All posts in “Luxury Auctions”

Multimillonario tecnológico subastará su mansión en Coral Gables el día de San Valentín

Tras dos años en el mercado, Medina la pondrá en subasta sin precio de reserva.

El multimillonario de tecnología Manuel “Manny” Medina salió de su lujosa mansión en Coral Gables por la que pagó $7 millones en 2013 para vivir en Miami, sin embargo, no ha tenido suerte en venderla, por lo que la pondrá en subasta en pleno día de San Valentín sin un precio de reserva, lo que significa que no hay un precio mínimo de licitación por ella.

Lo que hace extraordinaria a esta propiedad de 14,329 pies cuadrados de seis habitaciones y seis baños, no es su piscina climatizada, su spa con sombra de pérgola, área de parrillada ni su garaje para cinco autos, sino su muelle propio de 100 pies de largo por el que se accede por medio del canal característico de la zona que permiten que las residencias del Gables Estates Club salgan a disfrutar del oceáno Atlántico.

Lea el artículo completo en LaOpinion.com AQUÍ.

Luxe Miami Community welcomes Auctions House for Real Estate Sales

How many neighborhoods consistently see home sales in excess of $10 million? How many have posted transactions of $44 million and up in the past few years? Not many! For the ultra-rich, some communities stand out, and the internationally known Gables Estates community in Miami, Florida is one of them.

These sky-high prices mean luxurious estate homes are the norm. The 192 homes in the private and gated community are sited on 200 acres on the glistening Biscayne Bay, just 30 minutes from the heart of Miami. Almost all of the parcels have substantial water frontage and unrestricted access to both the Bay and the Atlantic Ocean beyond. Due to its proximity to Miami International Airport, the location also provides a perfect base for international travel, especially to Central and South America.

Is Luxury Priceless?

Buying a home in the Gables Estates requires a deep pocketbook, but a recent trend in luxury real estate purchasing is taking hold in exclusive communities: luxury real estate auctions are becoming an increasingly popular way for well-heeled sellers to divest of their unique and distinguished assets in a date-certain manner. Properties priced in excess of $10 million can languish on the market for years before a qualified buyer emerges, and the sit-around-and-wait approach is the antithesis of luxury living.

A New Approach To Luxury Real Estate Sales

So, wealthy sellers turn to luxury auction houses such as Miami-based Platinum Luxury Auctions (who actually own the rights to the term luxury auction®!) to market their homes internationally and sell them – all in six weeks or less. Auctions can seem complicated, but in reality they’re a much simpler, more transparent way to buy luxury real estate – and auction sales (since they are “as-is, where-is” transactions) break down far less than normal real estate negotiations.

Read the full article on The Luxe Insider HERE.

A tech entrepreneur has been trying to offload his Florida mansion for 2 years — and now he’s auctioning it off.

A Florida tech entrepreneur is putting his waterfront Coral Gables mansion up for auction after almost two years trying to sell it, Yahoo Finance reported.

It will have no reserve price, or minimum bid, according to Platinum Luxury Auctions, the firm that’s putting on the auction. The tri-level home spans 15,000 square feet and comes with a sauna, pool, and 100-foot boat dock.

The owner, Manuel Medina, sold his Terremark data services company to Verizon in 2011 for $1.4 billion, according to The Real Deal. He also founded private equity firm Medina Capital, as well as cyber security firm Cyxtera. Florida media refers to Medina as a billionaire, but Business Insider could not independently confirm his net worth.

The live auction will take place on February 14 and the sale is expected to close 30 days later.

 

Read the full article by Katie Warren at Business Insider HERE.

Florida tech billionaire to auction off his waterside Coral Gables mansion

Most homes have a driveway. This one has a canal, leading straight to the Atlantic Ocean.

Tech billionaire Manuel Medina has already moved to Miami and out of his lavish Coral Gables mansion he paid $7 million for in 2013, but he hasn’t had luck finding a buyer. So, on February 14, Medina will auction off his waterside mansion in one of Florida’s most exclusive gated communities, without a reserve price — meaning there is no minimum bidding price.

What makes the six-bed, six-bath home truly special is its access to the water with a 100-foot-long dock into a deep concrete-enforced canal providing 180 feet of waterfront, according to Trayor Lesnock, president of Platinum Luxury Auctions, which will auction off the 15,000-square-foot, three-level home.

The yard has a putting green, a resort-style heated pool, a pergola-shaded spa, a main-level courtyard, shaded and unshaded lounge areas, a dining area with grill and a five-car garage.

Read the full article by Sarah Paynter at Yahoo!Finance HERE.

Platinum Luxury Auctions and Engel & Völkers Post Record Home Sale in Hollywood, FL

Modern waterfront estate in South Florida sold for $3.6 million at luxury auction®

Platinum Luxury Auctions has added another record sale to its portfolio. On November 25th, Platinum held a luxury auction® for a luxurious waterfront estate in Hollywood, Florida, which resulted in a purchase price of approximately $3.6 million.

According to Platinum’s analysts – who reviewed both the Realtor’s Multiple Listing Service (MLS) and the Broward County property records – the price ranks as the third-highest sale for a single-family home in the city of Hollywood’s history, on both a gross and price-per-square-foot (ppsf) basis. The sale also registers as the city’s number one all-time price for a home located west of a fixed bridge (a location that limits boating access to Florida’s Intracoastal Waterway and the Atlantic Ocean).

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Tech mogul Manny Medina will soon auction his Gables home – without a reserve

Billionaire Manny Medina will auction his 15,000-square-foot mansion. The five-bedroom, six-bathroom house facing a canal at 555 Arvida Parkway was previously listed for $17.9 million.

Manny Medina is no stranger to goodbyes. He made multi millions by starting and selling several tech companies.

This time, Medina plans to part ways with his five-bedroom Coral Gables estate.

Medina will auction his 15,000-square-foot mansion in mid-February without reserve through Platinum Luxury Auctions, according to the downtown Miami auction house. The five-bedroom, six-bathroom house facing a canal at 555 Arvida Parkway was previously listed for $17.9 million. A no-reserve auction means the home will be sold regardless of price.

Read the full article by Rebecca San Juan at the Miami Herald HERE.

Adirondack camp sells for $2.9M

Panther Point, a former Great Camp on the shore of Upper Saranac Lake, has sold for $2.9 million.

The previous owners, William and Beth Zollars, made the property available for auction in August. It had previously been listed for $3.9 million.

Platinum Luxury Auctions hosted the auction on the upper deck of the boathouse.

The sale is the third-highest price on Upper Saranac Lake in the most recent four-year period, according to data provided by the real estate company.

Read the full article by Leigh Hornbeckat the Albany Times Union HERE.

Custom-Built, Tuscan-Inspired Estate in Suburban NJ Heads to Luxury Auction® Dec 14th

Upcoming luxury auction® of the Villa di Sogni, a Tuscan-inspired estate in New Jersey, is scheduled for December

Platinum Luxury Auctions and Kienlen Lattmann Sotheby’s International Realty have announced the upcoming luxury auction® of a Tuscan-inspired estate nestled in the suburbs of Warren, New Jersey. The custom-built home, named Villa di Sogni (“House of Our Dreams”) by its owners, will be sold to the highest bidder without reserve at a live auction scheduled for December 14th, 2019 on the property site. The estate was previously listed for $7.9 million, though it was designed and built at a cost in excess of $12 million.

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This Sprawling New Jersey Estate is Filled with Tuscan-Style Details

Being auctioned without reserve, the home is replete with amenities, including a golf simulator and a home theater

A Tuscan-style mansion in one of New Jersey’s wealthiest towns is headed to auction without reserve later this month.

“There are few homes in New Jersey with the Tuscan villa architecture,” said Joseph (“JP”) Errico, the owner, who started planning the design with his wife, Leigh Errico, in 2004, before the couple got married a year later. The home had been the couple and their four children’s full-time residence until August last year when they moved to Florida for work.

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