Concierge Auctions Receives Starting Bid for the Auction of Two Premier Delaware Bayshore Estates

MILTON, Del., July 21, 2011 /PRNewswire/ -- Concierge Auctions announces the receipt of a starting auction bid of $1.5 million for the sale of Island and Sanctuary Farms, two permanently protected farms located on the Broadkill River in the Delaware Bayshore Region. Selling without reserve to the highest bidder, the properties are offered in cooperation with brokers Dustin Oldfather of Ocean Atlantic Sotheby's International Realty and Laird Bunch of Brandywine Fine Properties Sotheby's International Realty and were originally listed with another brokerage firm for $13.4 million. Bidding is currently underway at IslandSanctuaryAuction.com and will end with a live, on-site auction on August 23rd.

The two farms encompass more than 513 picturesque acres and share almost 4,000 feet of common boundary with the 10,000-acre Prime Hook National Wildlife Refuge. The site sits in close proximity to extensive amenities including numerous museums and galleries and dining in Lewes and Rehoboth Beach. Island and Sanctuary Farms are two of the rarest conservation ownership opportunities in the Delaware Bayshore Region. Each boasts remarkable and diverse wildlife, hunting, fishing, bird watching and equestrian opportunities with woodlands, streams, wetlands and open farm fields. A conservation easement recorded on the property enables many open space uses on the farms, including generating revenue from farming and hunt club leases.

Buyers can place bids now at IslandSanctuaryAuction.com until the live auction on August 23rd, during which bidders will be able to participate in person or proxy via telephone or online. A 2% commission is offered to the buyer's representing broker. The property will be available for preview daily by appointment. For more information call 877-463-5280.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high net worth sellers nationwide. Through an accelerated marketing process Concierge has a track record of obtaining fair market value in as little as a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® 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 cooperating agents from all 50 states and 38 countries. 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