Auction of Luxury Colorado Estate Near Aspen to Commence Live, On-Site and With No Minimum Bid on July 7

ASPEN, Colo., April 18, 2011 /PRNewswire/ -- Cedar Ridge, a 102.5-acre luxury ranch overlooking Mount Sopris located only thirty minutes from the Aspen airport, will sell at a live, on-site auction on July 7, Concierge Auctions has announced. Originally scheduled for April 19, the adjusted auction date is in response to buyer requests for additional time to conduct due diligence on the property and will also enable additional prospects to become involved.

Originally listed in its entirety for $8,950,000, Cedar Ridge will be auctioned in two parcels – an approximately 35-acre estate with an over 8,500-square-foot residence and an approximately 67-acre ranch with extensive equestrian facilities. There is no minimum bid required to participate. The sale is being conducted in cooperation with listing agent Rod Woelfle of Mason Morse Real Estate Company.

"Ranch properties as substantial as Cedar Ridge require a great deal of diligence, particularly when the buyer is entering an 'as-is' purchase contract, which will be the case with the buyers in this auction," stated Mike Russo, Vice President of Project Management for Concierge Auctions. "The auction efforts thus far have attracted strong interest, and the date adjustment will afford our currently-interested buyers and others ample time to gain the insight necessary to bid with full confidence on July 7."

Located at 3059 CR 103, Cedar Ridge offers stunning views throughout its 102.5 acres. The 8,573-square-foot main residence – a five bedroom, five and a half bathroom custom home – offers high-end design and finishes. The home was built with efficiency in mind for minimal maintenance and upkeep and features various smart home amenities and green technology.

Even the most enthusiastic equestrians will be pleased with the heated 14,000-square-foot indoor riding arena, 20-stall barn with two outdoor arenas and paddocks. The facilities are suited for all disciplines from ranch versatility to dressage to cross country jumping. In addition, Cedar Ridge offers one of the premier cross country courses in the Roaring Fork Valley, and the grassy meadows and densely covered hillsides are ideal for trail riding.

Located only 30 minutes from Aspen, Cedar Ridge residents will enjoy all of the amenities offered by the Aspen Valley. With the historic and multi-cultural town of Aspen as its epicenter, the Aspen Valley shines as one of the brightest stars in the resort world. The area offers the best of year-round outdoor activities and boasts more than 300 days of sunshine a year. Four world-class mountains - Aspen Mountain, Aspen Highlands, Buttermilk and Snowmass - each offer different attributes and combine to create the best skiing in Colorado. Warmer days lead adventurers to enjoy hiking, biking or horseback riding, fly fishing, rafting and kayaking in the Gold Metal waters of the local rivers. The Aspen Valley also has extensive arts programs, world-class shopping, luxurious spas and cosmopolitan nightlife.

The live, on-site auction of Cedar Ridge will commence on July 7. There is no minimum bid required to participate. See Auction Terms and Conditions for full details. Bidders will be able to participate in person or proxy via telephone or Internet. A 3% commission is offered to the buyer's broker. The property will be open for preview daily by appointment. For more details visit CedarRidgeAuction.com or call 877-472-3686.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide.  A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame.  Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum.  As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii.  The company's database includes more than 10,000 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