Concierge Auctions Breaks Sales Record With The Successful Auction Of Timber Creek Ranch Near Dallas, Texas
Luxury auction achieves highest residential sale price ever in the Lake Cypress Springs area and another win for the firm's Land & Ranch Division
May 11, 2015
DALLAS, May 11, 2015 /PRNewswire/ -- Leading luxury auction firm Concierge Auctions is pleased to announce that Timber Creek Ranch, a working 346+ acre recreational ranch located in the greater Dallas area on Lake Cypress Springs, has found a new owner. The live auction of the property, held on-site in cooperation with listing agents Kyle Crews of Allie Beth Allman & Associates and Ralph Robertson of Century 21 Butler Real Estate Services, attracted international attention and drew 9 diverse bidders, including one from China. Never before sold in its entirety, the signed contract represents the highest sale ever on Lake Cypress Springs.
"In my 30-plus years of real estate marketing and sales, Concierge Auctions does the best job capturing the essence of unique properties like Timber Creek Ranch, as evidenced by this record-breaking contract," Crews said. "Success was achieved in a brief yet effective timeframe thanks to print and digital marketing, public relations efforts and overall global outreach. Concierge exceeded our sellers' expectations, and I look forward to future dealings with this great group of professionals."
Concierge Auctions' marketing campaign drew over 9,000 website views from 48 US states (led by Texas, California, Oklahoma and Florida) and 60 international countries (led by Canada, the Netherlands, France and Ireland).
A total of 14 past real estate closings were needed to amass Timber Creek Ranch's coveted acreage, which offers various commercial and residential use opportunities including a working and recreational ranch; a sportsman's resort; a bed and breakfast and/or event center; and a community/neighborhood development. The ranch includes 1,600 linear feet of sea-walled frontage on 3,500-acre Lake Cypress Springs, one of Texas' most desirable lakes for water sports, and two on-site, bass-stocked lakes.
The property was offered in multiple bidding segments: (1) the 26-acre lakefront parcel; (2) the 320-acre upper parcel; and (3) the entire, approximately 346+ acres, which is how it ultimately sold.
"This sale validates the effectiveness of Concierge Auctions' luxury auction format and process in the complicated ranch environment. This multi-parcel offering included a lot of moving parts, yet we were still able to expose the property to a broad market and bring in ample bidders," said Billy Long, head of Concierge Auctions' Land & Ranch Division. "The auction of the ranch in its entirety brought an additional $1 million over the individual parcel bidding and was a huge success. We ended up with a happy buyer and seller, not to mention the largest sale in Lake Cypress Springs history."
Upcoming luxury property auctions are underway in Alaska, Colorado, California, Georgia, Hawaii, North Carolina, Texas, Virginia, Canada, the Caribbean and Mexico, and many more are already scheduled for the Summer and Fall. If you or someone you know is interested in buying or selling a remarkable property through Concierge Auctions, call 212.257.5018.
About Concierge Auctions
New York-based Concierge Auctions is the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding in 2008, Concierge's business has spanned the globe, including 27 US states and 5 countries, and the firm has produced numerous record-setting sales. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and was named one of America's fastest-growing companies by Inc. Magazine.
SOURCE Concierge Auctions