Platinum Luxury Auctions Returns to the West Coast for June Sale in California

LOS ANGELES, May 9, 2013 /PRNewswire/ -- As it continues its expansion into luxury markets in the western United States, veteran luxury auction house Platinum Luxury Auctions has announced the planned sale of Rimrock Acres, a luxury estate in California's Westlake Village area, on June 8^th, 2013. The property, a sprawling 4.5-acre compound with endless views of the Santa Monica Mountains, was previously listed for $7.25 million but will now be sold to the highest bidder above $2.5 million. This marks Platinum's first auction in California, coming on the heels of a streak of successes by the Miami-based firm as it expands operations in 2013.

Platinum is conducting the sale in cooperation with Rodeo Realty's Josh Flagg and his supporting team. Mr. Flagg has gained fame from his star role on Bravo television's hit series Million Dollar Listing Los Angeles. "Although this is our first auction sale, we're excited to be working with Platinum's team in order to bring this opportunity to the marketplace," noted Matthew Chavez, lead spokesperson for Rodeo's listing team for the property. "They've been highly praised by their past clients." Co-listing agent Billy Blair is also cooperating on the sale for Rodeo Realty.

The property is located within the City of Thousand Oaks, which is part of the greater area referred to as Westlake Village, or simply "Westlake." The area is popular for both its natural beauty and its status as a hub for the corporate offices of some of the world's major technology and healthcare companies, such as Amgen, Baxter and Wellpoint. This has created a robust luxury property market in the area, with many well-heeled executives purchasing large-parcel, luxury homes and ranches there. The city is also within 40 miles of downtown Los Angeles and within only 9 miles of the Pacific Ocean.

In total, Rimrock Acres offers nearly 9,600 square feet of living space, divided between a main residence of 8,100 square feet and a separate guesthouse of 1,500 square feet. The main residence offers 6 bedrooms, 5 full and 2 half baths, while the guesthouse offers 1 bedroom and 2 full baths. Adjacent to the guesthouse is a horse barn (currently outfitted as a garage) with paddocks. The property can stable up to five horses.

Additional property features include a north-south tennis court with night lighting, pool, Jacuzzi, furnished pool pavilion with fireplace, summer kitchen/BBQ, wine room, sauna, home theater, billiards room, two wet bars and a 4-car garage.

"This estate has tremendous appeal for a wide range of buyers," noted Trayor Lesnock, Platinum's president. "The beautiful natural setting, combined with the proximity to LA, the Pacific Ocean and the corporate tech hub, makes Rimrock Acres a wonderful lifestyle choice."

Property previews begin May 15^th and continue until auction day. For more information, visit RimrockLuxuryAuction.com or call 1.800.262.5132 to speak with project manager Michael O'Brien.

SOURCE Platinum Luxury Auctions