Platinum Luxury Auctions to Offer Spectacular Coral Gables Waterfront Condominium at Luxury Auction January 27, 2012
MIAMI, Jan. 10, 2012 /PRNewswire/ -- On Friday, January 27, 2012 a magnificent waterfront condominium in Coral Gables, Florida will be sold to the highest bidder at absolute auction. Although the property was recently listed for $6.5 million, there is no required minimum bid or reserve price at the auction. Platinum Luxury Auctions LLC, a national luxury auction firm headquartered in Miami, Florida, is conducting the auction.
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The luxury auction is an exciting opportunity for those who have had their eye on the Coral Gables luxury real estate market. "Any buyer who has been waiting patiently for a truly special condominium residence should not miss this auction," said Trayor Lesnock, president of Platinum Luxury Auctions.
The residence is situated in the most desirable southeastern corner line on the 12th floor of the Gables Club Condominium, Coral Gables' premier condominium development. "This is an exceptional building. Even in the sluggish market of 2010, units sold here at $3.3 million and $9 million," says Lesnock.
Before moving into the unit, the seller commissioned a nearly $2 million renovation by prominent design firm Constantin Gorges, Inc. The completed project earned the property a 2009 feature in Florida Design magazine. "We really enjoyed re-designing and building this unit," says seller P.R. Steinfurth, who along with his wife commissioned the renovation. "But since we've moved our family into a much larger home the expediency of selling the condo through the auction process appealed to us."
With 7,500 interior square feet in addition to 5 large outdoor terraces, the unit is a dream for entertaining. There are 5 bedrooms, 6 full and 1 half baths. Sublime views of South Beach, Key Biscayne and the Biscayne Bay can be enjoyed from almost every room. Additional features of the residence include a home gym, wine room, formal study and separate library, separate prep/maid's kitchen and a grand salon with dining area. Four covered parking spaces convey with the property.
The "City Beautiful," as Coral Gables is often known, is one of Miami-Dade County's most desirable real estate markets. The city's average household income is more than double the national average. Carefully planned neighborhoods consisting of private, lushly landscaped lots make it the area of choice for south Florida's most discerning individuals.
The Gables Club is Coral Gables' ultimate condominium address, located on a 10-acre waterfront site and just a few hundreds yards from the opening to the Biscayne Bay and Atlantic Ocean. Gables Club residents enjoy the finest amenities, including 24-hour guard gate and front desk security, valet, concierge, a clubhouse, restaurant (with room service), full-service spa, two fitness centers, a heated resort-style pool, tennis courts, putting greens and a private marina.
For more details on this luxury auction, please visit BidCoralGables.com or call 1.800.262.5132.
About Platinum Luxury Auctions LLC: Platinum is the only auction company founded exclusively on luxury, non-distressed real estate auction experience. The firm's principals have closed more than $250 million in luxury real estate auction sales, and have consulted and advised on nearly $1 billion in luxury auction property in total. Platinum also has luxury yacht and aircraft divisions. The firm specializes in luxury assets in excess of $1 million. Contact Platinum at 1.800.262.5132, [email protected] or visit www.PlatinumLuxuryAuctions.com.
SOURCE Platinum Luxury Auctions LLC
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