Luxury Condominium Auction Creates Unprecedented Purchase Opportunity in Sunny Isles Beach, Florida

MIAMI, Jan. 6, 2011 /PRNewswire/ -- Platinum Luxury Auctions is pleased to announce the upcoming auction of an ultra-luxury condominium in Sunny Isles Beach, Florida. On Saturday, February 12th, 2011 at 2:00pm (EST) the property will be offered to the highest bidder at or above $3.3 million. It was previously offered for over $5.4 million. Beginning January 15th, 2011 the property is open to the general public for previews. The condominium is offered in cooperation with ONE Sotheby's International Realty.

The property will be sold furnished, with a comprehensive audio/visual equipment package included. The seller will also separately offer a 12-piece collection of artwork through private treaty sale.  Auction details may be found at www.sunnyislesauction.com.

Situated directly on the sand of Sunny Isles Beach in Southeast Florida, just north of the heart of Miami Beach, this 38th floor condominium is part of the collection of private units at the glamorous Acqualina Ocean Residences & Resort located at 17885 Collins Avenue. The unit offers unobstructed panoramic views of the Atlantic Ocean to the east and of the Intracoastal Waterway and city skyline to the west.

In creating this unique residence, the sellers worked with the developer to construct one large condominium from what were originally two units. Even the most selective buyer will appreciate the results: many exotic stones, woods and marbles are found throughout the 4,400 square feet of this 3 bed, 2.5 bath residence. In addition to its decorative elegance, the unit also boasts advanced technology features, such as a Crestron system for control of audio/video/lighting/temperature functions, remote controlled window treatments, and hidden security safes.

Despite their considerable investment in the property, the sellers are ready for someone else to enjoy it as much as they did, even if it's for a much lower price. "We understand that luxury buyers are looking for unbelievable purchase opportunities, and we're confident they will see this as one of those opportunities," said unit owner Susan Russell.

Trayor Lesnock, President of Platinum, agrees. "These are intelligent sellers who understand that today's luxury buyer wants an exceptional deal." Lesnock believes that the property - and its accompanying lifestyle – is well worth the price. "This is a very select opportunity in Sunny Isles Beach. This area is an economically thriving marketplace that still commands lofty property prices. The purchase opportunity for this unit represents a considerable discount to those prices."

To be sure, Sunny Isles Beach is known as an international destination for wealthy individuals from Europe, the U.S., South America and many other countries. On any given day, rare and exotic sports cars are abundant in the valet lots of the Acqualina and surrounding buildings, a sure sign of the "jet-setting" crowd.

Private residence owners at the Acqualina are also afforded the building's many amenities, such as 24-hour security, 24-hour valet parking, 2 restaurants, 3 pools, room service, housekeeping, a 20,000 square foot oceanfront spa, and the Il Mulino New York restaurant.  For more information on this auction, contact Platinum at 1.800.262.5132, [email protected], or visit www.sunnyislesauction.com.

About Platinum: Platinum Luxury Auctions is the only real estate auction company founded exclusively on luxury, non-distressed real estate auction experience. The firm's principals have closed more than $200 million in luxury real estate auction sales prior to founding Platinum, and have vetted hundreds of millions of dollars in additional auction properties. Platinum also has luxury yacht and aircraft divisions. The firm typically offers luxury properties and assets in excess of $1 million. For more information, contact Platinum at 1.800.262.5132 or [email protected]. www.platinumluxuryauctions.com.

SOURCE Platinum Luxury Auctions