St. Augustine, Florida Estate In Palencia Golf And Tennis Community To Sell To The Highest Bidder During A "Live," Absolute Auction On June 16th

ST. AUGUSTINE, Fla., June 4, 2012 /PRNewswire/ -- A newly constructed, custom home within the exclusive Palencia golf and tennis community is scheduled to sell at a "live," absolute auction on June 16th, Concierge Auctions has announced. Originally offered for $3 million, the property will sell to the highest bidder regardless of price. The sale is being handled in cooperation with Naomi Lumley and Pud English of Palencia Realty.

"Following last week's silent auction, the sellers have decided to move forward with the absolute format in order to remove any question that the property might not sell -- a testament to their motivation," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The property is now open daily from 1 to 4pm, so we encourage anyone who might have interest at any price level to visit and register for the auction. This is a rare opportunity to purchase a beautiful home for what likely will be a great value."

642 Santa Teresa Court is a 5,712-square-foot residence with an additional 1,200 square feet of outdoor entertainment areas located in the 2,350-acre master-planned community of Palencia, which offers a 40-acre Village Center, a 33,000-square-foot clubhouse, a spectacular Arthur Hills-designed championship golf course, and more than 33 acres of parks, trails and open areas. Situated in Palencia's Santa Teresa neighborhood, known for it's expansive home sites and Intracoastal and nature preserve views, the five-bedroom, six-bathroom custom home includes a two-story entry foyer, adjacent living and dining rooms that share a see-through fireplace, a luxurious master suite, a game room with wet bar, a den/library, a gathering room with entertainment center, an outside pool area/lanai and a three-car garage.

The live auction will be conducted on June 16th. A 2% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property will be open daily from 1 to 4pm and by appointment. For more information, call 800-225-6236 or visit PalenciaAuction.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 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