February 20, 2010
Accelerated Marketing Partners today announced that it will hold a real estate auction for seven exceptional Upper Deer Valley Homes at the intimate and exclusive Lookout at Deer Valley, a 44-acre community of 35 home sites featuring 270-degree panoramic views of the Deer Valley(R) Resort and Park City ski runs. The event will be held on Sat., Mar. 27, 2010 at 5:00 p.m. MST at the Stein Eriksen Lodge, located at 7700 Stein Way in Park City. Henry Sigg, a co-developer of Lookout Partners, LLC, added, “From the beginning of the development of Lookout, we have been dedicated to the creation of the perfect home away from home. We have listened to our buyers and have developed grand vacation homes that offer the same discerning features they enjoy in their primary residences. In teaming with Accelerated Marketing Partners, we now look to the market to tell us what preeminent homes in Upper Deer Valley are worth, and we are ready to accept this determination.”
Five of the homes available at auction are ready for immediate occupancy, while two of them offer customized interior finishes and will be ready for delivery later this year. The luxury homes at Lookout blend massive timbers, native stone and weathered copper to create luxurious, rustic-style mountain homes. Interiors feature vaulted ceilings, wood-paneled doorways and oversized stone fireplaces. Gourmet kitchens boast custom cabinetry, granite counters and Wolf(R) and SubZero(R) appliances, while master baths are appointed with double-granite vanities, heated travertine stone flooring and oversized jetted spa tubs. Select homes feature private elevator access, and many also have oversized decks and garage space with ski-storage and ski/snowboard racks. Mud rooms provide storage and shelf-systems, and laundry rooms offer granite countertops and a laundry sink. Furniture packages are separate and available to buyers of these stunning new homes.
Upper Deer Valley is within close proximity to the charming town of Park City and is also within two minutes of the world-class Deer Valley(R) Resort, championship golf courses, fly fishing, hiking, and biking. It is also conveniently located near the Salt Lake City International and Heber Commuter airports.
For more information on the real estate auction for Lookout at Deer Valley(R), please visit www.auctionlookoutdeervalley.com or call 888.898.5883.
February 18, 2010
Stunning white water views and gentle Pacific breezes welcome you home to this exquisite Santa Barbara-style custom beach estate designed by renowned architect Jon Eric Christner. Its premiere location in California’s last and most exclusive beachfront community, The Strand at Headlands, provides panoramic vistas along the famed California Riviera coastline. Relaxed and filled with light, the interior magically fuses both new and reclaimed materials with a modern twist. Amenities include a spectacular master suite featuring a sitting room with fireplace and boutique-like walk in closet, large home theater, wine cellar, executive office, sauna and exercise room, morning room, formal dining, great room, game room, gourmet kitchen, outdoor fireplace, fire pit and BBQ area, salt water pool, spa and dramatic waterfall, and elevator service to all three levels. Entertain in grand fashion with spacious rooms opening onto terraces and dining loggias stunningly enhanced by Catalina sunsets. This is classic California coastal living at its best.
AUCTION! This home is being sold via an Online Auction. Opening bid is $7,500,000. Previous listing price is $12,995,000.
For property information, auction details and open house schedule visit http://www.fre.com/property.asp?propID=1442
February 18, 2010
Clemens, 38, and Adams, 40, cited several reasons for their decision to sell the circa 1920s mansion known as the Baker House after the Harrisburg attorney who built the L-shaped structure.
February 12, 2010
Francesca Levy, 02.11.10, Forbest.com
“Get Your Property SOLD!” shouts Grand Estates Auction Company, a luxury real estate Web site. It’s an exhortation that might appeal to the scads of middle-class homeowners on the brink of foreclosure.
But attention-grabbing fire-sale promises like this are also being directed to owners of multimillion-dollar homes, many of whom are faced with foreclosure or unaffordable carrying costs in the down market. In 2009 18,817 properties worth $1 million or more went into foreclosure–162% more than in 2008, according to data from RealtyTrac.
One example: the 11,500 square foot Aspen, Colo., chalet Grand Estates recently auctioned for $7.04 million. The price may sound high, but it’s a relative discount compared with the $14.5 million a nearby ranch half its size sold for in August 2008. That’s good news for buyers of these estates, who can bring costs down significantly by setting their own prices.
“There’s still a gap between what sellers are usually asking and what people are willing to bid,” says Ray Villani, managing director of New York-based Bid on the City, an auction Web site for homes of all price levels in the New York metro area, including some multimillion-dollar properties. “We find we get the most interest if properties are 35% off their original asking price.”
When homes go on the market with multimillion-dollar price tags, some don’t sell for several years, since there are only ever a handful of prospective buyers. But today pinched owners can’t endure–or afford–the wait.
Take the sprawling Minneapolis estate of Republican fundraiser and former Minnesota Vikings co-owner James Jundt. For three years it was on the market for $55 million, but was sold at auction in December for an undisclosed amount; some experts think it went for roughly half that. More recently an 8,800-square-foot vacation home in Kona, Hawaii, belonging to Cher, along with a 7,992-square-foot amenity-loaded villa on a golf course, a 5,851-square-foot retreat and two other luxury homes, all with views of the Pacific, were auctioned for a total of $19.4 million. The most high-profile property of the group, Cher’s mansion, hadn’t been on the market before the auction.
Why the owners of such super-high-end properties would subject their estates to a volatile auction process comes down to speed. These auctions compress what is usually a multi-year process into a few weeks.
February 4, 2010
The modern Balinese-style home has expansive views of the Pacific Ocean and is located in the Four SeasonsHualalai Resort on the North Kona Coast on the Big Island of Hawaii. Concierge Auctions handled the auction and the buyer is reportedly from Arizona.
Cher purchased the three-quarter acre lot in 2004 for $2,900,000 and then built the property last year which includes 8,821 sq ft of living space, including a main house surrounded by five individual free-standing bungalows – four with bedroom suites and the fifth with a media room and bar
February 2, 2010
Thomasville, Georgia – J. P. King Auction Company, the nation’s leading real estate auction company specializing in high-value properties, sold the historic Coalson Plantation in Thomasville, Ga., for $2.75 million on Thursday, Oct. 8, 2009.
The auction took place on site, which included live music and hors d’oeuvres. Bidders came from Georgia, Florida and Ohio. The winning bidder, from Florida, intends to use the property as a rehabilitation center.
“Today was a great sale. Through our proven national marketing program, we were able to produce a successful auction for our seller,” said Craig King, president & CEO of J. P. King Auction Company. “The Coalson Plantation has a wonderful historical past and the new owner has the opportunity to explore the various properties including the many modern amenities that come with it.”
The historic mansion is located on 37+/- acres and was originally constructed in the 1800’s. The property features all of the luxury amenities of an elite resort including a fitness center, pool house, Showboat Theater, six brick cottages, honeymoon suite, equestrian facility, tennis court, private gardens and a commercial kitchen. The plantation sold fully furnished including maintenance and workout equipment