East of Eden, listed for $12.5M, to go to auction

BAR HARBOR — The historic mansion East of Eden will go to auction on Sept. 7, unless sold beforehand. The mansion is currently listed for sale for $12.5 million with the Knowles Company.

Sitting on nine landscaped acres with its own pond and deepwater private dock, the 1910 Mediterranean-style villa is one of a handful of estates left from Bar Harbor’s Cottage Era, having survived the 1947 fire and generations of economic and cultural changes.

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Campari Sells ‘Most Expensive Home on Earth’ at 43% Discount

Davide Campari-Milano SpA reached a preliminary agreement to sell the historic Villa Les Cedres on the French Riviera for 200 million euros ($221 million) to an unspecified buyer for private use.

The villa was among the assets that the Italian distiller acquired with its 2016 purchase of Grand Marnier Group. The transaction is expected to close at the end of October, though there are conditions, including the departure from the house of one member of the family that controlled Grand Marnier, Campari said in a statement.

Read full article by Marthe Fourcade at Bloomberg here.

Platinum Luxury Auctions Posts Another Market-Leading Sale in Ligonier, PA

After posting one record property sale in Ligonier, Pennsylvania at a January auction, luxury real estate auction firm Platinum Luxury Auctions has announced another lofty sale in the rural community in western PA that has long served as an under-the-radar retreat for the wealthy. On May 11th, a live auction was held for the Hidden Meadow Farm estate, which resulted in a successful sale that closed last week, according to the auction house. Platinum conducted the luxury auction® sale in cooperation with listing agent Annette D. Ganassi of Ligonier’s Howard Hanna Real Estate Services.

While the buyer and seller requested the exact price of the sale be confidential, Platinum disclosed that the sale ranks as the 8th highest in the history of Westmoreland County, PA, per the firm’s review of the county property records. Platinum’s January sale of the 200-acre “Woodmere” estate produced a $3.75m sale price, which registered as the 2ndhighest resale price in county history.

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On June 1st, the Luxurious Ashokan House in Woodstock, NY Heads to Luxury Auction®

handsome estate nestled on more than 12 private acres with inspiring views of New York’s Ashokan Reservoir and Catskill Mountains will soon find its new owner. The luxury property, which was previously on the market for $4.5 million, is scheduled to be sold to the highest bidder at a live auction held on the property site on June 1st, 2019. The luxury auction® will be held without reserve, meaning the highest bidder will prevail – regardless of the price. Luxury real estate auction house Platinum Luxury Auctions, which specializes in multimillion-dollar home sales on behalf of their wealthy owners, was retained by the property owner to conduct the auction sale, which will be held in cooperation with listing brokerage Berkshire Hathaway HomeServices Hudson Valley Properties. Listing agents Harris Safier and Jeff Serouya are representing the brokerage in the transaction.

Affectionately named Ashokan House by its owners (due to its location on the Ashokan Reservoir), the estate sits on 12.5 acres and includes a main residence and separate carriage house. In addition to beautiful views of the calm reservoir waters, the property’s mountainside location provides vistas of the Shawangunk, Mohonk and Slide Mountains (the latter being the Catskills’ highest peak).

“This is one of those beautiful homes that simply makes one scratch his head as to why it has not yet sold,” said David Ashcroft, Platinum’s managing director. “It’s just such a tastefully done property and a perfect retreat from the city. Our marketing department won’t stop talking about wanting to live there,” he joked.

First built in 1950, the property was meticulously renovated by its current owners in 2004-2008. The tri-level main residence offers 5 beds, 6 full and 2 half baths throughout 11,000 sf, while a separate, two-level carriage house adds 2 beds, 1 bath and 2,500 sf, in addition to a lower-level garage with six vehicle bays.

The handsome stone and slate exteriors of the living structures are complimented by copper roofs and various terraces and balconies. Interiors are bright and airy, and feature special touches such as lofted plaster ceilings with reliefs by Italian plaster artist Frank Mangione. Custom wood paneling and accents – primarily in cherry and mahogany – exist throughout. The interplay between these exterior and interior styles creates an atmosphere of relaxed elegance and comfortable luxury.

The main residence’s entry opens to an exquisite great room with soaring 14-ft ceilings, beautiful fireplaces, and elegant woodwork accents. This space houses living, dining, and recreation areas, and is brightened by a multitude of picture windows and French doors that “bring in the outdoors.” There are two kitchens, one for family use and another with professional-grade, stainless-steel appliances – perfect for catering galas or charity events (the property has in fact hosted weddings on-site).

Other features include a garden room, mahogany-paneled study, atrium, cherry-paneled game parlor with dual fireplaces, and oversized master and “junior master” bedroom suites.

The private grounds – surrounded by lush foliage – have been professionally landscaped with a low-maintenance ethos. Xeriscaped gardens (which require very little irrigation and maintenance), a “stone-scape” pond, three fountains and a charming gazebo add character to the premises, along with gently meandering pathways paved in bluestone and various stone staircases.

Deal-seeking luxury homebuyers should also pay attention to the timing of the sale: the transaction will occur before New York’s new property tax hikes go into effect. On July 1st, both the “mansion tax” and the state transfer tax will be increased, levying more fees upon the buyers of properties in excess of $1 million.

Additional literature on the property and luxury auction® terms can be found online at WoodstockLuxuryAuction.com. Interested parties may also contact Platinum’s project manager, Leslie Rose, at 800.853.2101. Open house previews of the property are scheduled each day between the hours of 12 and 4pm local time, until the auction.

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New Jersey Estate on 10 Private Acres Heads to Luxury Auction® May 18th

This Saturday, May 18tha luxury home on 10 acres in Far Hills, New Jersey will be offered for sale at a live auction.

Previously on the market for $4.75 million, the property will now be sold to the highest bidder who meets or exceeds the auction’s $2.075m reserve bid. Luxury real estate auction house Platinum Luxury Auctions is handling the sale in cooperation with New Jersey listing brokerage Kienlen Lattmann Sotheby’s International Realty.

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Once Asking $13 Million, Waterfront Condo in Midtown Manhattan Heads to Luxury Auction®

Platinum Luxury Auctions Will Offer Condo in Beekman Neighborhood at May 17th Sale

two-story condominium with 1,500 sf of outdoor living area and direct water views is headed for sale via luxury auction®. The property, located in Midtown Manhattan’s desirable Beekman neighborhood and fronting the East River, was initially asking $13 million. It will now be offered at a live auction held on the property site on May 17th, and will be sold to the highest bidder who meets or exceeds the auction’s $4 million reserve. Miami-based luxury real estate auction house Platinum Luxury Auctions – a firm that specializes in the non-distressed auction sale of multimillion-dollar properties – was retained by the property owner to manage the sale. Platinum is also a licensed New York real estate brokerage.

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Ligonier, PA’s Hidden Meadow Farm Set for May 11th Auction Sale with Platinum Luxury Auctions

Following its successful luxury auction® sale in January of the Woodmereestate in Ligonier, Pennsylvania, luxury real estate auction house Platinum Luxury Auctions will now offer another multimillion-dollar property in the exclusive Westmoreland County borough at auction. On May 11, 2019Hidden Meadow Farm, a 133-acre estate that was previously asking $6.5 million, will be sold at a live auction held on the property site. The property will be sold without reserve and regardless of the amount of the highest bid price. Platinum is managing the sale in cooperation with listing agent Annette D. Ganassi of Howard Hanna Real Estate Services in Ligonier.

“Following our success in Ligonier with the sale of the Woodmere estate earlier this year, we’re pleased to be offering another one of the area’s most exceptional properties,” stated Trayor Lesnock, Platinum’s president and founder.

Platinum sold the 200-acre Woodmere property for $3.75 million as part of a 4-property sale the firm conducted for a wealthy couple based in Beverly Hills, CA. That sale closed in February.  Lesnock noted that quite a few prospective buyers who inquired for that auction have also expressed interest in Hidden Meadow Farm.

“Our team has been very pleased with the response we’ve seen from buyers – both in quantity and quality – for each of the Ligonier offerings. It demonstrates there is still strong interest in premier Ligonier properties, but buyers simply need the proper motivation to act. That motivation is provided by the luxury auction process.”

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Platinum Luxury Auctions Posts Top-of-Market Prices

Platinum Luxury Auction Reaches Highest Prices with Recent Sales in Yelm, WA & Cabo, MEX

Miami-based auction house Platinum Luxury Auctions has posted top-of-market sales in its two most recent real estate auctions, according to the firm. On April 5th, Platinum sold a unique equestrian estate in Yelm, Washington for the highest price year-to-date in the city of Yelm. The following week, on April 13th, it sold an oceanside estate in Cabo San Lucas, Mexico, at a price that is the highest in the oceanfront community of Pedregal within at least the past 14 months. The price of each sale will not be reported until the transactions close. Both auction sales were held “live” and in real-time on the respective property sites.

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Oceanside Estate in Cabo San Lucas Scheduled for Sale at Luxury Auction® this Sat, April 13th

multimillion-dollar estate in Mexico’s California Baja Sur that was once asking $10 million will now be sold at a live auction without reserve on Saturday, April 13thMiami-based real estate auction house Platinum Luxury Auctions is managing the auction sale of the property in cooperation with Snell Real Estate, an Engel & Völkers affiliate serving as the listing brokerage of record. Sales associate Cindy Stanford is representing Snell in the transaction. Bidders who wish to participate in the sale must register with Platinum by a deadline of 5pm PT on Thursday, April 11th.

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40-Acre Horse Farm Comes With Olympic-Sized Arena—And a Doomsday Bunker

Bidders on a 40-acre horse farm one hour south of Seattle have the chance to live a life of luxury—even if the apocalypse strikes.

Trinity Farm, an equestrian estate in Yelm, Washington, with an indoor pool and a three-bedroom, air-tight bunker, heads to a live auction on Friday afternoon without reserve. Previously asking $5 million, the five-bedroom main mansion and its numerous outbuildings will sell to the highest bidder regardless of price.

The property has all the bells and whistles of a multi-million-dollar horse farm, including an Olympic-sized indoor arena with highly prized Attwood composite footing, paddocks and acres of riding fields. The custom-built estate also has a helipad, snail-shaped motor court and an open floor plan that flows into a sun-drenched, glass conservatory.