Platinum Luxury Auctions Offers Riverfront Mansion in Jacksonville, Florida

JACKSONVILLE, Fla., June 12, 2014 /PRNewswire/ -- A sprawling riverfront estate in Jacksonville, Florida will be offered for sale at a live auction on July 11th managed by Platinum Luxury Auctions, a veteran auction firm specializing in the sale of multimillion-dollar properties. Previously listed for $5.2 million, the property will now sell to the highest bidder at or above the auction's reserve price of only $1.5 million. Coldwell Banker Vanguard Realty of Jacksonville is the cooperating listing brokerage in the transaction.

Interestingly, the seller of the residence has already auctioned one property with Platinum, selling a luxury townhome in Colorado's Snowmass Village for nearly $2 million in March 2013. "Repeat business from a singular client is exceptionally rare in the auction business," noted Trayor Lesnock, Platinum's president and founder. "It's certainly a testament to the caliber of our client service and performance, and it also shows how a savvy seller is using the luxury auction process to recapitalize her financial portfolio when the traditional sales process has failed to generate results."

From its position on the east bank of the St. John's River, the property enjoys spectacular sunsets over the water. Lush landscaping and an electronic entry gate provide privacy and security, and with a parcel size of 100-feet wide by 655-feet deep, there is plenty of yard space. The residence offers more than 8,500 interior square feet, 5 bedrooms, 5 full and 3 half baths, and a 4-car garage. Prominent features include six gas fireplaces, a gourmet kitchen, and an immense second-story balcony and covered lanai with water views. Outdoor amenities include a saltwater pool, spa tub, gas fire pit, barbeque area, and a hand-railed dock equipped with double boat lifts and a two-story boathouse with a wet bar and lounge.

With the St. Johns River, Intracoastal Waterway, and the Atlantic Ocean all within the greater Jacksonville area, the city's "River City by the Sea" moniker is a fitting one. Area residents enjoy an active "salt life" filled with ferry cruises, fishing trips, and waterside venues and events like the Riverside Arts Market or Jacksonville Light Parade. The city is also home to one of the largest urban park systems in the U.S., with 262 parks spanning 80,000 acres. In addition, Jacksonville has over 60 golf courses, including the world renowned Player Stadium Course at TPC Sawgrass.

Property previews will be held between 12pm and 5pm each Thursday-Sunday until the date of the auction. Interested parties may visit JaxLuxuryAuction.com or contact a Platinum representative at 800-262-5132 for additional auction details.

About Platinum Luxury Auctions
Platinum Luxury Auctions is a market-leading auction firm specializing in the non-distressed sale of multimillion-dollar properties nationwide. The firm's principals have closed more than $345 million in luxury real estate auction sales, and have consulted on more than $1.25 billion in additional luxury properties. Learn more at PlatinumLuxuryAuctions.com.

SOURCE Platinum Luxury Auctions