Fisher Island Condo Listed For $23.9 Million Heads To Auction

The property on one of Florida’s most exclusive private islands has no reserve

A Fisher Island, Florida, property on the market for $23.9 million is now heading to auction without reserve.

This ground-floor condo, which was built in 1992 and is being auctioned by Platinum Luxury Auctions, has five bedrooms and five bathrooms. Nearly every room has a water view, according to the property listing.

“There are few properties in Miami where you can see the open ocean and watch the sunset without any buildings or obstructions in the view,” said Trayor Lesnock, founder of Platinum Luxury Auctions.

Read the full article by Lyllah Ledesma on Mansion Global HERE.

Home on Florida’s Fisher Island set for no-reserve auction

Fisher Island is home to richest ZIP code in U.S.

condo on the island that’s home to America’s wealthiest ZIP code is up heading to the auction block with no reserve.

The home was last listed for $23.9 million. Now it’s a rare opportunity to join the exclusive posh community on Florida’s Fisher Island for a potential bargain price.

The 8,242-square-foot furnished home includes five bedrooms, five bathrooms and one half-bath, plus another 4,221 square feet of outdoor space, according to the listing with Platinum Luxury Auctions. It was originally built in 1992 but was fully renovated this year with fresh, modern finishes and fixtures throughout.

Read the full article on Fox Business HERE.

Social Distancing Has Become Second Nature for Remote-Home Owners. “It’s The Biggest Luxury.”

Larry Claunch bought this 32-acre island in Fiji because he wanted a place that was secluded for his retirement home.

When he found a private island for sale in Fiji, “it just took my breath away,” said Mr. Claunch, a retired real-estate developer. He bought the roughly 32-acre island for about $1.5 million.

It took him a year to remodel the one-bedroom wooden bungalow on the island, transporting the lumber by boat. He now has a fast boat that can reach the town of Labasa in 1.5 hours, but when he first bought the island, “it was a two- or three-day thing to get groceries,” he said. So he’d supplement his diet with the fruit that grew wild on his property. “I lived many days on coconut and pineapple,” he recalled.

Single at the time, Mr. Claunch divided his time between Oregon and Fiji, spending months at a time on the island. He once lived there for an entire year. “It was very peaceful,” he said. “I never got lonely,” he said, in part because he employs caretakers, two couples who live full-time on the island in their own quarters.

As Fiji became more developed, his island has come to feel less remote. More roads have been built to the villages so getting groceries is easier. And about six years ago, cell service came to his little piece of paradise. Before that, he recalls typing emails on his BlackBerry, then hopping into his seaplane to fly high enough to send them.

Mr. Claunch planned to make the island his primary home, but that changed a few years ago when he fell in love and got married. Now that he and his wife have a 2-year-old daughter, they have decided to sell the island and relocate to Europe to be closer to his wife’s family.

Previously on the market for $4.2 million, the island is slated to be sold at auction by Platinum Luxury Auctions. Originally scheduled for May, the auction has been delayed by the pandemic and will likely take place in June, a spokesman for Platinum said.

Read the full article by Candace Taylor of the Wall Street Journal HERE.

28 Entrepreneurs Explain How They Came Up With Their Business Names

The naming of a business is one of the most important parts of becoming a CEO – having a brand behind a strong title can make all the difference in the world. Choosing a name can be a long and difficult process, and when we were asked how we came to be called Platinum Luxury Auctions we were happy to share!

Find out how Trayor Lesnock, Platinum’s president and founder, named our company by reading the interviews at the CEO BlogNation site HERE.

Multimillonario tecnológico subastará su mansión en Coral Gables el día de San Valentín

Tras dos años en el mercado, Medina la pondrá en subasta sin precio de reserva.

El multimillonario de tecnología Manuel “Manny” Medina salió de su lujosa mansión en Coral Gables por la que pagó $7 millones en 2013 para vivir en Miami, sin embargo, no ha tenido suerte en venderla, por lo que la pondrá en subasta en pleno día de San Valentín sin un precio de reserva, lo que significa que no hay un precio mínimo de licitación por ella.

Lo que hace extraordinaria a esta propiedad de 14,329 pies cuadrados de seis habitaciones y seis baños, no es su piscina climatizada, su spa con sombra de pérgola, área de parrillada ni su garaje para cinco autos, sino su muelle propio de 100 pies de largo por el que se accede por medio del canal característico de la zona que permiten que las residencias del Gables Estates Club salgan a disfrutar del oceáno Atlántico.

Lea el artículo completo en AQUÍ.

Luxe Miami Community welcomes Auctions House for Real Estate Sales

How many neighborhoods consistently see home sales in excess of $10 million? How many have posted transactions of $44 million and up in the past few years? Not many! For the ultra-rich, some communities stand out, and the internationally known Gables Estates community in Miami, Florida is one of them.

These sky-high prices mean luxurious estate homes are the norm. The 192 homes in the private and gated community are sited on 200 acres on the glistening Biscayne Bay, just 30 minutes from the heart of Miami. Almost all of the parcels have substantial water frontage and unrestricted access to both the Bay and the Atlantic Ocean beyond. Due to its proximity to Miami International Airport, the location also provides a perfect base for international travel, especially to Central and South America.

Is Luxury Priceless?

Buying a home in the Gables Estates requires a deep pocketbook, but a recent trend in luxury real estate purchasing is taking hold in exclusive communities: luxury real estate auctions are becoming an increasingly popular way for well-heeled sellers to divest of their unique and distinguished assets in a date-certain manner. Properties priced in excess of $10 million can languish on the market for years before a qualified buyer emerges, and the sit-around-and-wait approach is the antithesis of luxury living.

A New Approach To Luxury Real Estate Sales

So, wealthy sellers turn to luxury auction houses such as Miami-based Platinum Luxury Auctions (who actually own the rights to the term luxury auction®!) to market their homes internationally and sell them – all in six weeks or less. Auctions can seem complicated, but in reality they’re a much simpler, more transparent way to buy luxury real estate – and auction sales (since they are “as-is, where-is” transactions) break down far less than normal real estate negotiations.

Read the full article on The Luxe Insider HERE.

A tech entrepreneur has been trying to offload his Florida mansion for 2 years — and now he’s auctioning it off.

A Florida tech entrepreneur is putting his waterfront Coral Gables mansion up for auction after almost two years trying to sell it, Yahoo Finance reported.

It will have no reserve price, or minimum bid, according to Platinum Luxury Auctions, the firm that’s putting on the auction. The tri-level home spans 15,000 square feet and comes with a sauna, pool, and 100-foot boat dock.

The owner, Manuel Medina, sold his Terremark data services company to Verizon in 2011 for $1.4 billion, according to The Real Deal. He also founded private equity firm Medina Capital, as well as cyber security firm Cyxtera. Florida media refers to Medina as a billionaire, but Business Insider could not independently confirm his net worth.

The live auction will take place on February 14 and the sale is expected to close 30 days later.


Read the full article by Katie Warren at Business Insider HERE.