Custom-Built 10-Bedroom Cabo San Lucas Home to Hit Auction Block

The Baja-style house is currently on the market for $6.7 million

Villa Searfoss, a cliffside luxury retreat in the tony Mexican resort town of Cabo San Lucas, will be auctioned on April 13 with no reserve, according to Platinum Luxury Auctions.

Trayor Lesnock, president of the Miami-based auctioneer, said the property in the chic Pedregal community has been on the market for several years.

It’s currently listed by Cindy Stanford of Engel & Völkers Snell Real Estate for $6.7 million.

In 2016, Platinum offered the property with a $5 million reserve. “These were difficult terms,” Mr. Lesnock said. “At that time, there were two homes offered at auction in the community—one by us and one by another auctioneer. Neither of them generated enough interest to advance to auction.”

He added that this time, “we’re re-offering the property without a reserve, which is appropriate.”

He said the owner, who lives in Michigan, is selling because he doesn’t visit Cabo as much as he did when his children lived there.

“He has an engineering background and is an inventor, so he wants more capital to work on his inventions,” Mr. Lesnock said. “He’s interested in buying a smaller place in Pedregal.”

Overlooking the Pacific Ocean, the tri-level cast-concrete house was custom built by the owner in 2008. The owner couldn’t be reached for comment.

The 10-bedroom, 11.5-bath bath Baja-style home has more than 11,000 square feet of living space, plus more than 5,000 square feet of outdoor living areas, including a pool deck, a fire-pit lounge, a spa and an infinity-edge pool designed to look as though it’s floating in the ocean. It also has a four-car garage that can be expanded.

The master suite, which occupies 2,034 square feet of indoor and outdoor living space, includes a walk-in shower, a jetted tub, two walk-in closets, his-and-hers sinks and vanities, two water closets and a private office.

Two staff or guest apartments, complete with private kitchens and living areas, can be accessed without going through the main house.

In the grand salon, walls of windows provide panoramic views of the ocean and the stunning sunsets that define Cabo.

Other amenities include a media/entertainment room, a second TV/game room on the lower level that has a wet bar and full bath, and a specially designed plumbing system that assures an infinite supply of hot water and high water pressure.

The hillside house, which has desert landscaping, sits on .80 of an acre, one of the larger plots in the Pedregal.

“The property is a good size and is laid out well,” Mr. Lesnock said. “And Pedregal is a special little place. It looks like a quaint little city in Italy or France with a tropical climate and spectacular sunsets.”

Villa Searfoss is only a mile from downtown Cabo, the entertainment and retail district. It’s also close to the iconic El Arco rock formation, where the Pacific Ocean becomes the Gulf of California, and the marina.

BY NANCY A. RUHLING |    |  MANSION GLOBAL

Seller Opts Out of Planned Wellington Auction

Despite 3 Years on Market and 5 Registered Bidders

3.7-acre equestrian estate in WellingtonFlorida that was scheduled for sale today at a live, luxury auction® will instead seek offers from interested buyers through direct negotiations. According to Platinum Luxury Auctions, the Miami-based luxury real estate auction firm that specializes in selling multimillion-dollar properties for wealthy sellers, the owners elected against proceeding with a live auction despite the fact that five bidders had qualified and registered for the auction, which was to be held on the property site at 4pm ET. Before today, Platinum enjoyed a flawless sales record in the posh equestrian town in western Palm Beach County, selling 7-of-7 properties it offered for auction there.

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Not Yet! Auction for Wellington, FL Estate Extended to March 1

Now Selling without Reserve

Although four bidders had registered to participate in the luxury real estate auction of a 3.7-acre equestrian estate in Wellington, FL for February 15, the auction date was extended by two weeks in order to allow several last-minute buyers to participate in the sale. Miami-based auction firm Platinum Luxury Auctions, who was retained by the property owners to manage the auction sale, stated that while it was comfortable proceeding with the four-bidder audience, it’s not uncommon to briefly extend a scheduled sales date to allow for late-arriving buyers to participate in the auction.

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Ilse-at-Magnolia

Sale of Horse Trainer’s Dream

Wellington, FL | Feb 15th

On February 15, 2019, Magnolia Farm is going to luxury auction. Given the amount of foot traffic the farm has been receiving on its multiple open days, I am fairly sure that I will be looking for a new residence for Ilse Schwarz Dressage before the end of the Wellington winter season. I really do want the farm to have a successful sale. Gaye and Joe Scarpa have been the most amazing owners, and deserve it. However, my heart cracks just a little bit every time I think of leaving.

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Buying Here: That House Sold For HOW MUCH?

Pittsburgh is still a hot real estate market.

The average housing price was $182,000 and sales were up 7% in the third quarter, according to the West Penn Multi-List. Year-end sales had not yet been totaled.

But what about the properties featured in Buying Here? Our annual roundup shows that some affordable homes sold quickly in 2018 while multimillion-dollar estates are still looking for buyers.

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