Concierge Auctions Announces September 12th Auction Of Unparalleled, 118-acre Estate Perched On Prestigious Riva Ridge With Grand Teton Views In Jackson Hole, Wyoming

One of the Rocky Mountain's most striking estates, comprised of multiple, exquisitely-designed log residences and a private lake, will sell to the highest bidder in cooperation with Graham Faupel & Associates of Jackson Hole Real Estate Associates, an exc

Aug 14, 2013

JACKSON, Wyo., Aug. 14, 2013 /PRNewswire/ -- New York-based Concierge Auctions is pleased to announce the September 12th auction without reserve of an extraordinary, private estate set on 118 acres of mountain splendor, poised dramatically on prestigious Riva Ridge, 800-feet above the valley floor. The perfect locale for the coveted Teton lifestyle, the property is immersed in the beauty and wildlife of the mountains, while only 15 minutes from the Jackson Hole Airport, the town of Jackson, Teton Village and the world-renowned Jackson Hole Mountain Resort. Originally offered for $37 million, this sprawling mountain estate will sell to the highest bidder at a live auction in cooperation with Julie Faupel of Jackson Hole Real Estate Associates, an exclusive affiliate of Christie's International Real Estate.

(Photo: http://photos.prnewswire.com/prnh/20130814/NY63982 )

"The Riva Ridge Preserve is truly the most unique real estate opportunity in the Teton Region.  There is nowhere else in the valley where you can have this level of privacy and seclusion while being in such close proximity to the world-class amenities of Jackson Hole," stated Faupel.   "This property encompasses all of the very best aspects of the quintessential mountain lifestyle; an outdoor-enthusiast's paradise where you can cross-country ski, canoe, fish, or hike from your back-door with the dramatic Tetons as a backdrop."

At the top of Riva Ridge, enclosed by a rustic log gate, the property is perfectly landscaped with aspen groves, ponds, creeks, and waterfalls, and set against a majestic mountain horizon. Among the estate's many attributes are a 13,721-square-foot, five-bedroom, nine-bath main house that evokes the feel of a national park lodge; a one bedroom, one bath annex perfect for a caretaker or guest apartment; and a 3,850-square-foot, four-bedroom guest house.

An architectural masterpiece, the main residence is characterized by a clean Adirondack-style log design and spectacular living spaces that marry vintage western style with modern conveniences. In thoughtful contrast to the home's dramatic exterior, the exquisite details, perfectly scaled living areas, and use of natural materials create a profound sense of light and serenity throughout the interior.

The master bedroom is located on the main level and accessed through a two-story library complete with custom built-in bookshelves, wet bar, and half bath. The second story office runs along a three-sided balcony overlooking the library, and is accentuated by a beautiful beamed ceiling and gas fireplace. The master bedroom offers vaulted ceilings, sweeping views, and enormous wood fireplace. The bath offers a solid marble tub, steam shower, double-vanity, see-through gas fireplace, and walk-in dressing room with and cedar closet.

The second level of the home offers a dramatic bridge which connects the office to the lofted family room with wet bar and gas fireplace. Two additional guest rooms are located on this level, both with baths and one offering a spectacular balcony with Teton views. On the lower level, the media room, game room, theater and wine tunnel ensure wonderful entertaining opportunities, while other areas include the gym, locker room, and fully equipped dark room complete with steam room and dry sauna. A spiral staircase from the gym area leads to a marble indoor pool area with a swim-jet, hot tub and kitchen. A movable glass wall allows the outdoors inside, and a pass-through window to the kitchen ensures seamless entertaining and barbequing.

Accessed through the wine tunnel, the 1,400-square-foot annex offers a safe, a greenhouse, oversized three-car garage, and a spiral staircase leading to a one-bedroom efficiency apartment with coffee-bar and full bath.

The 3,850-square-foot, four-bedroom, four-bath guest house is a tribute to functional spaces and comfortable living amidst a breathtaking natural setting. The custom woodwork throughout the log home offers details at every turn. The archway from the entry to the great rooms is a delightful take on the Teton mountain-scape. The comfortable great room features a stone fireplace and views down a stream to the main house situated on the property below.

The main level offers an expansive exterior deck, which encompasses the entire north-facing aspect of the home, a functional kitchen with stainless steel appliances, ample dining area and master suite with fireplace and bath. Following a custom aspen banister with bronze leaf accents, the stairway features a stone water feature embedded with fossilized stone. The lower level features an entertaining room, three additional bedrooms and two baths.

"Teton County, Wyoming is largely touted as having the highest net worth per capita, and I believe that our real estate values, relative to other comparable mountain destinations, are undervalued," added Faupel. "Jackson's lifestyle benefits are matched only by the financial benefits of Wyoming residency, continually rated one of the most tax-friendly states by Bloomberg Wealth Manager. I am delighted to be working with Concierge Auctions to offer the right buyer a once-in-lifetime opportunity to own a true Jackson Hole legacy property."

Jackson Hole is a 48-mile-long valley surrounded by the Teton Mountains to the west and the Gros Ventre Mountains to the east. Yellowstone National Park is located less than 90 miles to the north. Within the valley sits 310,000 protected acres in Grand Teton National Park, as well as winding rivers, glacial lakes and ample wildlife from the pronghorn antelope to the grizzly bear. Teton County encompasses 97-percent of protected land for generations to come.

"Although I've been coming to Jackson Hole for nearly 35 years and have owned this property for ten years, it never ceases to amaze me. This place is magical," stated the seller, Jeff Hussey. "When I discovered Riva Ridge, I was inspired by both the scale and intimacy of the views. There's really nothing quite like it. The time I've spent here with family and friends has been priceless. But now that the children are in college and I'm increasingly focused on philanthropic projects, I look forward to seeing a buyer use this place as it was designed: a spectacular family retreat in one of the most beautiful settings in the world."

"We are thrilled to be returning once again to Jackson Hole to represent another stunning property in the region. Since 2009, we have successfully sold 12 Jackson Hole properties and have become very familiar with the market and its high-end, uniquely designed estates that are ideal for our auction process," stated Laura Brady, President of Concierge Auctions. "This property is arguably one of the most spectacular in the country. In addition, the tax benefits Teton County is famous for are a significant attribute to establishing residency. We look forward to facilitating a timely and efficient sale on September 12th."

The auction of 3000 N Riva Ridge Road, Jackson, WY will be held live on September 12th. A 2.25% commission is offered to the buyer's representing broker. The property will be open for preview daily from 1-4 pm and by appointment. See Auction Terms and Conditions for full details. For more information, visit RivaRidgeAuction.com, call 877.888.4269 or join the social discussion at #RivaRidgePreserve.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $400 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

Listed for sale by Jackson Hole Real Estate Associates, LLC (182800) - 455 (B) West Broadway, PO Box 4897, Jackson, Wyoming 83001 (888) 733-6060. Concierge Auctions LLC is a marketing service provider for auctions and is a licensed Wyoming Real Estate broker (190600) - 777 S Flagler Drive, W Palm Beach, FL 33401 (888) 966-4759. Concierge Auctions LLC, its agents and affiliates, broker partners, auctioneer, and sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are protected and encouraged to participate.

www.conciergeauctions.com

SOURCE Concierge Auctions

For further information: Rubenstein Public Relations, Lauren Hovey Tel: 212-843-8392, lhovey@rubensteinpr.com