Archive for “August, 2021”

516C Grindstone Bay Rd, Piercefield (Tupper Lake), NY12973

Platinum Luxury Auctions Posts 4th Consecutive Sale in Upstate NY’s Adirondacks Region

With the successful conclusion of its live, no-reserve auction on July 16th for the Paradise Peninsula camp on Big Tupper Lake, luxury real estate auction house Platinum Luxury Auctions has now registered four consecutive sales in upstate New York’s Adirondacks region. The area – known for its natural beauty and its collection of recreational lakes such as Lake Placid and Saranac Lake – is also home to many, multimillion-dollar lakefront estates and compounds (or “camps,” per the nomenclature in the region).

Working in cooperation with broker of record Adirondack Premier Properties and listing agent Jodi Gunther, Platinum produced six bidders who registered for the sale, four of whom attended the auction in person while two participated remotely and in real-time via telephone.

Prior to the luxury auction, Paradise Peninsula had been on the market for nearly 3 years, enjoying only 2 showings and failing to generate any offers. The Franklin County lakefront property entered the market at a price of $3.2 million and was then reduced to $2.85 million, still with no viable suitors.

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7249 State Route 30, Upper Saint Regis, NY12983

Former Vacation Spot Of The Vanderbilts And Rockefellers Is Headed To The Auction Block

Suspended in a place and time when old money was new is a luxury compound along the elite Upper St. Regis Lake in New York that is going up for auction.

Known as Camp Limberlost, the storied and iconic property valued at $10 million will be sold on August 14 without reserve, meaning the estate will go to the highest bidder no matter the price. Previously listed at $10.2 million, the historical camp on upstate New York’s most prestigious lake was a summer playground where the richest and most powerful families like the Rockefellers, Vanderbilts, Pratts and Whitneys gathered to reconnect with nature. Upper St. Regis Lake is also a popular presidential vacation spot.

Camp Limberlost is just three doors down from the Pine Tree Point estate of Frederick Vanderbilt, who was director of the New York Central Railroad for 61 years. The site offers one of the best vantage points on Upper St. Regis Lake with a western exposure overlooking Birch Island and St. Regis Mountain.

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