Concierge Auctions To Utilize Custom Digital Bidding App To Sell Austin, Texas Tech Entrepreneur's Smart Home

"Instant Gavel" application grants buyers anonymity and ease of participation

Jul 7, 2016

AUSTIN, Texas, July 7, 2016 /PRNewswire/ -- Leading global auction firm Concierge Auctions is pleased to announce its latest tech-enabled real estate opportunity — a smart home with Hill Country views built on over three acres inside the coveted Barton Creek community in Austin, Texas, one of the country's most entrepreneurial cities. Previously listed for $5.995 million, 3509 Lost Creek Boulevard will be sold without reserve via the firm's custom mobile bidding app, "Instant Gavel". Bids will be accepted over a 30-hour period from July 27th at 12pm CDT to July 28th at 6pm CDT in cooperation with Christopher E. Watters of Watters International Realty.

"Thus far in 2016, more than 80 percent of our auctions have been conducted through our Instant Gavel app — up from less than 10 percent just a year ago, when most of our sales included a live, on-site auctioneer," stated Concierge Auctions Chairman Chad Roffers. "The app has proven effective at engaging buyers from around the world and enabling full anonymity. Bidders also enjoy the transparency of being able to watch the competition real-time and participating in a comfortable, less time-constrained atmosphere."

The seller of the property is Martin Neath, a driving force of Austin's tech scene. An investor and member of the Board of Directors of more than a dozen startups and an early employee of Tivoli software, Neath was so impressed with Concierge Auctions' recent sale of ‪101 Pascal Lane (also in Austin) that he signed up to sell his property with the firm shortly after.

"I was fascinated by the exposure and price that Concierge generated for 101 Pascal Lane," said Neath. "As a technology entrepreneur, I have also followed Concierge Auctions' success with Instant Gavel and wanted to be the first seller in Austin to utilize this cutting-edge technology to enable a diverse and global customer set to bid on my home."

European and local Austin artists collaborated over five years to produce 3509 Lost Creek Boulevard, a one-of-a-kind Tuscan-inspired villa located on 3.18 acres. The 14,000-plus-square-foot estate offers a master suite with a massive walk-in closet and bathroom, five lavish guest rooms with en-suite bathrooms, and a complete guest apartment with a separate entrance. There is also a 10-bay art gallery, a gym with stationary lap pool, a media/home theater and a 1,600-bottle wine cellar and tasting room. The smart home is equipped with state-of-the-art lighting and temperature control and a top-of-the-line security system, all of which can be controlled from an iPad and iPhone. Outdoors, the expansive patio and panoramic views make way to a sleek infinity-edge pool and in-ground hot tub. There is also an outdoor kitchen and attached living room complete with a white marble fireplace.

"Martin had an unbelievable vision for this estate, and invested countless time and energy into creating what is arguably one of the most unique properties in this highly desirable neighborhood," Watters said. "It offers complete privacy and has a resort-like feel, yet is only 15 minutes from downtown Austin, high-end shopping, renowned golf courses and more. It's a perfect fit to have a tech savvy individual like Martin sell his home through a mobile app. It's an exciting process and we can't wait to see the bids roll in."

3509 Lost Creek Boulevard is available for preview daily by appointment between 11am and 2pm. Bidding will be open from July 27th at 12pm CDT to July 28th at 6pm CDT and can be viewed real-time via the Instant Gavel app, which is a free download from the Apple or Android App Store. Buyers must be pre-qualified to receive bidding capability. Brokers are protected. See Auction Terms and Conditions for full details, or for more information call 212-202-2940.

About Concierge Auctions
New York-based Concierge Auctions is the dominant marketplace for buying and selling the world's finest properties. Since its founding in 2008, Concierge's business has spanned 32 US states and 11 countries, resulting in over $900 million in sales and many record-setting transactions. 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 has been named one of America's fastest-growing companies by Inc. Magazine for the past two years.



3509 Lost Creek Blvd.


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SOURCE Concierge Auctions