Concierge Auctions Announces That Bidding Is Closed And A Sale Is Pending For The 118-Acre Riva Ridge Preserve, Marking The Firm's 13th Success In Jackson Hole, Wyoming

JACKSON, Wyo., Sept. 16, 2013 /PRNewswire/ -- New York-based Concierge Auctions is pleased to announce the pending sale of the Riva Ridge Preserve – an extraordinary, 118-acre estate poised 800-feet above the valley floor. The perfect locale for the coveted Teton lifestyle, the property is immersed in the beauty and wildlife of the mountains, while only 15 minutes from the Jackson Hole Airport, the town of Jackson, Teton Village and the world-renowned Jackson Hole Mountain Resort. The estate went under contract to the highest bidder in cooperation with Julie Faupel of Jackson Hole Real Estate Associates, an exclusive affiliate of Christie's International Real Estate. The buyer was represented by Ian Osler of Jackson Hole Sotheby's International Realty.

"It's been a distinct pleasure to partner with Concierge Auctions again on another successful transaction in Jackson Hole," stated Faupel. "As some of the top producing brokers in the Teton Region, we feel total confidence in the marketing services that Concierge provides. Through our joint efforts, we brought the market to this incredible and unique property and produced the most optimum result possible for our seller."

Concierge Auctions' global marketing campaign generated over 40,000 website visits from 48 U.S. states (led by Texas, Wyoming, New York and California) and 49 international countries (led Canada, the UK, Australia and Brazil). A total of 607 prospects were identified and 11 bidders participated in the sale.

At the top of Riva Ridge, enclosed by a rustic log gate, the property is perfectly landscaped with aspen groves, ponds, creeks, and waterfalls, and set against a majestic mountain horizon. Among the estate's many attributes are a 13,721-square-foot, five-bedroom, nine-bath main house that evokes the feel of a national park lodge; a one bedroom, one bath annex perfect for a caretaker or guest apartment; and a 3,850-square-foot, four-bedroom guest house.

Jackson Hole is a 48-mile-long valley surrounded by the Teton Mountains to the west and the Gros Ventre Mountains to the east. Yellowstone National Park is located less than 90 miles to the north. Within the valley sits 310,000 protected acres in Grand Teton National Park, as well as winding rivers, glacial lakes and ample wildlife from the pronghorn antelope to the grizzly bear. Teton County encompasses 97-percent of protected land for generations to come.

"Today's auction, of arguably one of the most spectacular estates in the country, was thrilling," stated Laura Brady, President of Concierge Auctions. "Eleven highly-qualified bidders participated, including CEOs, business owners and entrepreneurs from seven different states — Nevada, Florida, Missouri, New York, Wyoming, Nebraska and California. As our 13^th successful auction in Jackson Hole, and in keeping with a number of notable and record sales we have produced in the Rocky Mountain region, this transaction leaves no doubt to the power of our platform."

Concierge Auctions has upcoming luxury property auctions scheduled in Kingsport, TN, Dallas, TX, Comfort, TX, Wakaya Island, Fiji, Jefferson, CO and many more across the nation are already planned for the fall and winter. If you or someone you know is interested in buying or selling a remarkable luxury property through Concierge Auctions, call 888.966.4759 or visit ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $400 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions