now be sold to the highest bidder who meets or exceeds a bid of only $1.5 million at the live auction sale, to be held on the property site on August 26, 2017. Platinum, a firm specializing in the non-distressed auction sale of multimillion-dollar homes on behalf of their affluent sellers, was retained by the property’s owner to exclusively manage the sale.

“We’re pleased to be working within the Sanctuary, a community long-known to be one of Boca Raton’s best,” stated David Enriquez, Platinum’s vice president of operations. “Its relatively boutique size, excellent security and waterfront amenities have made it a preferred location for many prominent business moguls and their families. It’s extremely rare for an auction to be conducted within this coveted enclave.”

Completely renovated by its current owner in 2012, the single-story, contemporary estate offers 5,000 square feet of interior living area, with 5 bedrooms, 6 full and one half bath. It is situated on a wide, deep-water canal, and boasts 70 linear feet of dockage. The large canal, combined with the wake protection and privacy offered by a 27-acre wildlife preserve located immediately east of the community, create exceptional dockage conditions for the avid boater. There are no fixed bridges between the property and the nearest inlet, making a cruise to the Atlantic Ocean a breeze.

Designed in a beach chic style with a light color palette, the residence features lofted ceilings and bright, airy living spaces, with most rooms offering views of the pool and the waterway through floor-to-ceiling windows and doors. Several bedrooms feature direct access to the pool deck, creating a seamless blend between indoor and outdoor living areas. The impressive kitchen, located just off the main salon, was designed by Pedini New York, and features Viking appliances and a welcoming, open layout that flows into the other living areas.

Outdoor living areas include a large front yard with a semi-circular, paved entry, and a backyard offering a manicured pool deck outfitted in custom pavers and artificial grass, a custom pool and spa with sun-soaking deck, and a summer kitchen with video and audio systems.

Additional features include a +300-bottle wine room, integrated Smart Home features controllable via iPad, a spacious master bedroom suite with a designer bath, and a three-car garage.

The Sanctuary of Boca Raton has long been considered one of the most exclusive gated communities in Palm Beach County. Its ninety estates – two-thirds of which feature private, deep-water dockage – typically range from $2 million to more than $20 million in price. In addition to its namesake, 27-acre wildlife preserve, The Sanctuary offers a 23-slip marina (built to accommodate boats up to 65 ft. in length), Har-Tru tennis courts, a children’s playground and round-the-clock security patrolling both the roads and the waterways behind its manned gates.

The property is available for open house previews by interested buyers between the hours of 12 and 4pm (EDT) each Thursday through Sunday, until the auction. Visitors must make an appointment with Platinum in advance in order to proceed through the community’s guard gate. Additional information is available at SanctuaryLuxuryAuction.com, or by contacting a Platinum representative at 800.678.2293.

This $3.8 Million Boca Waterfront Home Will Be Auctioned Off

BOCA RATON — A home in the luxury enclave The Sanctuary of Boca Raton will be auctioned off and sold to the highest bidder this month, Miami-based real estate firm Platinum Luxury Auctions says.

The 5,000-square-foot, five bedroom, six bathroom home faces the Intracoastal Waterway at Northeast 45th Road, off Federal Highway just south of Yamato Road.

Previously offered for $3.8 million, the estate is will sell at or above $1.5 million on Saturday, Aug. 26, according to Platinum Luxury Auctions

The property has a private dock and about 70 feet of deep-water frontage.

The single-story home, on a 0.37-acre lot, was built in 1982 and renovated in 2012.

The home also features:

  • A vaulted beamed ceiling and French doors opening to the outdoor living area
  • A gourmet kitchen designed by Pedini New York with custom cabinetry, quartz counter tops and Viking Professional appliances
  • A 300-bottle wine room
  • Integrated Smart Home features controllable via iPad
  • An outdoor living area with a kitchen and bar
  • A paved patio with shaded dining table
  • And a pool heated via solar panels, jacuzzi and pool deck,  all with views of the Intracoastal.

Additional information is available at SanctuaryLuxuryAuction.com, or by contacting a Platinum representative at 800.678.2293.

Original article via Lulu Ramadan at The Palm Beach Post

Waterfront House in Boca Raton Headed for Auction

A five-bedroom waterfront house in Boca Raton will be offered at auction on Aug. 26 for at least $1.5 million.

The house, previously offered for $3.8 million, is in a Boca Raton residential development called The Sanctuary.

Miami-based Platinum Luxury Auctions will conduct the auction.

The Boca Raton house has an open floor plan and about 5,000 square feet of living space. It has six bathrooms and a half bathroom, and outside, it has a private dock and about 70 linear feet of deep-water frontage.

The living room has a vaulted beamed ceiling and French doors that open to the property’s outdoor living area. The kitchen, designed by Pedini New York, features custom-made cabinets, quartz counter tops, an over-sized island and Viking Professional appliances.

Among the indoor amenities is a 300-bottle wine room. The outdoor living area includes a kitchen and bar, a paved patio with a shaded dining table, a jacuzzi and a large, solar panel-heated swimming pool.

The single-story house, built in 1982 on a 0.37-acre lot and renovated in 2012, also has an iPad-controlled home security system.

Platinum Luxury Auctions will conduct an auction of the five-bedroom residence on Aug. 26. Additional information is available at SanctuaryLuxuryAuction.com, or by contacting a Platinum representative at 800.678.2293.

 

Original article from The Real Deal South Florida

Luxurious Family Home Near Pittsburgh, PA Scheduled for Luxury Auction® Sale July 22

On July 22nd, a luxurious home in McMurray, PA that was recently asking $1.7 million will be sold at a live auction without reserve, meaning the property will sell to the highest bigger regardless of the high bid price. The sale will be held on the property site, and is open to those parties who register for the auction in advance. Luxury real estate auction firm Platinum Luxury Auctions is working in tandem with listing agent Karen Marshall of Keller Williams Realty in Bethel Park, PA for the transaction. Platinum specializes in the non-distressed, auction sale of multimillion-dollar homes on behalf of their wealthy owners, and conducts such sales both within and outside of the United States. The firm is headquartered in Miami, FL.

“This is really an exceptional property – and will be an exceptional buy – for a family seeking relaxed luxury and privacy in a suburban setting, while being in a great school district with convenient access to the city of Pittsburgh,” stated David Ashcroft, Platinum’s director of business development. “And I understand there were some spectacular views of the recent July 4th fireworks from the backyard!”

The estate was designed by the Scholz Design firm and built in 2005 by Paragon Custom Homes. It offers a gently winding driveway entry and an elegant, brick exterior. The 7.1-acre parcel is comprised of manicured lawns bordered by natural forestation. A small pond on the parcel is shared with a nearby neighbor.

Interiors of the home are luxurious yet cozy, and present a traditional design style. Three living levels offer more than 8,000 square feet of finished area, with five bedrooms, four full and two half baths. The lowermost level of the home is outfitted as an entertainment lounge that provides ample space for recreation or relaxation. The lounge includes a home theater, “pub-style” wet bar, 700-bottle wine room with tasting area, a billiards table, cigar room, and a fitness center.

Additional property features include a two-story grand salon, gourmet kitchen with butler’s pantry, executive study, formal dining, and a 3-car garage. There is also a large, rear patio located just off of the main level’s grand salon, which includes a cozy dining area, grill station and views of the bucolic surroundings.

For those looking to cool off during the warmer summer days, the property’s spacious lot provides plenty of room for a custom pool, while the private pond and the gently flowing creek that borders the rear of the parcel further enhance the property’s peace and quiet.

The residence is available for open house previews by interested buyers between the hours of 12 and 4pm (EDT) daily, until the auction. Those buyers wishing to participate in the auction must formally register in advance, a process that requires a refundable deposit of $75,000 and the completion of various registration documents. Additional information is available at PennLuxuryAuction.com, or by contacting a Platinum representative at 800.828.5175.

Luxury Auction® Date Approaches for Impressive Lakefront Mansion in Outer Dallas, TX

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.

Luxury Auction® Sale of NASCAR Family’s FL Home Narrowly Misses All-Time Price Record

The evening prior to the June 3rd auction sale of the Daytona Beach riverfront residence of the late Bill Jr. and Betty Jane France – members of NASCAR’s founding family – the Daytona Beach News Journal speculated that the sale could fetch the all-time price record for a single-family home in the VolusiaFlagler County market areas. That record is believed to be the $5.25 million sale of an oceanfront property in the Palm Coast’s Hammock Dunes community, which occurred in the headier markets of 2004. (For time-adjusted perspective, that home is currently offered for re-sale at only $2.975 million).

However, Miami-based Platinum Luxury Auctions – the luxury real estate auction firm that handled the auction – has announced the price will likely occupy the second place position in the record books, although it technically could have taken the top spot. “In this auction, we offered an incentive program that allowed those bidders who placed bids in advance of the live auction sale to receive a pricing discount based on the amount of their opening bid,” stated David Ashcroft, Platinum’s Director of Business Development and a spokesman for the sale. According to Mr. Ashcroft, the winning bidder of the auction received such a discount, which adjusted the final sales price to just under $5 million, before adding closing costs. “Without the adjustment, the gross price paid by the buyer would have been right around or above that $5.25 million number, but this is a 2017 market – not a 2004 through 2006 market – so our client was pleased with the overall result,” he added.

Although never previously offered for sale, the waterfront estate had a “just value” of $5.198 million in 2016, as per the Volusia County Property Appraiser (2017 valuations are not yet available).

Platinum, which also served as the exclusive real estate brokerage for the transaction, reported that a total of eight bidders registered for the live auction sale, which took place within the property on the morning of June 3rd. The winning bidders are reported to be a Florida couple that wishes to remain anonymous.

During Platinum’s 5-week, international marketing campaign that preceded the auction, the property’s website received more than 31,700 pageviews from more than 14,500 unique visitors. While interested parties inquired from all over the world, all auction participants were U.S-based, with about two-thirds of the audience being from the VolusiaFlagler area. “While we always market our properties globally, the bidding audience is often ultimately comprised of folks who would be expected to respond to a purchase opportunity in the given marketplace, although there are exceptions,” noted Trayor Lesnock, Platinum’s president and founder. “The Daytona marketplace simply doesn’t attract the international crowd that a Palm Beach, Miami, or similar Florida market would.”

After Bill France Jr. passed away in 2007, Betty Jane lived in the home until her passing in August of 2016. Rather than list the home for sale traditionally, the family retained Platinum to sell the property at auction, rather than endure what they expected to be a lengthy listing period. Bill Jr.’s father, Bill France Sr., founded the National Association for Stock Car Auto Racing – or NASCAR – in 1948. The France family has maintained ownership of the once-modest business as it evolved into a motorsports empire.

The estate occupies 3.8 manicured acres with 325 feet of water frontage on Daytona’s Halifax River. There is also a 150-foot boat dock, custom pool, outdoor kitchen/bar, and various loggias and terraces offering beautiful water views. Its main residence offers more than 17,000 square feet, while a separate guesthouse adds another 1,700 square feet. In total, there are 5 bedrooms, 7 full and 6 half baths. Property features include a grand “River Room” for entertaining, a commercial-grade elevator, dual spiral staircases, a “hidden” wine cellar and tasting room, a private hair salon, gourmet kitchen, fitness center, built-in home audio system, and a fleet of 24/7 surveillance cameras.

The sale is scheduled to close before the July 4th holiday. Additional information is available at PlatinumLuxuryAuctions.com, or by contacting a Platinum representative at 800.262.5132.

Platinum Luxury Auctions Announces Pre-Sale of Sunset Hall in Ridgefield, CT

Platinum Luxury Auctions and William Pitt Sotheby’s International Realty have announced the pre-auction sale of the property known as Sunset Hall. The Ridgefield, Connecticut residence was scheduled for a live, luxury auction® sale on May 19th. Though previously listed for $5.75 million, the home was offered “without reserve,” meaning the auction’s highest bidder would become the new homeowner, regardless of the amount of the hid bid price. Miami-based Platinum, a firm specializing in the non-distressed auction sale of multimillion-dollar properties on behalf of their private owners, collaborated with listing agent Laura Freed Ancona of William Pitt SIR for the sale.

“The auction process is such a powerful motivator for the buying audience, it can induce a sale prior to the planned auction,” stated David Ashcroft, Platinum’s director of business development and a spokesperson for the transaction. “In fact, pre-auction sales represent five to fifteen percent of our annual sales, historically. In some cases, the pre-auction buyer is a pre-existing, interested party.”

Such was the case with Sunset Hill. The buyers, a married couple who the parties declined to identify, had previously viewed the property prior to it being scheduled for the auction sale. “They simply could not be convinced to put pen to paper, however, until the threat of the auction,” added Mr. Ashcroft.

The Georgian-style estate sits on 7 manicured acres in Ridgefield, a posh community within Connecticut’s Fairfield County. Original owner James Stoker (U.S. Ambassador, banker and active supporter of the YMCA) built the mansion in 1912 on one of the highest elevation sites in Ridgefield, which now provides for views of the Manhattan skyline on a clear day.

Stoker wasn’t Sunset Hall’s only high-profile owner. Subsequent owners include the brother of Harry Houdini, Brooklyn multi-millionaire and beer baron Samuel Rubel and famed actor Robert Vaughn. The estate was even anointed as home to the United Nations in 1946.

In total, the property offers 10 bedrooms, 8 full and 4 half baths. The main residence boasts nearly 12,000 sf, while a separate guesthouse adds 1,500 sf. Property features include a tennis court, 65-ft heated pool, a 4,000-sf limestone pool terrace, 9 fireplaces, a marble-floored, 50-ft ballroom, formal dining and a gourmet kitchen. The residence has been listed on the National Register of Historic Places since 1984.

Inquiries on the sale can be directed to a Platinum associate at 800.262.5132. Additional details can be found at SunsetHallLuxuryAuction.com.

Bidders, Start Your Engines! NASCAR Family’s Waterfront Estate Heads to Luxury Auction®

Miami-based real estate auction firm Platinum Luxury Auctions has announced the planned auction of a waterfront mansion owned by members of the France family, the founders and owners of NASCAR. Located in Daytona Beach, Florida, the sprawling waterfront estate will be sold at a live auction without reserve, meaning the highest bidder will become the new owner of the property regardless of the high bid price. The luxury auction® sale is scheduled for June 3, 2017, with bidders being able to participate in person on the property site, or remotely via telephone. The France family retained Platinum, a firm specializing in the non-distressed auction sale of multimillion-dollar homes on behalf of their wealthy owners, to exclusively manage the transaction. Platinum is also a Florida real estate corporation.

The property was built and owned by Bill France Jr. and his wife Betty Jane France. Bill Jr.’s father, Bill France Sr., founded the National Association for Stock Car Auto Racing – or NASCAR – in 1948. Bill Jr.’s son, Brian France, acts as the current CEO and Chairman of NASCAR. The France family has maintained ownership of the business while growing it into a globally prominent motorsports empire.

After Bill France Jr. passed away in 2007, Betty Jane lived in the home until her passing in August of 2016. She was well known for her charitable and philanthropic endeavors, which included founding the NASCAR Foundation in 2006, a non-profit organization focused on helping children in need across the United States.

Although never previously offered for sale, the residence was appraised for $13.8 million in 2013. While this appraisal figure only represented the value of the home itself, potential buyers will be pleased to know that the sale of the property will include all of its current furnishings. “The prospect of having to furnish a house like this one from scratch would be daunting, not to mention pricey. It’s a task that could easily have a seven figure price tag,” noted Trayor Lesnock, Platinum’s founder and president.

Entering the sales market using an auction is certainly not a common occurrence in the world of luxury real estate sales, although the France family preferred this method instead of the traditional brokerage process. “While we may be biased, it’s been our experience that sellers of unique and high-priced homes who elect to circumvent the traditional brokerage process in order to offer their properties at luxury auction® have proven to be the smart ones,” added Lesnock. “Such sellers are generally very market savvy, and understand that the long, painful brokerage process of continued price reductions over time creates a huge amount of wasted money and lost opportunity costs.”

The property is certainly unique, occupying 3.8 manicured acres with 325 feet of water frontage on the Halifax River. There is also a 150-foot boat dock able to accommodate multiple vessels, in addition to a custom pool, outdoor kitchen/bar, and various loggias and terraces offering beautiful water views.

The estate’s main residence offers more than 17,000 square feet, while a separate guesthouse adds another 1,700 square feet of living space. In total, there are 5 bedrooms, 7 full and 6 half baths. Though the home is appointed with the finest finishes, it blends elegance with comfort to create a living environment that does not feel stuffy or overstated.

The relatively modest bed and bath count compared to the size of the property allows for rooms to be very large and spacious, with a sprawling master suite and three other guests suites – each with an en-suite bath – being located on the more private, upper level of the main residence.

Other property features include a grand “River Room” perfect for entertaining, a commercial-grade elevator, dual spiral staircases, a “hidden” wine cellar and tasting room, a private hair salon, gourmet kitchen, fitness center, built-in home audio system, and a fleet of 24/7 surveillance cameras.

The property is available for previews by interested buyers between the hours of 12 and 4pm (EDT) daily, until the auction. Visitors are encouraged to schedule their viewing appointment in advance. Additional information is available at RiverfrontLuxuryAuction.com, or by contacting a Platinum representative at 800.676.9581.