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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Seller Lists Four Luxury Homes For Auction in a Single Week

This is one way to unload a few homes quite quickly.

Robert Knutson, the now-retired CEO of the Education Management Corporation—one of the largest for-profit operators of secondary schools and colleges in the U.S.—and his wife Miryam (also a former executive at EDMC) spent their early retirement years buying properties in nearly every climate in the lower 48 and now that they have put down roots in Beverly Hills (as next door neighbors to billionaire Steven Udvar-Hazy, No. 572 on Forbes Billionaires List) they have decided to sell four of their homes at auction rather than wait for each one to sell individually.

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A Grand Waterfront Retreat on Auction Block

A waterfront retreat on Little Gasparilla Pass in Boca Grande – once offered for $13.5 million, currently listed for $10.9 million – will hit the luxury auction block January 10, 2019, without a reserve. Top bid wins the property.

Risky business, auctioning off multimillion-dollar homes, as one last year illustrates.

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