Concierge Auctions to Conduct Absolute Auction of a Historic Martha's Vineyard Estate Live on December 3rd

MARTHA'S VINEYARD, Mass., Nov. 9, 2011 /PRNewswire/ -- A historic Edgartown estate built in 1924, located within walking distance to shops and restaurants with direct frontage on the Inner Harbor, will sell at a live, absolute auction on December 3rd, Concierge Auctions has announced. Handled in cooperation with listing agent Gerret Conover of LandVest, a Christie's International Real Estate affiliate, the property at 31 S. Water Street will sell to the highest bidder regardless of price. It was originally listed for $9.35 million.

Cared for since 1928 by generations of the same family, 31 S. Water Street is a historic residence offering six bedrooms, five baths and four levels of direct harbor views across an expansive lawn, complete with an in-ground swimming pool. Located in the heart of Edgartown's historic district, mere steps from the Village, the property displays the quintessential Martha's Vineyard historic architecture of wood shingle siding and crisp, white trim.

"We generated a great deal of interest from the silent auction, and are now ready to take things to the next level, offering this gorgeous luxury estate to the highest bidder," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The property will be open daily from 1-4pm between now and the auction. Potential buyers who are interested should get involved now in preparation for the December 3rd auction, which will be held live, on-site, at the estate."

The auction of 31 S. Water Street will be conducted "live" on December 3rd. A 2.5% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property will be available for preview on daily between 1-4pm and by appointment. For more information call 800-211-1785 or visit EdgartownAuction.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 www.ConciergeAuctions.com

SOURCE Concierge Auctions