600-acre in California’s Delta Region Has Been Scheduled for Sale This October via Luxury Auction

A 600-acre site with 2 miles of waterfrontage in California’s Delta region has been scheduled for sale this October via luxury auction, announced Platinum Luxury Auctions, the real estate auction firm handling the offering. Though not listed for sale in more than a decade – and currently having no formal asking price – the Contra Costa County property was previously contracted for sale to a national homebuilder for more than $60 million. Platinum is managing the transaction in concert with listing brokerage of record Corcoran Global Living in Discovery Bay, CA. Corcoran is represented by its owner and principal broker Bryan George Hogge.

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Following four consecutive luxury auction® sales in upstate New York’s Adirondacks region, luxury real estate auction house Platinum Luxury Auctions will now offer another, multimillion-dollar lakefront property for sale at auction on Saturday, August 14. Camp Limberlost, a multi-structure retreat occupying 14 acres on Upper Saint Regis Lake, will now be sold to the highest bidder in a live auction held without reserve. The property previously asked $10.2 million. Platinum was retained by the property owner to handle the sale in cooperation with listing brokerage Engel & Völkers Lake Placid Real Estate, led by listing agent Colleen Holmes.

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A 37-acre lakefront property in New York’s Adirondack region that has been searching for a buyer at a list price of $3.2 million will now be sold to the highest bidder at a live auction without reserve on Friday, July 16^th. Miami-based auction firm Platinum Luxury Auctions was retained by the property owner to manage the luxury auction sale in cooperation with listing agent Jodi Gunther of Adirondack Premier Properties, an affiliate brokerage of Berkshire Hathaway HomeServices. Affectionally named Paradise Peninsula by its owner, the property is located on Big Tupper Lake, just a short distance from the charming town of Tupper Lake in Franklin County, NY, and within a 25-30 minute drive of Saranac Lake and Lake Placid.

“Building on the success of three consecutive sales for significant lakefront camps in the Adirondack region, Platinum is excited to be working on its fourth luxury auction offering on Tupper Lake with the Adirondack Premier Properties team,” stated Platinum’s founder and president, Trayor Lesnock.

The auction house sold two lakefront camps on Upper Saranac Lake – one in 2019 and another in 2020 – in addition to a camp on Upper St. Regis Lake in 2020. Paradise Peninsula marks the firm’s first offering in the Tupper Lake market area.

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The 14-acre estate on Big Tupper Lake, once asking $3.2 million, will sell without reserve

A three-building and two-island compound in upstate New York’s Adirondack region is headed under the hammer in July.

The property, in Tupper Lake, will be sold at an on-site auction without reserve by Platinum Luxury Auctions on July 16 in partnership with Jodi Gunther of Adirondack Premier Properties Berkshire Hathaway Homeservices.

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A 14.5-acre, waterfront parcel in Tiburon, CA that was previously asking $47 million will now be sold without reserve and regardless of price at a live, luxury auction scheduled for Friday, May 21. The unique property, known as Bluff Point due to its topography and peninsula-like shape, offers 2,000 feet of frontage on the San Francisco Bay, and even includes a private, sandy beach. The parcel has changed ownership only once within the past 100 years, and is currently the largest residential property available for sale in all of Marin County, CA that is located on the water and remains undeveloped.

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An owner looking to unload a multimillion-dollar home, in an area where such properties are the exception, might consider holding an auction…

Several such palatial estates in the Ligonier Valley recently changed hands through the services of Platinum Luxury Auctions, a Florida-based firm headed by a Western Pennsylvania native.

“We only take on about 25 to 28 transactions a year,” said Trayor Lesnock, a 2000 graduate of Washington High School who is the founder and president of Platinum. “We’re spending a significant amount of money to market those properties. We’re using a gigantic spotlight to shine on a few properties.”

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A 14.5-acre swath of lush land along with some 2,000 feet of private shoreline on the tip of the Tiburon Peninsula will be auctioned Friday, May 21.

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Platinum Luxury Auctions has added another noteworthy sale to its portfolio.

On January 29, the Miami-based, luxury real estate auction house held a live auction for a penthouse condominium at the Four Seasons Private Residences in downtown Miami. An audience of seven bidders vied for the property as part of a real-time bidding process held on-site, which culminated in a non-contingent sale and a closing scheduled for mid-March. Prior to being offered for luxury auction, the 70^th-floor residence had been listed for sale for nearly nine consecutive years with a collection of Miami’s top brokers, yet found no successful suitors.

While the price of the pending sale won’t be known until closing, Platinum quantified the figure as being the 5^th-highest resale in the building’s history and the 3^rd-highest resale within the past 5 years. “We just missed the 3^rd and 4^th all-time price marks by 2% and 1%, respectively,” according to David Ashcroft, Platinum’s managing director. “And after paying that price, the buyer still intends to extensively renovate the unit.”

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Platinum Luxury Auctions, a Miami-based auction firm and New York real estate broker, has reported the pending sale of a full-floor condominium in New York City’s Upper East Side, following its auction of the property on Friday, February 19^th. A total of 14 bidders registered for the no-reserve auction, which was conducted via a live, real-time bidding event held in the residence. The non-contingent sale is scheduled for a rapid closing in approximately 30 days.

The property is located at the 838 5^th Avenue building in the Lenox Hill neighborhood, and was first brought to market at $27.5 million before the seller elected to expedite the sale via Platinum’s non-distressed auction process. It’s one of only ten condominium units in the ultra-exclusive building. Occupying the entire 10^th floor, it offers a 4,500-sf interior with 3 bedrooms, 3 full and one-half baths. Its standout feature is perhaps its 46-ft wide great room with direct views of Central Park. The boutique building was converted to condominiums from a commercial space in 1999.

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