Luxury Riverfront Estate in Jacksonville, Florida to Sell at Auction by Concierge Auctions and Manormor Sotheby's International Realty

JACKSONVILLE, Fla., Oct. 6, 2011 /PRNewswire/ -- A riverfront estate located on approximately three gated acres boasting nearly 230 feet along the American Heritage St. Johns River, Florida's longest river, will sell at auction, Concierge Auctions has announced. Bidding will be held October 29th-November 4th at JacksonvilleLuxuryAuction.com. Originally listed for $8.5 million, the starting bid is $2.495 million, and the Buy-it-Now price is $3.75 million. The sale is being conducted in cooperation with listing agents Beverly Brandenburger and Gayle Washnock of Manormor Sotheby's International Realty.

"We have watched many successful auctions executed by Concierge and other Sotheby's International Realty affiliates nationwide, proving that the auction process is a valuable tool for luxury property owners who are seeking a time-certain sale," Brandenburger stated. "This property is one of the most desirable residences the Jacksonville riverfront market has to offer, and our clients are committed to finding a new owner. This auction is a tremendous opportunity, and we urge any interested buyers or agents to schedule a private showing. We will be conducting showings by appointment every day until the auction."

The elegant residence at 8652 Cathedral Oaks Place, West offers five en-suite bedrooms including a 1,200-square-foot master suite. The sunken formal living room with hardwood floors is graced with an antique mantle over the marble fireplace. Adjoining the living room is a handcrafted bar area with custom leaded glass. The spacious gourmet kitchen is an anchor of the ground floor and incorporates every latest luxury. There is also a library, billiards room, game/exercise room over a 3-car garage, in-ground swimming pool, expansive lawn and 486-foot dock with a covered boat lift.

"This timeless estate is located in close proximity to the best that Jacksonville has to offer," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The vast, gated lawn, riverfront views and boat dock are just a few of the many amenities that enable the utmost in luxury riverfront living. We are excited to be back in Florida alongside Manormor Sotheby's International Realty and look forward to naming the buyer on November 4."

Jacksonville is the largest city in the state of Florida in terms of both population and land area. Situated along the shores of the Atlantic Ocean, Jacksonville is home to three U.S. Navy bases, many major corporations, a Professional Golf Association tournament, the Jacksonville Jaguars National Football League team and three minor league sports teams. Its 1 million-plus residents enjoy a temperate climate, year-round leisure activities and miles of clean, sparkling beaches. Jacksonville attracts many visitors for surfing, swimming, windsurfing, fishing and waterskiing. It is located just two and a half hours away from Orlando, home of the Disney theme parks, Universal Studios and Sea World.

Bids for 8652 Cathedral Oaks Place, West, will be accepted October 29th-November 4th at JacksonvilleLuxuryAuction.com. A 2% commission is offered to the buyer's broker. The property is available for preview daily by appointment. Qualified bidders only. For more information call 877-217-2001 or visit JacksonvilleLuxuryAuction.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 ConciergeAuctions.com.

SOURCE Concierge Auctions