"Crown Jewel" Overlooking Picturesque Lake Travis Near Austin, Texas To Sell At Auction

AUSTIN, Texas, May 11, 2012 /PRNewswire/ -- Following its successful sale of Champ d'Or, a 48,000-square-foot mansion located just outside of Dallas, last month, Concierge Auctions will continue its impact on the Texas luxury real estate market with the June 15th auction of a Mediterranean-style family estate known as the "Crown Jewel" of Volente, named for the village in which it exists. Originally listed for $4.5 million, the new owner will enjoy a 7,400-square-foot main residence with unlimited luxury finishes and exquisite amenities (including a recent $5 million building/investment cost) and an additional 2,000 square feet of exterior living — all perched atop a hill on 1.79 acres boasting panoramic views of both Lake Travis and the Texas Hill Country. The sale of 8319 Lime Creek Road, which will sell to the highest bidder, is being conducted in cooperation with Margaret Parma of Capital City Sotheby's International Realty.

"This small, lakeside community has an immaculate landscape. It's fortunate enough to be bordered by spectacular Lake Travis on one side and the lush Balcones Canyonlands Preserve on the other. It's a private, luxurious village whose residents are committed to preserving the natural, rural and residential environment that makes living here so unique," Parma stated. "Additionally, parents and children benefit from being in close proximity to Grandview Hills Elementary and Vandegriff High School – both International Baccalaureate Schools, also known as IB World Schools, which share a mission and commitment to a quality international education. Volente is a special part of Austin, and this property literally is its 'Crown Jewel.' We look forward to finding a lucky new owner on auction day."

8319 Lime Creek Road, located just 30 minutes from downtown Austin, is a five-bedroom estate with gated entry, gardens, cathedral ceilings and top-of-the-line finishes. In addition to its five full and three half bathrooms, there are also multiple fireplaces, a library, a theatre, an in-home fitness center and a wine cellar. Outdoors, the new owners will enjoy an open-sided extension to the grounds with a kitchen, an infinity-edge pool, a spa, a sport court and a four-car garage.

"This is a rare opportunity to purchase a spectacular estate, with water views that will take your breath away, that is both extremely private, yet close to all fantastic amenities Austin is known for, including its thriving music, food and arts scene," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Following our first successful sale in Texas last month of Champ d'Or located just outside of Dallas, and our upcoming auction of a historic estate in San Antonio on May 31st, we're excited to present our third offering in Texas, where our platform is clearly catching on."

Austin, the capital of Texas, is its fourth-largest city. Austin was selected as the No. 2 Best Big City in "Best Places to Live" by Money magazine in 2006, and No. 3 in 2009. It has also been named the "Greenest City in America" by MSN. According to Travel & Leisure magazine, Austin ranks No. 1 on the list of cities with the best people, referring to the personalities and attributes of the citizens. "Keep Austin Weird" has become a local motto in recent years, featured on bumper stickers and T-shirts to promote Austin's eccentricity and diversity and bolster support of local independent businesses. Its official slogan is "The Live Music Capital of the World," as the city has a vibrant live music scene with more music venues per capita than any other U.S. city. Austin's is served by the Austin-Bergstrom International Airport, located five miles southeast of the city. Volente is located on the north shore of Lake Travis about 30 miles from downtown.

The auction of the "Crown Jewel" of Volente will be conducted on June 15th. A 3% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property will be open for preview daily between 12 and 3 pm by RSVP. To do so, and for more information, call 877-217-2001 or visit AustinLuxuryAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction marketing 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 ConciergeAuctions.com.

SOURCE Concierge Auctions