Cayman Islands Estate With 210 Feet of Beachfront to Sell Without Reserve at Live, On-Site Auction on November 3

Concierge Auctions to conduct the auction on behalf of Cayman Islands Sotheby's International Realty

PR Newswire
GRAND CAYMAN, Cayman Islands
Oct 6, 2010

GRAND CAYMAN, Cayman Islands, Oct. 6 /PRNewswire/ -- Casa Coyaba, "House of Paradise," a tranquil Caribbean island estate with more than 19,000 square feet of indoor and outdoor living space on 210 feet of beachfront, will be sold at auction on November 3 without reserve, NYC-based luxury real estate auction firm Concierge Auctions has announced. Previously listed for $19.8 million, this impressive property at 222 Old Prospect Road in Grand Cayman will sell to the highest bidder regardless of price. The live, on-site auction is being conducted on behalf of Cayman Islands Sotheby's International Realty and marks Concierge Auctions' first international assignment.

"Grand Cayman is an island gem for those seeking offshore residency or a second home in a stable, high quality, tax-neutral tropical climate," stated Sheena Conolly, Owner/Broker of Cayman Islands Sotheby's International Realty. "We have the highest per capita income and standard of living in the region, with around 52,000 residents from over 100 countries who gather to work and play in harmony. Casa Coyaba is a splendor and one of the most impressive luxury residences in the Caribbean. The setting is peaceful and the views spectacular. There are very few homes that are as memorable as this one."

Majestic in both stature and structure, Casa Coyaba offers more than 19,000 square feet of completely furnished indoor and outdoor living space. Plentiful windows offer stunning views and an abundance of natural light for the spacious floor plan of 39 rooms including eight bedrooms, 10 full bathrooms, two powder bathrooms, a library, two formal living rooms, a great room, full gym, theatre room, two master suites, two gourmet kitchens, two laundry rooms, a separate entire nanny suite and two executive offices. A customized home automation system allows for complete access and control of all rooms of the home, from temperatures to lighting to security cameras, from any computer across the globe.

The home's nine open and eight covered balconies feature multiple table sets, loungers, couches and tables for private individual conversation or endless entertainment. The 40-foot, infinity edge, heated pool overlooks the beach, as do the patio hot tubs. The Caribbean's consistent weather provides opportunity to suntan on the estate's beachfront, or the water sport enthusiast can pull up his or her jet skis or small watercrafts right to the sandy backyard. A covered outdoor kitchen and bar area is the perfect place to relax after a tennis match on the lighted doubles court that sits just next to the residence.

Life in the Cayman Islands is unique - a blend of breezy relaxation and business sophistication. Boasting phenomenal amenities and a quality of life unmatched in the region, the new owners will be close to the mainland and city life, yet far from the madding crowd. The Cayman Islands is home to those looking for a discerning, picturesque and peaceful corner of the world. Casa Coyaba sits majestically on this quiet historic road just past the South Sound area, a sophisticated community which is home to upscale, unique homes whose architecture is emphasized by the expanse of sky and sea that surround them. South Sound is one of the more established residential areas on the island and is also close to some of the best schools and sporting facilities. The breezy coastal road that follows the seashore is ideal for an early morning jog or evening stroll.

There are frequent direct flights to the area including those from New York, London, Miami, Atlanta, Washington, Chicago, Tampa, Toronto, Bahamas, Kingston and other international destinations connecting to Grand Cayman, which sits approximately 480 miles southwest of Miami, only one hour flying time.

"Concierge Auctions has established itself as the auction firm of choice for luxury property sellers throughout the United States, and we are excited to extend our services to select international clients," stated George Graham, CEO of Concierge Auctions. "No matter the location, our 60-day disposition process is a proven technique to generate market value for premier luxury properties. As the owner of Casa Coyaba has agreed to sell through the truest form of auction - without reserve - buyers will appreciate being able to name the price in an open, transparent forum. This is the first auction of its kind in the Cayman Islands and a genuine, unique opportunity to own a premier estate in one of the worlds most sought-after destinations."

The live, on-site auction of Casa Coyaba will be held on November 3. The auction has no reserve, and no minimum bid is required to participate. Cooperating brokers are welcome. Proxy bidding is available. See Auction Terms and Conditions for full details. For further information and/or to schedule a private preview visit www.CasaCoyabaAuction.com or call 866-605-7280.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 50,000 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 www.ConciergeAuctions.com.

SOURCE Concierge Auctions


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