Concierge Auctions To Sell Alaskan Waterfront Retreat On August 18th

Off-the-grid private estate surrounded by one million acres of forest

Jun 29, 2015

HOOD BAY, Alaska and ADMIRALTY ISLAND, Alaska, June 29, 2015 /PRNewswire/ -- Leading luxury auction firm Concierge Auctions is calling all adventure seekers to Hidden Bay Retreat, a one-of-a-kind, 45.75-acre estate in the temperate southeast "panhandle" region of Alaska. Now scheduled for auction on August 18th, the property is complete with more than a half mile of no-bank water frontage, a 2,382-square-foot, fully furnished contemporary chalet, a detached caretaker's residence, a green utility center and 500 feet of dock space. It also includes seven contiguous lots with opportunity for further development. Hidden Bay Retreat is currently listed for $7.75 million and will sell to the highest bidder above a $4.75 million reserve in cooperation with Mary Wanzer of Coastal Real Estate Group and Dean Jones of Realogics Sotheby's International Realty.

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Surrounded by one million protected forest acres in the state's more moderate southeastern climate, perfectly situated between Juneau and Sitka, Hidden Bay Retreat visitors arrive by air or boat only. World-class fishing and gaming, wildlife viewing, hiking and boating are right outside the front door, as well as a flat beach for helicopter landing; deep bay and leeward mooring for larger sailing vessels and superyachts; and a large floating dock that can accommodate the property's fleet of fishing and service vessels. The boathouse includes a commercial fueling station for boat diesel, gasoline and aviation fuel as well as fishing gear storage and freezers.  

The seller, German-born George Herrdum, is the retired founder and owner of GFTA {1975-2012}, the pioneer in quantitative computer analysis in the foreign exchange market. In his words: "I am, at heart, a relentless adventurer. My passion is to explore, which Hidden Bay Retreat has allowed me to do. My hope is that the new owner brings their own family and friends here to get away from the stresses of the real world, enjoy the peace and quiet and carry on its legacy."

Private tours will be hosted by appointment through auction day. Participants must RSVP by calling (212) 257-5018. The auction will be held on August 18th. A 2.5% commission is offered to the buyer's representing broker. See Auction Terms and Conditions for full details.

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.

Kari Neering 
Gina Maruschak

SOURCE Concierge Auctions