Concierge Auctions to Conduct a Live, Absolute Auction at a Picturesque Estate in Coronado, California on August 12

Immaculate family home with guest house in opulent neighborhood, mere blocks from the beach, will sell to the highest bidder regardless of price

PRNewswire
CORONADO, Calif.
Jul 9, 2010

Concierge Auctions will conduct a live, on-site luxury real estate auction of 755 F Avenue, a stunning estate with a guest home in the affluent community of Coronado Village, on August 12. Originally listed for $2,899,000, the auction is absolute, meaning the property will sell to the highest bidder regardless of price. The sale is in cooperation with Ashlee Nicolls of Park Life Real Estate.

"Given Concierge Auctions' track record with luxury properties nationwide, I'm excited to work with the team and appreciate their innovation and dedication to selling this property," stated Nicolls. "The sellers are taking a risk by selling absolute and allowing the market to determine the price; however, they are committed to having the property sold on August 12. This is without a doubt the best buy in Coronado, and any potential bidders should take notice. Further, as we are offering a 2.5% buyer's broker commission, all area brokers should not let their clients miss this opportunity."

"An absolute sale is the truest form of auction. The buyers will determine the price, regardless of what the high bid is," stated George Graham, CEO of Concierge Auctions. "This auction format creates an easy transaction for all parties. The most motivated seller is identified, there are no drawn-out negotiations, and buyers know they are competing fairly and on the same terms as all other buyers."

Nestled in the premier community of Coronado Village in the vibrant and affluent city of Coronado, California, this completely remodeled 2,700-square-foot family home has three bedrooms, three bathrooms, a spacious kitchen with a long bar and adjoining dining room. The great room, which is the focal point of the home, has an exquisite red brick and dark wood fireplace that can be either natural wood burning or gas. The property features stunning interior details including an immaculate staircase of intricate wrought-iron railings and contrasting textured red brick and smooth hardwood stairs, outlined by crisp white molding and a plethora of windows throughout, flooding the home with calm, natural light.

Outdoors, the bright white stucco exterior is elegantly contrasted by rich dark wood singles, architectural elements and wood-framed windows. Red brick flooring gives way to two covered seating areas in addition to the two-car garage. The porch overlooks the home's immaculately landscaped yard, featuring lush greenery and sculpturally-laid white walking stones towards the detached guest home, a 900 square foot studio with a full bath and kitchenette. A custom built-in outdoor oven and stove completes the outdoor space, creating a perfect backdrop for intimate gatherings or larger entertaining.

Coronado, also known as Coronado Island and the "Crown City," is an affluent city located five miles from downtown San Diego, California. The community of nearly 30,000 residents welcomes more than two million visitors annually to bask in the sunshine and the sand and enjoy the lush surroundings of The Village, the city's core living and business area. Located on a peninsula connected to the mainland by a 10-mile isthmus called the Silver Strand, known locally as "The Strand," Coronado boasts three world-class resorts including the famous Hotel del Coronado, arguably one of the world's top resorts, and many highly-acclaimed restaurants, countless outdoor activities and public schools that are top ranked in the state.

Coronado Central Beach, which runs along Ocean Boulevard, has a backdrop of luxury homes and mansions. In its annual Top 10 survey, The Travel Channel announced it as one of America's finest beaches.

The auction of 755 F Avenue will be held live, on-site on Thursday, August 12 at 2 p.m. Attendance will be limited to registered bidders and their representatives. A buyer's broker commission of 2.5% is offered on the high bid. The property is available for preview daily from 1 to 4 p.m. and by appointment. For more information visit www.CoronadoLuxuryAuction.com or call 866-605-7286.

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 30,000 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.

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SOURCE: Concierge Auctions

CONTACT: Kari Neering, Rubenstein Public Relations, +1-212-843-8392,
kneering@rubensteinpr.com

Web Site: http://www.conciergeauctions.com/