Concierge Auctions to Sell Adirondack Inn and Resort During a 'Live' Auction Without Reserve on March 15

NEW YORK, Feb. 15, 2011 /PRNewswire/ -- In the heart of the picturesque Adirondack Mountains, the Garnet Hill Lodge, a Four Season Inn and Resort, will sell during a live auction on March 15, Concierge Auctions has announced. Originally listed for $2,500,000, the property, located at 39 Garnet Hill Road in North River, New York, will sell to the highest bidder regardless of price. The sale is being conducted in cooperation with listing agent Shane Newell of Select Sotheby's International Realty.

"Garnet Hill is a hidden gem - tucked away in the unspoiled wilderness in one of the least populated counties in the nation," Newell stated. "But make no mistake, these are the most realistic, determined sellers in upstate New York. Buyers searching for an operating mountain resort business or for a corporate or family retreat should not miss this opportunity."

"The Concierge Auctions platform is a great resource for sellers who want to achieve the highest price for their property within a set period of time," stated John Burke, President and CEO of Select Sotheby's International Realty. "After two recent auction sales together in Lake George, we appreciate our ongoing partnership with the Concierge Auctions team and look forward to continued success as we find the new owner of Garnet Hill."

Garnet Hill offers a majestic view of the pristine Thirteenth Lake with nearly 16,000 square feet of functional space on 268 acres of nature's playground, including a main lodge and two additional cabins. The large gathering room in the main lodge includes a reception desk and dining room with plenty of seating and natural light. Two additional lounges, a TV room and a four-season dining porch offer more private conversation areas. A grand stone fireplace demands attention in the lounge area, the social epicenter for overnight guests lodging in any of the 16 charming upstairs suites, nine of which have a balcony and unobstructed southern views of the mountainous panorama and the private lakefront beach. While the current owners operate a top-notch ski center from the lodge, it has great potential as a bed-and-breakfast or a private family estate.

Two additional cabins - Birches and the Tea House - offer larger parties an intimate experience. The Birches, with its five suites and large gathering room with full kitchen and dining tables, is ideal for a home away from home experience. Sliding glass doors open from the great room onto a deck with grill access. The Tea House, a smaller sister cabin, contains four guest bedrooms with convenient en-suite bathrooms, each featuring Jacuzzi bathtubs for a soothing spa-like experience. Both are just a short ski or hike from the main lodge.

"Garnet Hill is an ideal property for our auction process. It is a one-of-a-kind asset, which can be enjoyed either personally or as a business investment," stated George Graham, CEO of Concierge Auctions. "The challenge is that because it is so unique, it's difficult to gauge its market value. The sellers understand this dynamic, and in order to achieve their goals they are willing to allow the prospective buyers to name the price."

The tiny hamlet of North River is home to about 225 people and the old Hooper Mine, a popular tourist site sure to stir the treasure hunter in anyone. Breathtaking views from any vantage point in North River are the true show-stoppers. North River sits tucked at the base of Gore Mountain, among the state's tallest peaks at 3,580 feet. Flanked by South Mountain and Height of Land Mountain, the Adirondack peaks provide a dramatic backdrop. The Gore Mountain Ski Resort, just minutes from Garnet Hill, boasts top-notch amenities and access to the great peak. Gondola rides to its summit are a must-do for residents who want to fully appreciate the mix of colors that North River and the Adirondacks have to offer. North River is a short distance from a number of day trips, including the nearby lakes George and Placid.

The property will be available for preview daily from 1 to 4 pm through March 14. Bidders will be able to participate in the March 15 auction in person or via phone or Internet. A 2.5% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. For more information call 877-214-3785 or visit GarnetHillAuction.com.

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 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 ConciergeAuctions.com.

SOURCE Concierge Auctions