Prestigious Terrell Hills Estate In San Antonio, Texas To Sell At Auction

SAN ANTONIO, May 3, 2012 /PRNewswire/ -- A historic Texas estate set upon 1.47 acres in the heart of San Antonio's exclusive Terrell Hills neighborhood, ranked last month as one of the top 25 homes in the city by San Antonio Magazine, will be sold at auction on May 31st by Concierge Auctions. The sale of this notable residence, often referred to as the "Corbell House" because of the well-recognized family who previously owned the property, is being handled in cooperation with listing agent Mary Carter of Kuper Sotheby's International Realty.

"This storied estate is located in one of the most famed and affluent neighborhoods in all of San Antonio and within the sought-after Alamo Heights School District. Its rich history, architectural significance and gorgeous grounds are all contributors to it being considered one of the city's finest residences," stated Carter. "The property has been masterfully remodeled with the recent rebuilding of the entire home's infrastructure, while keeping the elegant charm that has long been its trademark."

Originally listed for $5.2 million, bidding on 555 Eldon Road will begin at $1.995 million. Or, the property can be purchased prior to auction for a Buy-It-Now price of $4.29 million.

555 Eldon Road is a stunning Mediterranean home comprised of more than 7,000 square feet including five bedrooms, four full and one half bathrooms, expansive living areas and high ceilings throughout. Its spacious grounds are immaculately landscaped and include a sparkling pool and spa, fountains, massive covered and uncovered patios and a charming two-bedroom, one-bathroom guest apartment with a full kitchen above a detached, four-car garage. Recent renovations to the main home include replacing the entire electrical wiring system, service panels, most light fixtures and Santa Barbara wall finishes; stripping and refinishing all the hardwood and Satillo tile floors; installing a new circular driveway; and much more.

"Following our inaugural Texas sale of Champ d'Or last month, a 48,000-square-foot mansion located just outside of Dallas, we are excited for our first auction in San Antonio," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The sellers of 555 Eldon Road are innovative and familiar with the auction process, having bought and sold many items through auction themselves, and they trust that a fair market price will be identified through competition. In turn, the lucky high bidder on May 31st will own in one of San Antonio's most recognized neighborhoods for their bid price."

San Antonio is the seventh largest city in the country and the second largest within the state of Texas, with a population of 1.3 million. From the historic legacy of the Alamo to the modern vibrancy of its graceful River Walk, San Antonio has come to define both classic and contemporary Texas. The city enjoys more than 300 days of sunshine annually and has an abundance of outdoor and recreational activities. Terrell Hills is located in the northeastern area known as Uptown Central. Its neighbors include the equally upscale Alamo Heights, Olmos Park and Fort Sam Houston. Named for Dr. Frederick Terrell, a local bank president who had served as mayor of San Antonio in 1901 and promoted the area as a residential addition in the late 1920s, the community features some of the finest and most valuable homes in the region, most of which are zoned to the desirable Alamo Heights Independent School District. San Antonio is serviced by the San Antonio International Airport, located approximately eight miles from downtown serving 44 destinations including six in Mexico.

The auction of the "Corbell House" will be conducted on May 31st. A 3% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property will be open for preview on Saturdays and Sundays between 1 and 4 pm and daily by appointment. For more information, call 866-818-6986 or visit TerrellHillsAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction marketing 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