Concierge Auctions to Sell Spectacular Martha's Vineyard Residence at Live Auction on October 14th

MARTHA'S VINEYARD, Mass., Sept. 20, 2011 /PRNewswire/ -- Concierge Auctions is pleased to announce that a bid of $1.275 million has been received in the auction of a luxury Aquinnah home located at 9 Clay Pit Road. Originally listed for $3.25 million, the bid has met the reserve, and the property is now scheduled to sell at a live auction to the highest bidder on October 14th. The sale is being conducted in cooperation with listing agent Julie Flanders of Flanders Up-Island Real Estate.

"We are excited that the reserve for 9 Clay Pit Road has been met, but at nearly $2 million below the original asking price, this remains an amazing opportunity," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "If a bid higher than $1.275 million is not received during the auction on October 14th, then the current bidder will be the buyer. Anyone interested in owning this exclusive estate above that price should become involved."

9 Clay Pit Road is a four-bedroom, three and one-half bath estate comprised of more than 3,000 square feet. It contains two master suites, upstairs and downstairs living rooms, a den that can double as an office and a spacious, screened-in porch. The large, open living room upstairs contains a brick fireplace, in addition to the dining area and kitchen, which all access the expansive deck with stunning views of the Vineyard Sound. Bright blue skies and the crystal clear waters of the Sound can be appreciated through any season. The property is located within walking distance to both the popular North Shore and Red Beaches via a private road.

Known for its beautiful clay cliffs and quiet natural serenity, Aquinnah is a secluded town on Martha's Vineyard known for its beauty, privacy, charming restaurants and cultural activities. Martha's Vineyard, an island of 100 square miles off the south of Cape Cod in New England, is known for being an affluent summer colony and is accessible only by boat and by air.

The live, on-site auction of 9 Clay Pit Road will take place on October 14th. Phone and Internet bidding is available. The property will be open for preview Saturdays and Sundays from 1-4pm and daily by appointment. A 2% commission is offered to the buyer's broker. For more information call 866-605-7280 or visit MarthasVineyardAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions

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