Concierge Auctions to Sell a Remarkable Secluded Estate in New Canaan, Connecticut With a Sports and Entertainment Facility at a Live, Absolute Auction on October 20th

NEW CANAAN, Conn., Sept. 14, 2011 /PRNewswire/ -- A secluded, tranquil estate with a newly-built "Fieldhouse" located on nearly 6.5 landscaped acres known as The Laurel Road Estate, just one hour from New York City, will sell during a live, on-site auction on October 20th, Concierge Auctions has announced. Originally listed for $12.5 million, the property will sell absolute, meaning it will sell to the highest bidder regardless of price. The sale is being conducted in cooperation with listing agent Darlene Letersky of Coldwell Banker Residential Brokerage.

"The owner's decision to sell absolute creates a tremendous opportunity for prospective buyers to own one of Fairfield County's most premier estates," Letersky stated. "This is an unbelievable property with unrivaled amenities in one of the Northeast's most exclusive neighborhoods, and we are excited to work with Concierge to identify its new owner on Auction Day."

360-364 Laurel Road includes a Williamsburg Colonial-style residence that has been fully renovated to deliver the architecture and presence of a refined country house. The classic 16-room home has unsurpassed detailing and amenities. The grand stone entryway opens to a formal living room with fireplace, elegant dining room, a gourmet kitchen appointed in French antique limestone, and adjacent family room. A paneled library and game room are tastefully done. Seven bedrooms en suite include a first floor master wing with fireplace, his and hers baths and private office. Several rooms spill onto patios and terraces, and oversized windows frame inspiring panoramic views of the countryside.

The grounds include a freeform pool, spa, cabana, waterfall and multiple stone terraces. Additionally, the estate offers a newly built 14-room "Fieldhouse" – a $7 million sports and entertainment retreat. Amenities of the Fieldhouse include a professional cinema for up to 30 viewers and a Full Swing Golf electronic indoor golf course with over 50 courses from around the world. A game room features a wraparound bar for refreshments, a bowling alley, and an indoor basketball court that can transition into a personal indoor auditorium. This one-of-a-kind, 10,000-square-foot masterwork also includes a full kitchen, three bedrooms, baths, an elevator to all floors, and grand living and dining spaces that will enhance any event, gathering or party. A separate cottage guesthouse can accommodate a myriad of flexible living arrangements and is comprised of a kitchen, family room, bedroom and bathroom. The compound is affectionately named "The Gathering Place".

"The Laurel Road Estate is a sports and entertainment playground for children and adults alike. It is a true, private compound – a rare delight to have such seclusion while a mere hour from Manhattan," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Following our recent sale of the Cove House in nearby Darien, we look forward to continued success in Fairfield County with this auction."

New Canaan is located in Fairfield County, Connecticut. It is approximately eight miles northeast of the Stamford town center and one hour from New York City, both easily accessible by car or train.  The town is one of the most affluent communities in the United States, with a population just over 19,000.  In 2008, CNN Money ranked New Canaan first in the nation with the highest median family income. The charming downtown is a quintessential New England setting.  There are over one hundred shops, many small local boutiques that have been here for years, as well as the quaint movie theater, right in the heart of town.  The pride of New Canaan is its public school system that offers academic courses and athletic programs geared to the individual student's needs and abilities. The school system has gained national recognition for its high performance, and graduates of New Canaan High School attend top universities throughout the US.

The auction of 360-364 Laurel Road will be conducted "live" on October 20th. Bidders can participate in person or proxy via the telephone or Internet. See Auction Terms and Conditions for full details. The property will be available for preview daily from 1 to 4 pm and by appointment. For more information call 800-436-0972 or visit LaurelRoadAuction.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 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