Six waterfront condominium units in downtown Miami and Sunny Isles Beach will be offered at an auction!
Read the entire article by Mike Seemuth at The Real Deal HERE.
On Saturday, October 20th, six waterfront condominiums in Miami will be offered for sale at one auction event, according to Platinum Luxury Auctions, the Miami-based auction firm and real estate brokerage that is managing the sale. At least three of the properties will be sold without reserve, meaning the highest bidder will prevail regardless of the bid price. Two of the condominiums are located in the Trump Towers in Sunny Isles Beach, while the other four units are located in the Epic Residences in downtown Miami. The live, luxury auction® sales event will be held at the Epic site, and is scheduled for 7pm ET.
“With many of Miami’s real estate experts suggesting now is the time to buy a condominium, we’re excited to offer the marketplace auction pricing on these luxurious, waterfront units,” stated David Enriquez, Platinum’s Vice President of Operations.
Mr. Enriquez pointed to a recent article in the Wall Street Journal’s Mansion Global section, wherein a number of Miami brokers noted that the city’s remaining condo inventory is from a development cycle that began in 2012, and nearly all of those units are likely to be absorbed within the next 12-18 months. With very few new developments planned, upscale condo inventory may soon be scarce rather than excessive, thus shifting the market in favor of sellers.
The four condominiums at the Epic Residences offer 2-bedroom and 3-bedroom floor plans, and all units offer views of downtown Miami and its surrounding waterways. Unit features include professional-grade appliances, Snaidero cabinetry, Italian marble floors, and floor-to-ceiling, impact-glass windows.
At least two of these four Epic units will be sold without reserve, while the remaining units will be sold subject to the seller’s confirmation, meaning the seller has the option to negotiate the high bid.
The Epic development offers its residents 24-hr front desk/security, high-speed elevators, and multiple pools (including a 13,000-sf, “wrap-around” pool). It also houses the Epic Kimpton hotel, which adds world-class restaurants, a spa and meeting/conference amenities. The upscale hotel is housed in a separate building that adjoins the private residences.
North of the downtown area in Sunny Isles Beach, the Trump Towers offer a more serene lifestyle, with direct access to the sugar-sand beaches of the Atlantic Ocean. The oceanfront development consists entirely of private residences, with amenities such as beachfront cabanas, floor-to-ceiling windows, 24-hour valet, and a concierge and security staff.
The two Trump condominiums also offer two and three bedrooms, and feature lofted ceilings, large terraces, European-style cabinetry, granite countertops, and elegant master baths complete with frameless showers and soaking tubs. One of the Trump units will be sold without reserve, with the other unit selling subject to the seller’s confirmation of the bid.
“While the seller is committed to offering three units without reserve, he also has the option to offer more units in this fashion,” added Enriquez. “We therefore encourage all active condo buyers and ‘deal-seekers’ not to miss this event.”
Final previews of the properties are being held today. The deadline for bidders to register for the auction is also today at 5pm ET, although Platinum noted that registrations may be permitted through Saturday for qualified parties. Interested buyers should contact a Platinum representative at 800.727.0594 for details. Additional information is also available at MiamiLuxuryAuction.com.
Florida’s Third District Court of Appeal ruled on August 16, 2017 that Platinum Luxury Auctions was innocent of the meritless accusations and the legal complaints made against it by Concierge Auctions. As a result of the ruling, Concierge was also ordered to pay Platinum’s legal fees related to the complaint, which amounted to more than $23,000.
In April 2016, Concierge filed a lawsuit for a Motion to Enforce Settlement Agreement against Platinum Luxury Auctions and its president and founder, Trayor Lesnock. In the motion, Concierge claimed that Lesnock and Platinum were in violation of a non-disparagement provision contained in a confidential settlement agreement between the two companies that was executed in September 2014, relating to a previous legal dispute.
In response to the motion, Miami-Dade circuit judge William Thomas ruled in Concierge’s favor. Platinum then appealed the decision in the higher courts based on its confidence in the facts surrounding the complaint, resulting in Platinum’s August 2017 victory.
Concierge argued that a blog post written by Lesnock entitled “Clank! The Curious Case of the Failed Michael Jordan Auction(s),” was in violation of the settlement agreement in the original Platinum Luxury Auctions lawsuit. Lesnock’s post does not mention Concierge Auctions by name, and presents an arguably neutral discussion of its failed attempt to sell the famous basketball player’s Chicago home in a November 2013 auction.
In the appeal, Platinum’s attorneys at the Tripp Scott Law Firm in Fort Lauderdale, FL successfully argued that not only did Lesnock create the Michael Jordan blog post in January 2014, a full nine months before the settlement agreement, but he was also able to prove that the article was never edited, revised, or otherwise modified since the posting date.
More importantly, despite the fact that Concierge Auctions’ counsel carefully reviewed the blog post in depositions with Lesnock related to the September 2014 settlement, Concierge did not request that Lesnock censor, remove, or modify the blog in any way whatsoever as part of that lawsuit settlement.
Ryan H. Lehrer of Tripp Scott, the lead attorney for Platinum Luxury Auctions in the appeal, stated that Concierge’s motion was “just the latest attempt by that entity to harass Platinum Luxury Auctions with meritless accusations and legal filings.”
Lehrer added that the opinion of the higher courts, “…solely concentrated on the fact that Platinum Luxury Auctions had not breached the parties’ settlement agreement and the fact that Concierge Auctions LLC had wrongfully attempted to insert additional terms into that agreement that did not exist.”
Platinum Luxury Auctions is responsible for developing the luxury auction® model for high-priced real estate auctions and owns the trademark rights to the term “luxury auction.” The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum’s team has closed more than $768 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.
Next Friday, a live auction sale will be held for a luxurious residence in Basking Ridge, New Jersey that was once home to Pro Football Hall of Fame running back LaDanian Tomlinson. The suburban estate was previously listed for nearly $3 million, but will now be sold to the highest bidder without reserve and regardless of the high bid price on September 28th. Luxury real estate auction house Platinum Luxury Auctions, a firm specializing in the non-distressed sale of multimillion-dollar homes on behalf of their private owners, is managing the luxury auction® in cooperation with listing broker Michael Lattmann of Kienlen Lattmann Sotheby’s International Realty.
The upcoming sale marks the second auction orchestrated between the two firms in 2018. In June, Platinum and Kienlen Lattmann sold a home in New Vernon, NJ for approximately $2.2 million. “We’re pleased to work again with Michael Lattmann and his team on another exciting auction opportunity,” stated Trayor Lesnock, Platinum’s president and founder. “The home next door just sold for $2.3 million in April, and it sits on only 3 acres and is nearly 700 square feet smaller, so the value opportunity for this auction is very real.”
Although the home is owned by an entrepreneur who no longer resides in New Jersey, Tomlinson leased the property during his stint with the New York Jets in 2010 and 2011. The legendary running back then retired, and was later inducted into the Pro Football Hall of Fame in August 2017, his first year of eligibility.
The property sits on more than 9 private acres, and is located within a boutique, residential enclave named Pheasant Crossing. The 45-acre development features only ten estates, and was developed by Mark Built Homes, an award-winning, family-owned company. Michael Markovitz, the firm’s principal, boasts several Community of the Year awards from both the Community Builders Association of New Jersey and the New Jersey Builders Association.
With three living levels offering 6 bedrooms, 6 full and 2 half baths throughout nearly 7,200 interior square feet of living space, the residence can accommodate larger families and serves as an exceptional venue for entertaining.
One bedroom is located on the main floor, while the remainder of the four guest bedrooms and the master suite are on the upper level. Prominent features include a gourmet kitchen with dual islands, a two-story foyer and a large backyard patio done in hand-laid bluestone.
The home’s lower level includes an entertainment lounge with wood-burning fireplace, wet bar/kitchen, dining area, enclosed home theater, 1,000-bottle wine cellar with tasting/cigar room, and a fitness center with an adjacent bathroom, walk-in steam shower and sauna.
Previews of the property are available by appointment between the hours of 12 and 4pm ET each Friday through Sunday, until auction. For information on property previews, bidder registration or other auction procedures, visit NewJerseyLuxuryAuction.com, or contact Platinum’s project manager, Chase Boruff, at 800.825.4694.
An impressive residence in the upscale Carlton Woodscommunity within The Woodlands, TX has been scheduled for sale via luxury auction® on August 18th. Recently asking $6.75 million, the property is now being auctioned without reserve, meaning that the highest bidder will become the new homeowner regardless of the bid amount. Luxury real estate auction house Platinum Luxury Auctions, which previously produced the Woodlands’ record sale of $7.1 million in 2016, is working in cooperation with veteran listing agent and top-producer Beth Ferester of Beth Ferester and Company for the transaction.
The homeowners relied heavily on Ferester’s input when electing to auction the home. According to Ferester, Platinum’s intensive deal management and focused service model were decisive factors in selecting the Miami-based firm. “Like Platinum, it is quality rather than quantity that is the base of our business model, and it has worked well for us over the past 36 years,” she stated.
“Beth is a proven force in the luxury real estate industry, and has probably already forgotten more about selling Texas property than most of us will ever learn,” noted Trayor Lesnock, Platinum’s president and founder. “We’re excited to work together on a home that is sure to impress even the most particular luxury homebuyer.”
According to Lesnock, the hardly two-year-old residence is fit for a showroom. “What is perhaps most impressive is that the home is in ‘camera-ready’ condition even while serving as a primary residence for a growing family,” he added. “It’s an excellent sign of pride of ownership.”
The home was designed by Sullivan, Henry, Oggero & Associates and newly completed in 2016 by Matt Powers Custom Homes. Built in accord with Leadership in Energy and Environmental Design (LEED) standards, it offers 11,150 interior square feet throughout two living levels, with 5 bedrooms, 8 full and 2 half baths. A “bonus” room can be used as a sixth bedroom.
All bedrooms are quite spacious and include en-suite baths. Custom built-ins in the children’s rooms offer ample work-study and storage space. A sumptuous master suite on the upper level features a private vestibule entrance and his-and-hers bathrooms, while a “junior master” suite on the entry level is perfect for guests or live-in staff.
Additional interior features include an elevator, grand salon, gourmet kitchen with oversized island, upper and lower entertainment lounges, and a gentlemen’s “sports cave” offering 3 wall-mounted televisions for the avid sports enthusiast. Fine finishes are located throughout the residence, and include bespoke molding, hand-beveled and scraped French oak floors, and wood-paneled walls.
Outdoor amenities are also sure to impress. The neatly manicured grounds were created with the help of Moss Landscaping, and include an English-style garden, firepit with seating area, and an in-ground trampoline offering fun for all ages.
The home’s outdoor living area – located just off the lower-level family room and entertainment area – features a covered lounge with a fireplace, television, built-in audio/video system, and an adjacent summer kitchen with a Wolf grill. A custom pool and spa surrounded by a paved pool deck are just steps away from the lounge.
Carlton Woods requires that property previews are conducted by appointment. Interested parties may contact Platinum to schedule their visits between the hours of 12pm and 5pm CT, each Friday through Sunday until the auction date. Visit WoodlandsLuxuryAuction.com, or contact Platinum’s project manager, Brian Raymond, at 800.983.7817 for additional information.
On July 28th, a luxury home in Ridgefield, CT with a home automation system that has garnered exposure in media outlets such as Bloomberg BusinessWeek, Archi-TECH Residential and Tech Home Builder, will be sold at a live auction. Although once asking $4 million, the residence will now be sold without reserve, meaning the highest bidder will prevail, regardless of the high bid amount. The property owner, John Russell Patrick, retained Miami-based auction firm Platinum Luxury Auctions to handle the sale. Platinum is working in tandem with the property’s listing agent, Harry “Chip” Neumann, Jr. of Neumann Real Estate, for the transaction.
Mr. Patrick, who is a former vice president of IBM and a founding sponsor of the World Wide Web Consortium at MIT in 1994, was involved in the development and growth of the Internet. His tech background, combined with the fact that he also authored a book entitled, Home Attitude: Everything You Need to Know to Make Your Home Smart, makes it no surprise that Mr. Patrick developed a very tech-centric, automated residence for his family.
“Whether you want to change the temperature, adjust lighting, open the garage door, or even create custom responses to incoming visitors or a change in weather, you can do it with the simple press of a touchscreen,” stated David Ashcroft, Platinum’s director of business development.
A series of one-touch, wall-mounted digital panels located throughout the home provide control over the automation system. In addition, sensors throughout the property are set to trigger customized commands in the event of snow, rain or the arrival of guests. A 25-kW generator and battery backups assure power is uninterrupted, even in inclement weather.
Despite all of its tech features, the property does not present itself as a “techie” home, and instead offers an elegant, traditional design with an ambiance of relaxed luxury. Situated on 2.7 manicured acres, the residence is approx. 6,800 sf, with 5 bedrooms, 3 full and 2 half baths.
Built in 2002, construction emphasized the use of reliable, low-maintenance materials. The home’s siding, shingles, and exterior trim are constructed of components that are especially impervious to weather.
Interiors feature handsome wood molding and hardwood floors. A large, mahogany-paneled office – designed by a leading architect in workplace planning – maximizes productivity. There is also, 1,700 sf of “bonus space” ready for custom completion, as well as an attic offering another 1,267 sf of flexible space.
An attached, 5-car garage is complimented by a detached, 2-car garage that includes a space ideal for use as a studio, office or “man-cave.”
The home’s grounds and outdoor living areas include a 60-ft pond, in-ground spa with rock waterfall, multiple gardens and a gazebo (plans are available for an in-ground swimming pool). Nearly 6,000 sf of paved driveway and 3,000 sf of stone terraces and walls serve to enhance the beauty of the landscaping.
Open house previews of the property are available between the hours of 12 and 5pm ET daily, through Friday, July 27th. For information on property previews, bidder registration or other auction procedures, interested parties may visit ConnecticutLuxuryAuction.com, or contact Platinum’s project manager, Walter Cerini, at 800.745.8323.
Former IBM Vice President John Patrick’s Whipstick Road home in Ridgefield will be auctioned off by Platinum Luxury Auctions on July 28. Designed by MacMillan Architects in collaboration with Phoenix Audio Video of Fairfield, the “smart house” features fully-integrated home automation.
Check out the full Habitat article by Anna Quinn here.
Automation behind the scenes makes this stunning shingle style residence technology savvy (yes, it’s really [very] smart). Owned by Internet Pioneer and author, John Patrick, 117 Whipstick Road is his brainchild and brings “Home Attitude”, Patrick’s newly released book, to life.
Featured in Business Week and most recently in Mansion Global, the five-bedroom home boasts distinguished architectural features, custom millwork, arched panel doors, hardwood floors, radiant heat, high-quality cabinetry, many built-in special features. An acclaimed office and custom five-car garage, complete the perfectly efficient package.
Now, the absolutely stunning home is in the hands of Platinum Luxury Auctions. Property Previews are currently taking place daily from noon to 5:00 pm until July 28. Registered bidders only. Contact Platinum to obtain registration information.
The former IBM VP shared thoughts on the upcoming home auction on his Blog saying, “After being married 50 years, we are happy to live anywhere, but the big house became more than we needed. We decided to downsize to a Toll Brothers carriage house about 12 miles away.” Patrick adds, “Now the question is how to sell such a special home. As I told the Wall Street Journal, I like the auction model because it is action-oriented.”
“Some say an auction is a risky approach to selling a home. I say relying completely on the traditional home selling method is also risky as the carrying costs mount. One is wait and see, the other is make something happen through an aggressive marketing program and professional handling of bidder interest. I will know if it was a good decision on July 28. I am optimistic. If you have a friend who is looking for a Ridgefield, Connecticut outpost, please share this with them,” says Patrick.
See the full article, written by Kerry Ann Ducey, here.
The 6,800-square-foot mansion in Ridgefield, Connecticut, features fully integrated home automation, which Mr. Patrick helped design from scratch. Platinum Luxury Auctions is overseeing the auction.
Mr. Patrick, 72, is a founding sponsor of the World Wide Web Consortium at MIT in 1994, where he was heavily involved with discussions about the birth and subsequent growth of the internet. As tech-savvy as they come, Mr. Patrick channeled his technological shrewdness into the construction of his brilliant home, equipped with a uniquely sophisticated system. Platinum Luxury Auctions produced a video that highlights the home’s impressive features.
Mr. Patrick, who authored the book “Home Attitude: Everything You Need to Know to Make Your Home Smart” and worked for IBM for 39 years, is an expert in home automation.
Mr. Patrick noted that his home’s smart technology offers state-of-the-art energy conservation, home security, and convenience. “I wanted technologically advanced features and infrastructure in the home that would last for decades,” Mr. Patrick told Mansion Global.
“There are miles and miles of hidden network cables,” Mr. Patrick said, explaining the complex inner-workings of such a unique home.
According to a news release, the system is controlled through one-touch, wall-mounted digital panels placed throughout the home. “From these stations, everything from the garage doors to the waterfall in the seven-seat spa can be controlled with a fingertip, and sensors have been strategically placed to trigger customized commands in the event of snow, rain, or the arrival of dinner guests.”
The unconventional innovator that he is, it is unsurprising that Mr. Patrick grew impatient with the traditional “wait-and-see” method of listing real estate on the market and hoping someone bites. After listing and relisting his home over 10 times since 2013, he chose to auction his fully-automated home live, without reserve, in late July. The home was last listed in April for just under $2 million.
The home, once listed for $4 million, will soon be at the mercy of a live auction.
“It’s going to be up to the bidders,” Mr. Patrick said, acknowledging the risk associated with a live auction model. “But doing nothing is a risk, too. I savor this approach, it’s more likely to get results.”
Plus, he added, “we are very optimistic about the approach we are taking,” referencing internet traffic on the real estate listing site Zillow, direct email inquiries, and views on the auctioneer’s professional video.
The home, although exceptionally smart, is quite beautiful, too, but Mr. Patrick conceded, “My wife had more to with that than I did.”
According to the listing, the residence offers custom mill work, arched panel doors, and hardwood floors.
In 2002, when Mr. Patrick completed the home, the property received considerable attention in the media, according to Mr. Patrick. Once featured on Businessweek TV, the home includes a 60-foot koi pond, an in-ground spa with a waterfall, gardens, a gazebo, and an office with custom South African mahogany.
The home will be auctioned on July 28, but, as the auction approaches, Mr. Patrick expects substantial feedback from bidders.
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