Platinum Luxury Auctions Announces June Auction of Oceanfront Penthouse

Firm sets auction date for condominium in glamorous Bal Harbour, Florida

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May 14, 2014, 02:55 ET

BAL HARBOUR, Fla., May 14, 2014 /PRNewswire/ -- Platinum Luxury Auctions has announced the auction of an alluring oceanfront penthouse located in the upscale Village of Bal Harbour in Miami-Dade County, Florida. The firm is presenting the property in cooperation with listing agents Eloy Carmenate and Mick Duchon of the Eloy Carmenate Group, a luxury sales team within ONE Sotheby's International Realty in Miami Beach, Florida. The penthouse, previously listed for $3.15 million, will now sell to the highest bidder at or above $1 million at a live auction to be held June 13, 2014.

"This sale marks the second oceanfront condominium listing that we've placed for auction with Platinum. After the exceptional results of our first auction in 2011, which set one of the highest price-per-square-foot values in its building, we're excited to see how the market responds to this opportunity in Bal Harbour," stated Mr. Duchon.

"The Bal Harbour condo market is very healthy right now," added Trayor Lesnock, Platinum's president and founder. "With more, newly planned ultra-luxury developments on the way, the already strong values of existing oceanfront inventory will be notched up even higher. It's a very small but elite marketplace."

The newly renovated, 15th floor penthouse at the New Harbour House condominium boasts floor-to-ceiling windows that provide captivating views of the Atlantic Ocean, set against a sleek, white interior palette. With 2,610 square feet of living space, 3 bedrooms and 2.5 baths, the residence is rather spacious in comparison to other similarly priced Bal Harbour oceanfront condominiums, which commonly fetch prices well in excess of $1,000 per-square-foot. The customized unit has modern appliances, Italian closet doors and oversized marble tiling throughout. The unit also includes two covered parking spaces.

The New Harbour House boasts amenities such as 24-hour concierge and security services, valet parking, cafe, gym and spa. Its oceanside, outdoor pool area includes a large deck, multiple cabanas and beach beds, and a summer kitchen/barbecue. The building, formerly known simply as "Harbour House," was completely renovated by vaunted luxury condominium developer The Related Group in 2006.

Located on the northern tip of Miami Beach and just a 15-minute drive from the heart of South Beach, the small community of Bal Harbour is the former home to Frank Sinatra and the Rat Pack, as well as Presidents Kennedy, Johnson and Nixon. Bal Harbour is now perhaps best known for its two most prominent features: its luxurious oceanfront properties and the world famous Bal Harbour Shops, the latter being the #1 performing luxury retail mall in the world. These two factors contribute significantly to the community's reputation as a destination for international jet setters and luxury retail enthusiasts.

Property previews will be held by appointment every Wednesday through Friday until the date of the auction. Interested parties can visit www.BalHarbourLuxuryAuction.com or contact a Platinum representative at 800-262-5132 for additional auction details.

About Platinum Luxury Auctions
Platinum Luxury Auctions is a market-leading auction firm specializing in the non-distressed sale of multimillion-dollar properties nationwide. The firm's principals have closed more than $340 million in luxury real estate auction sales, and have consulted on more than $1.25 billion in additional luxury properties. Learn more at PlatinumLuxuryAuctions.com.

SOURCE Platinum Luxury Auctions