Ridgefield, CT Estate with Award-Winning Gardens Scheduled for Luxury Auction® June 29th

Following the successful sale of a 10-acre country home in Redding, CTMiami-based Platinum Luxury Auctions has announced another, upcoming real estate auction in the town of Ridgefield. On June 29, 2018a stately suburban residence that once asked as much as $2.85 million will be sold at a live auction to the highest bidder who meets or exceeds the auction’s reserve price of $1.1 million. Platinum is conducting the sale in partnership with the Al Filippone Associates team at William Raveis Real Estate, represented by listing agent Andrew Whiteley. Platinum and Whitely also collaborated for the sale of the Redding property on June 9th.

The English-style, stone manor in Ridgefield, CT is set on 3.6 acres and offers 4 bedrooms and 4.5 baths in nearly 6,000 interior square feet. Built in 1911 and fully renovated in 2005, the residence boasts an impressive provenance. It was originally designed for Arthur C. Fraser (a prominent New York patent attorney) by Grosvenor Atterbury, a Yale-educated architect who specialized in weekend homes for the wealthy and had a collection of high-profile clients that included the Rockefellers.

In addition to the residential structure, the property’s grounds also have famous beginnings: the gardens were designed by Warren Manning, a well-known landscaper famous for his contributions to the 1893 Chicago World Fair and his work on the Biltmore Estate. Manning gave the gardens an 18th-century, “English romantic” style which earned them a feature in a Garden Club of America tour in 1927.

Today, the home’s outdoor living areas include a “sunken garden” outdoor lounge with a koi pond, surrounded by extensive gardens and various plantings. The gardens’ blend of contemporary designs with the preservation of some of Manning’s original “wild garden” plantings earned them a place in the Garden Club of America Collection at the Smithsonian Institution’s Archives of American Gardens (AAG) in the fall of 2017.

“We’re looking forward to extending our series of successful auction sales in Connecticut with this impressive home,” noted David Ashcroft, Platinum’s director of business development. “It offers such incredible value, some of our own team members have even remarked they might place a bid.”

Platinum, a firm that specializes in the non-distressed auction sale of multimillion-dollar homes on behalf of their owners throughout the country, has been conducting more business in the state during the past few years, and has experienced an uptick in inquiries from Connecticut homeowners, according to Trayor Lesnock, its president and founder. “Given the way the economic landscape and the luxury residential markets have changed in Connecticut, we’re pleased to be seeing 5, 6 and 7-bidder audiences at our auctions. We know there are many frustrated sellers here looking for a sale, quite a few of whom seem to own multiple properties in Connecticut. They’re ready to do something better with their capital than have it languish in a residential home.”

Prominent features of the Ridgefield property include a cozy, gourmet kitchen with commercial-grade appliances and wood-burning fireplace, formal living and dining rooms, indoor conservatory, game room, and a large master suite with beautiful views of the surrounding landscapes. Historic elements such as original flooring and wood-burning fireplaces are balanced with modern features like Swarovski doorknobs and a whole-house water purification system.

Open house previews of the property are being held from 12-4pm daily through Thursday, June 28th. For information on property previews, bidder registration or other auction procedures, interested parties may visit CTLuxuryAuction.com, or contact Platinum’s project manager, Tawny Wolf, at 800.785.3119.

112-Acre “Emerald Hills” Estate in Charlottesville, VA Set for Luxury Auction® June 23rd

Platinum Luxury Auctions Presents Rare Estate, Influenced by Monticello & Mount Vernon

On June 23rd, a 112-acre Charlottesville estate that was influenced by Thomas Jefferson’s Monticello and George Washington’s Mount Vernon will be offered for sale at a live auction. The stately property and its collection of outbuildings were custom built by the current owners at a cost of approximately $20 million. At auction, the property will be sold to the highest bidder above a reserve price of $5 millionMiami-based real estate auction firm Platinum Luxury Auctions is handling the sale in cooperation with Virginialisting brokerage McLean Faulconer.

Emerald Hills is a beautiful and private retreat that is the perfect getaway for the high-powered executive or financial professional, and is especially well-suited for those with large families,” stated David Ashcroft, Platinum’s director of business development. “Considering you cannot reproduce this property today for anything shy of $20 million, the value opportunity presented by the auction is quite impressive.”

Built over the course of four years – and with an emphasis on quality craftsmanship and exacting detail – Emerald Hills is situated on 112 gently rolling acres in Charlottesville, Virginia. Overlooking hardwood forests, a private lake, and the Blue Ridge Mountains, the estate is a stunning example of Neoclassical architecture, with design influences from iconic American structures such as Thomas Jefferson’sMonticello (which is located just 15 minutes south of the Property), George Washington’s Mount Vernon, Carter’s Grove and even the White House.

The layout of the primary residence, with its main structure connected to northern and southern dependencies by a series of curved hyphens, is closely modeled on Mount Vernon. Interior details from the current White House have been reproduced throughout the home, including aspects of the dining room and the western colonnade, the latter of which mimics the south facade of the White House, overlooking the Rose Garden.

Lush, manicured grounds surround the estate, and include 1,000 dogwoods, redbuds and crape myrtle trees in addition to formal gardens, fountains and a 100-ft soapstone reflecting pool. A private lake, two ponds, a stream, and several brooks with springs exist on the property grounds. There is also a vegetable garden modeled on that of Thomas Jefferson, with four, 100-ft x 8-ft raised beds, connected by Shenandoahbrownstone walkways. A home orchard of more than 100 trees (including peach, cherry, nectarine, plum and apple) complements the savory plantings.

Within the main estate, three living levels offer approx. 15,000 sf of interior space, with a total of 5 bedrooms, 6 full and 2 half baths. All bedrooms are ample in size, and feature en-suite baths. Prominent features include a magnificent foyer with dual staircases, stately salon with lofted ceilings, gourmet kitchen, his-and-her offices, a private study, and a lower-level entertainment lounge offering a pub, billiards area, wine cellar, theater and sauna. In the event of severe weather, the residence can be powered by a 125kW Caterpillar generator, which is housed in a “bunker” that is carved discretely into the grounds.

In addition to the main residence, the property includes several outbuildings: a carriage house (with 2,000 sf of living space and 2,700 sf devoted to housing up to 10 trophy vehicles), flower house, log cabin and a large-equipment barn with a staff apartment.

Emerald Hills is sub-dividable, should the new owner elect to do so, and the property also offers the opportunity for a substantial agricultural tax abatement if the grounds are placed into a farm/conservancy program.

For those buyers looking to augment the property beyond 112 acres, an additional five parcels – which offer a total of 36 additional acres and include two guesthouses – can be purchased separately and outside of the auction. While no firm price has been set for the additional properties, Platinum stated that they are available “via private treaty negotiations with the seller.”

Previews of the property are being held by private appointment between the hours of 12 and 5pm ET daily, until auction day. To schedule an appointment, interested parties may contact Platinum’s project manager, Brian Raymond, at 800.767.4857. Extensive photos, video and auction/property documents are also located at VirginiaLuxuryAuction.com.

Riverfront Property Owned by Hollywood Video Founder Nears Luxury Auction® Date

Platinum Luxury Auctions Managing Sale of 32-Acre Estate on Oregon’s Willamette River

When Hollywood Video founder Mark Wattles purchased 32 acres on Oregon’s Willamette River in 1994, the entrepreneur had a vision to create a dream estate on the sprawling parcel.  Although he began to execute that vision – obtaining permits and beginning construction on a 49,000-square-foot mansion with an indoor basketball court and dual automotive galleries – his plans eventually changed, and construction was halted almost 20 years ago, prior to completion.

Fast forward to this Thursday evening at 7pm PT, wherein the property will be sold at a live auction without reserve – meaning the highest bidder prevails regardless of the price – to find its new owner. Wattles originally purchased the land for $1.25 million and stated he has invested more than $12 million into the project to date. “I don’t owe anything on it, so I could have sat on it for another 20 years…but it’s in my interest to auction it to have the widest audience,” Wattles said.

To conduct the auction, Wattles retained veteran real estate auction house Platinum Luxury Auctions. The Miami-based firm specializes in multimillion-dollar real estate auctions on behalf of clients who – like the former movie rental mogul – are not in distress, but rather elect to sell their property in a way they deem to be more expeditious and effective as compared to traditional sales methods, especially when the given property is unique or difficult to value.

“Wealthy sellers like Mr. Wattles are not an exception to our luxury auction® process, but are instead the norm,” stated Trayor Lesnock, Platinum’s founder and president. “That said, what is unique in this case is that he chose to enter the marketplace with an auction, as opposed to many other sellers who waste valuable time – often many years – failing to sell their property traditionally before electing our services. Mark and his listing agents are savvy enough to realize that his special property is best suited for a special sales approach.”

Lesnock and his team are offering the property in cooperation with listing brokerage Luxe Platinum Properties, an exclusive affiliate of Christie’s International Real Estate based in Lake Oswego, Oregon. Luxe is represented in the transaction by its CEO, Terry Sprague and co-listing agent Kendra Ratcliff.

The 32-acre property consists of a peninsular (or “point”) lot with approximately 2,700 linear feet of frontage on the Willamette River. It sits at the end of a quiet road in rural-suburban West Linn, located about 40 mins from the heart of downtown Portland.

While the dream home Wattles planned for the site was never completed, the existing framework is in impressive condition. “It looks like a project that was started only 2-3 years ago. It’s unbelievable how well maintained it is,” Lesnock noted.

Built by Tom Avgerakis, one of the Pacific Northwest’s most sought-after luxury homebuilders, the structure boasts “commercial-grade” construction, with extensive use of steel beams, concrete and treated wood. Original build plans envisioned a sprawling, tri-level estate with +/- 49,000 sf of gross constructed area. Planned features included an indoor racquetball/squash court, indoor basketball court, elevator, and a sprawling master suite with a 1,200-sf closet and private theater. The home’s lower level was designed to include two automotive galleries, each with room for up to 20 vehicles (which is in addition to the 8-car garage adjacent to the main entry).

Thanks to an active building permit, which was secured prior to the current land-use regulations that increased the setbacks for waterfront properties, the homesite offers 270-degree river views that cannot be reproduced. The property also enjoys an agricultural tax abatement that substantially reduces its tax bill.

Final previews of the property will be held from 12-4pm PT daily, through Wednesday, June 13th. For information on property previews, bidder registration or other auction procedures, interested parties may visit OregonLuxuryAuction.com, or contact Platinum’s project manager for the sale at 800.484.2513.

About Platinum Luxury Auctions
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 $757 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.

June 9th Auction Approaches for Luxe 10-Acre Estate in Redding, CT

On June 9th, a luxurious estate situated on 10-acres in rural Connecticutthat once asked more than $10 million will now be sold at luxury auction® to the highest bidder. The property, located in the town of Redding, CT and given the name Shelterfields by its owners, had previously been listed for $10.25 million, but is now slated for sale at auction without reserve, meaning the highest bid – regardless of the bid amount – will prevail. Veteran luxury real estate auction firm Platinum Luxury Auctions was hired by the property owner to conduct the non-distressed auction sale, in cooperation with listing brokerage William Raveis Real Estate. Listing agent Andrew Whiteley of the Al Filippone Associates team is representing Raveis for the sale.

“After successfully selling a neighboring Redding estate in 2017, we’re excited to be working with Andrew and the Filippone and Raveis teams on another beautiful country home in rural Connecticut,” stated David Ashcroft, Platinum’s director of business development. “The pedigree of this property is extremely impressive, and any value-driven buyer looking for a quiet place for his family or a weekend retreat from the city will not want to miss the incredible value opportunity presented by this auction.”

The original footprint of the residence is based upon a carriage house that was built in 1907. Following extensive renovations and additions, the property has been transformed into a luxurious estate, inspired by the homes of the English countryside. The property owners incorporated remnants of the original structure in the renovations, as evidenced by beautiful, exposed beams located throughout, which offer a touch of historical charm to the home’s contemporary elegance.

The two-story residence offers more than 8,500 sf of living space, with 6 bedrooms, 6 full and three half baths. A formal foyer, gourmet kitchen with professional-grade appliances, 2 en-suite bedrooms, a large family room, and a wine cellar with storage for more than 1,000 bottles are featured on the main living level.

A massive, 27-ft by 43-ft great room is connected to the main living areas by a short hallway, and features high-gloss wood floors, exposed wood beams, a powder room and a private balcony – perfect for a music room, billiards room or even a “man-cave.”

The upper level offers 4 bedrooms and multiple entertaining areas. A sumptuous master suite with private balcony, walk-in closets, and a large master bath with soaking tub and separate shower is a perfect couple’s retreat. An adjacent office and entertainment room offer space for work and play, while a sitting room with fireplace provides a private sanctuary for relaxation.

Outdoor living areas include patios both covered and uncovered, which offer expansive views of the rolling countryside. Grounds feature a tennis court, greenhouse, fire pit and private pond. Additionally, a Gunite pool surrounded by stone walls and carefully pruned trees offers a pool house with changing room. Views of the Aspetuck River and surrounding lands that have been placed into a conservation easement add to the tranquility of the estate.

Final previews of the property will be held from 12-5pm daily through Friday, June 8th. For information on property previews, bidder registration or other auction procedures, interested parties may visit ConnecticutLuxuryAuction.com, or contact Platinum’s project manager for the sale at 800.935.1168.

This Could Be Morris Co.’s Most Expensive Home After June Auction

The listing price of $6.1 million is “just for reference.” How much would you bid on this home?

By Katie Kausch , Patch Staff 

HARDING TOWNSHIP, NJ — This sprawling Harding Township home could be Morris County’s most expensive when it hits the auction block on June 1. Listed online for $6.1 million, the home could go for much more (or much less!) than the price when bidding starts.

The six bedroom, eight bathroom home sits on over 10 acres and boasts a six stall barn, luxury pool, a library, and more. How much would you bid on this mansion? Read more about it here, and visit realtor.com for even more photos.

Click here for the full story.

The inside story of Oregon’s greatest mansion never built

By Jon Bell  – Staff Reporter, Portland Business Journal

Mark Wattles had grand plans for a singular 32-acre property along the banks of the Willamette River in West Linn.

The founder of Hollywood Video had bought the property in his early 30s for $1.25 million in 1994, and by 1997, construction was underway on Wattles’ dream home, a sprawling, 50,000-square-foot mansion with three stories, underground parking for his car collection, a full-court gymnasium, an indoor swimming pool, an elevator and more.

But life and business plans changed for Wattles, and two years later, he all but stopped construction on the home. Minor projects and seasonal maintenance continued — largely to keep the building permit open — but for the most part, the home sat framed and unfinished.

For almost 20 years.

Now 57, Wattles has decided he’s never going to finish the project and it’s time to sell.

“I’ve gone back and forth over the years on whether to finish it or not, and I’ve finally made the decision that it’s not going to happen. I’m never going to finish it for myself,” Wattles said. “It was going to be my little oasis. Now it will be somebody else’s.”

The property sits at 32020 S.W. Peach Cove Rd. on the banks of the Willamette River in West Linn. Because the river makes an almost 90-degree bend there, the property offers an expansive, 270-degree view of the river and almost 2,700 feet of river frontage.

The home on the site is a long way from being finished, but it is substantially in-progress. Images show essentially a shell of a home, windowless and wrapped largely in Tyvek, a synthetic construction material that helps keep moisture out. Interior photos that were not made available for publication show the huge gymnasium with glulam beams spanning the ceiling, exposed wooden rafters and beams in various rooms and sheet after sheet of plywood on the floors and walls.

Rather than list the home with a broker, Wattles said he decided to sell it through an auction in part to attract a wider, national audience. To do that, Wattles hired Platinum Luxury Auctions out of Miami.

Trayor Lesnock, president of Platinum Luxury Auctions, said he was admittedly a tad worried about what shape the home might be in before he saw it for himself.

“I was very surprised to see the condition of it,” he said. “I did not have high hopes just because anything that’s been sitting there in the Oregon weather for that long … But it actually looks like it was built in just the past few years.”

The auction is set for 7 p.m. Thursday, June 14. It may be held at the site, but Lesnock said that could change with the weather. It will be a live auction without a reserve, meaning there is no minimum bid and the highest offer will win. Prospective bidders have to put down a substantial financial commitment up front just to participate, though their money is refunded if they’re not the highest bidder.

As for price or what the property could command, Lesnock said that with such an “exotic” site with few comparable parcels for context, it’s almost anyone’s guess.

“If it’s a 5,000-square-foot home in a subdivision of other 5,000-square-foot homes, we can get a good idea,” he said. “In this case, we have almost no expectation that would have any degree of precision.”

Wattles said he has invested about $12 million into the property.

According to Clackamas County property records, the total market value of the property is about $6.6 million, but Lesnock said that number won’t mean much at this auction.

“I would say that’s relevant to the tax man and the tax man only,” he said.

Lesnock also noted that the home sits closer to the river than is now allowed under current zoning, which gives it another unique attribute, and the 5 acres of the property planted with blueberries qualify it for an agricultural tax abatement.

As he prepares to sell his once-dream property, Wattles said he has no regrets that it never came to be. He still spends about a third of his time in West Linn, divvying up the balance between Dallas, Texas and a house in Punta Mita, Mexico. His hard-charging business days have eased back a bit, but he’s still getting after it, most recently with a Dutch Bros-inspired coffee operation called 151 Coffee that should have five locations open in Texas and Colorado by year’s end.

“I’m so far past that,” he said about possible regrets over the riverfront estate. “I was in my early 30s when I bought that land. I’m still the same business guy who likes to grow things fast, but my dreams and aspirations are wildly different now.”

Click here for a look at Wattles’ soon-to-be-auctioned property, and here to view the original story.

Southern Utah’s 570-Acre Wine Bar Ranch Set for Luxury Auction® May 26th

Auction Offers Opportunity for Private Land Holding Amidst National Monument Lands

570-acre ranch in southern Utah that shares its borders with National Monument lands has been scheduled for sale via luxury auction® with Platinum Luxury Auctions. Although once asking nearly $14 million, the property will now be sold subject to a reserve price of only $4 million. The ranch owner retained the Miami-based auction house to conduct the non-distressed auction sale, which is scheduled for May 26th, 2018. Platinum is managing the auction process in cooperation with listing brokerage Summit Sotheby’s International Realty, represented by listing agent Kathy Mears.

The property, known as the Wine Bar Ranch, is owned by Shane Robison and his family. Robison is a venture capitalist and retired tech executive who has held various posts at some of the world’s most prominent technology companies, such as Apple, AT&T Labs and Hewlett Packard. He and his family developed the ranch over time by acquiring and improving a collection of farmland parcels in Boulder, Utah. The small and charming town is located about 250 miles south of the center of Salt Lake City.

While the ranch is currently home to a modest quarter horse and grass-fed Angus cattle operation, its truly distinguishing feature is the location, according to Trayor Lesnock, Platinum’s president and founder. “At the scenic lookout points along State Route 12, you can actually view the Wine Bar Ranch sitting amidst the protected National Monument lands, which contain 250 million years of geological history,” Lesnock stated. “While many sellers wish to think of their property as ‘truly unique,’ the ranch quite literally fits that description. It’s impossible to reproduce this asset.”

To be sure, the ranch abuts the Escalante Canyons (formerly part of the Grand Staircase-Escalante National Monument), which are part of more than 1 million acres of awe-inspiring, natural lands. The beauty of the area is famous, and when traveling through the Monument it’s not uncommon to see professional photographers capturing the multicolored landscapes. Even painters will set up their easels amongst the rocks, and spend the day quietly transplanting the surrounding scenery onto their canvas.

Amenities of the ranch are extensive, and include a spectacular, 70,000-sf indoor arena. “It’s likely one of the largest such facilities in the entire state,” noted Lesnock. The arena is complete with heating and lighting systems, allowing for year-round use. It also houses stalls for horses and cattle, a tack room, entertainment lounge, guest apartment, fitness center and bathrooms.

There is also an outdoor arena with stadium lighting, horse and cattle barns, multiple paddocks, three large hangars for hay storage, and various storage facilities for equipment of all sizes. Much of the work performed on the ranch can be accomplished without leaving the property, thanks to a sprawling workshop with office and bathroom, commercial-grade woodworking center, fuel storage facility, pump house and even a cement production plant.

Perhaps most importantly, the ranch enjoys an ample water supply. Water shares include five well permits from the state of Utah, four culinary water shares from Boulder Farmstead Water Company and irrigation shares from Boulder Irrigation and Water Development Company. These water shares ensure the smooth operation of the 260 acres of the ranch that are in production.

The ranch also enjoys grazing permits for its livestock, which include 180 Animal Unit Months (AUMs) in the Dixie National Forest and an additional permit from the Bureau of Land Management (BLM) for 20 cattle. These permits allow for the ranch’s cattle to graze off-site each year, conserving resources on the property.

Living accommodations at the Wine Bar Ranch are also ample, highlighted by the main residence of approx. 6,000 square feet. The tri-level ranch house includes 6 beds, 4 full and 2 half baths, in addition to a study, wine room and entertainment lounge. There are six additional living quarters located throughout the ranch for guests and staff, including a ranch manager’s home and a guesthouse that is adjacent to the main residence. Large concrete decks with power hookups can also accommodate several large recreational vehicles.

Previews of the ranch are being held daily and by appointment, until May 25th. The actual auction of the property will be held in Salt Lake City, for the convenience of the participating bidders. For information on property tours, bidder registration or other auction procedures, interested parties may visit UtahLuxuryAuction.com, or call Platinum’s project manager at 800.296.2605.

Tuscan-Inspired Estate in Wellington, Florida Approaches May 19th Auction Date

Platinum Luxury Auctions Offers Second Property YTD in World Famous Equestrian Market

On the heels of its successful sale on May 5th of the 14-acre horse property known as Kismayo Farm, Platinum Luxury Auctions is heading into its second Wellington property auction of the year. On May 19th, the Miami-based real estate auction firm will offer a luxurious estate located in the Wellington Preserve community at a live auction sale. The property was previously listed for approximately $8 million, but will now be sold subject to confirmation of the auction’s high bid by various creditors. Platinum is managing the sale in cooperation with listing brokerage Douglas Elliman Realty, which is represented by listing agent Maria Mendelsohn.

While Platinum’s auctions typically use more finite terms of sale – for example, placing a fixed reserve price that must be met or exceeded in order for the property to be sold – this auction follows a different format. According to Trayor Lesnock, Platinum’s president and founder, the terms are made to suit the situation surrounding the property.

“While the format of this sale is non-traditional for us, it’s the appropriate method of sale for the situation,” Lesnock stated. “Third party creditors will need to approve the high bid in order for the sale to be finalized. That said, it’s our understanding that the parties are motivated for the sale to occur, and some have provided us with written statements to this effect.” Mr. Lesnock added that while he cannot speak for any creditor, it’s typically the case in such situations that creditors would much rather deal with capital than a real estate asset, hence their interest in a successful sale. “I would certainly not be deterred if I were a bidder for this property,” he stated.

Located within the 610-acre equestrian community known as Wellington Preserve, the property sits on nearly 6.3 manicured and fenced acres, and features a large estate with an impressive outdoor living area and ample green space for the addition of equestrian amenities such as barns, paddocks or a riding arena.

The residence features a Tuscan-inspired design, and offers 6 bedrooms and 8.5 baths throughout approximately 7,500 sf of living space. Outdoor living areas account for an additional 5,000 sf.

Prominent features of the residence include a fully fenced perimeter with 3 electronic entry gates, paved arrival with porte cochère, chef’s kitchen, home theater, fitness center and luxurious master bath complete with freestanding soaking tub and walk-in shower. There is also a detached garage with a spacious loft for office or flex space – perfect for the modern “man cave.”

The property’s outdoor living areas could easily be confused with those of a luxury resort. Dominated by a large, custom pool with various lighting and water features, the space also includes a gazebo, multiple lounge areas, and a covered summer kitchen. Ample, mature palm tress and tidy landscaping add to the resort ambiance. Beyond the pool area is a vast expanse of manicured lawn, perfect for the addition of any number of equestrian facilities.

Final previews of the property will be held Thursday and Friday of this week, between the hours of 12pm and 4pm ET. Those individuals wishing to bid at the auction must register with Platinum by the 5pm ET Bidder Registration Deadline on Friday, May 18th. More information is available at FLLuxuryAuction.com, or by contacting a member of the Platinum team at 800.631.4885.

Auction Creates Highest Price in 3 Years Within Colorado Springs’ Black Forest Market

Miami-Based Platinum Luxury Auctions Credits Sale to Team Effort with Listing Brokers

Following the March 3rd luxury auction® of a Colorado Springsmansion, Platinum Luxury Auctions has announced that the sale has closed for a price that ranks at the highest residential sale in the city’s “Black Forest” region – a nearly 130-square-mile market area – within the past three years.

The luxury real estate auction firm, which was hired by the property owner for the non-distressed auction sale, stated that the gross sales price of $2.46 million not only grabbed the top spot in the Black Forest area, but also registered as the 4th highest residential sale Colorado’s El Paso County within the past year, and the 6th highest within the past two years. Platinum conducted the transaction in cooperation with LIV Sotheby’s International Realty and Action Team Realty, the property’s co-listing brokerages.

“I can’t say enough about the team effort that produced this sale,” stated Trayor Lesnock, Platinum’s president and founder. “From the cooperation of the seller to the hard work and extensive efforts by members of both the LIV Sotheby’s and Action Team Realty brokerages, it was a wonderful case study of how Platinum’s luxury auction process and the luxury brokerage industry can work hand-in-hand to create an exceptional result.”

The property sits on 45 acres in the Cathedral Pines community of Colorado Springs, and within just a 45-minute drive from the heart of downtown Denver. The upscale, residential development spans 810 acres in the Black Forest region, and includes 170 homesites featuring large estates situated on parcels of 2.5 acres or more.

While seven bidders registered for the no-reserve auction, Platinum reported that the sale was a result of a direct negotiation with one of those seven bidders, which occurred in lieu of a live auction sale. “Such direct negotiations are not an uncommon part of our process,” stated David Ashcroft, Platinum’s Director of Business Development. “In any given year, they account for 10-15% of gross sales.”

With three living levels, more than 13,000 square feet of living space, and a total of 6 bedrooms, 7 full and 3 half baths, the home is ideal for a large family. Features include an executive study/office, gourmet kitchen, and a large sunroom that opens to an oversized terrace. The lower level of the estate offers a home theater, billiards, wine storage, fitness center, and a “swim spa” indoor pool with a rock grotto design. And for the kids, there is also a custom-built, two-story tube slide that provides access from the main to the lower level.

Additional information on the sale is available at PlatinumLuxuryAuctions.com, or by contacting a member of the Platinum team at 800.262.5132.

Platinum Luxury Auctions Posts Flagler County’s 5th Highest Sale Within Past Year

Oceanfront Home in Flagler Beach, FL Sold via Live Auction on April 28th

Luxury real estate auction firm Platinum Luxury Auctions has announced the pending sale of a luxury beach house located in Flagler Beach, Florida, following a live auction sale that was held on the property site on April 28th. The sale was held without reserve, meaning the highest bidder of the auction became the new owner of the property, regardless of the bid price.

Although the actual sales price will not be released until the transaction closes – which is scheduled to occur within 30 days of the date of sale – Platinum noted that the sale will create the fifth-highest residential price in all of Flagler County within the past year. The property was last listed for $1.8 million prior to the initiation of the auction campaign.

“Per our analysts’ review of the Flagler County property records, the sale will in fact rank as the fifth-highest residential property sale to transact in the entire county within the most recent, 12-month period,” stated David Enriquez, Platinum’s Vice President of Operations. Mr. Enriquez also reported that 5 bidders registered for the auction, following nearly 40 buyer previews during the auction’s 5-week promotional campaign. The winning bidder was described by Mr. Enriquez as a physician from southwest Florida.

Built in 2008, the property offers direct views of the sparkling Atlantic Ocean walkout access to the cinnamon-hued sands of Flagler’s serene beaches. It features several oceanfront decks, which create ample opportunity to enjoy the gentle sea breezes. A private boardwalk (or “dunewalk”) extends from the main-level deck directly onto the beach.

There are 5 bedrooms, 6 full and 1 half baths in the 4,800-sf home. A private elevator serves each of the three living levels of the residence. The second floor contains a living room, kitchenette, and four bedroom suites, along with direct access to the private boardwalk, while the ground level houses a “bonus room” and a large recreation area.

Flagler Beach is a small, seaside town situated between Daytona Beach and St. Augustine on Florida’s northeast coast. The town is known for its peaceful beaches and relaxed lifestyle. Additional information is available at PlatinumLuxuryAuctions.com, or by contacting Platinum’s offices at 800.262.5132.