Concierge Auctions to Sell 'Topridge,' a Historic Manor in Prestigious Tuxedo Park, at Auction on November 19

Grand estate on over 19 acres only one hour from New York City selling without reserve

PR Newswire
NEW YORK
Oct 21, 2010

NEW YORK, Oct. 21 /PRNewswire/ -- An exceptional and stately Tuxedo Park Manor estate circa 1909 known as "Topridge," that rests on 19.3 manicured acres just an hour from New York City, will sell at a live, on-site auction on November 19, Concierge Auctions has announced. Originally listed for $9,800,000, the property will be auctioned without reserve to the highest bidder regardless of price. The sale is being conducted in cooperation with listing agent Cindy Booth of Towne & Country Properties Sotheby's International Realty.

"Topridge is a special place, and my family and I enjoyed many wonderful years there. However, now that my children are grown, I find myself spending more time at my residence in Florida," stated seller Heidi Steiger. "As a client of the Sotheby's Auction House, I am familiar with the auction methodology and its efficiency in generating market value for premier assets. Many uncertainties exist when selling luxury homes through traditional brokerage methods today, and I have arrived at the realization that I would rather obtain market value now than wait an unknown period of time for an offer. Concierge Auctions is experienced in dealing with high-end properties, and as a preferred provider of auction services to the Sotheby's International Realty® network, their platform is ideal for sellers like myself. I am confident that the global exposure of Concierge Auctions' 60-day process, coupled with the outreach of Towne & Country Properties Sotheby's International Realty, will generate the best possible price for Topridge on November 19th."

"As the only estate in Tuxedo Park designed by renowned architects Delano and Aldrich, and one of the three largest privately-held pieces of property in this gated enclave, Topridge is one-of-a-kind," stated Booth. "With all of the original architectural details meticulously preserved, the timeless design of the manor and gardens, coupled with the unique privacy, prestigious history and extensive amenities of Tuxedo Park, renders an ideal offering for the most discerning buyer. Selling without reserve, I am not aware of a better opportunity in this region, and certainly not in Tuxedo Park."

Comprised of approximately 12,000 square feet of living space with 7 bedrooms and 6.5 bathrooms, Topridge rests on 19.3 magnificent acres with manicured lawns and original hand-hewn stone walls. The property offers spectacular lake and mountain views as well as gardens that have been carefully designed to bloom throughout the spring, summer and fall. The stately Georgian manor designed by Delano and Aldrich was carefully constructed in 1909 of native stone and stucco and reflects the elegant, peaceful country living that it has provided in Tuxedo Park for nearly 100 years. The gracious spaces and amenities include a marble-floored rotunda entry with domed, hand-painted ceiling, formal grand salon, formal dining room, expansive master suite, chef's kitchen with butler pantry, exercise and media rooms, billiards area, indoor swimming pool and a separate original tea house.

An enclave of mansions clustered around three sparkling lakes beneath the Ramapo Mountains, with roads that wind through 2,500 acres of parkland, Tuxedo Park is a well-preserved village that lies peacefully beyond a manned gate house that provides absolute privacy and security. Tuxedo Park showcases residences that date back to 1885, when Pierre Lorillard commissioned Bruce Price, a famous turn of the century architect, to build the first 13 summer cottages. As more homes were built between 1885 and the early 1900's, nearly every important style of American domestic architecture was represented, including Tudor, Spanish Mission, Georgian, Jacobean, Gothic Revival, Queen Anne and Dutch Colonial Revival. The architects whose work appears in Tuxedo Park reads like a who's who of the times, including McKim, Mead and White, James Renwick, Jr. William A. Bates, James Brown Lord, Richard Howland Hunt, Robert Robertson, Warren and Wetmore, and Delano and Aldrich, just to name a few. Few communities in the country retain such a remarkable number of significant residences in such pristine condition.

Convenient to the New York State Thruway (I-87) and buses and trains to New York City, Tuxedo Park is the ideal business and leisure commuter location. Shopping and dining facilities are nearby as are both public and private schools. Recreational activities abound including fishing, boating, swimming at the Wee Wah Beach Club, skiing at nearby Tuxedo Ridge Ski Center, golf and hiking the vast trails of Harriman State Park.

"We are excited to be working in this prestigious community, with its rich tradition and history. As witnessed during our recent sale of Tulip Hill circa 1756 in Harwood, Maryland, our auction platform is ideal for identifying the value of significant historic properties," stated George Graham, CEO of Concierge Auctions. "Ms. Steiger is a perfect candidate for our process, as she is highly sophisticated and after evaluating all options has determined that a 'without reserve' auction is the most efficient and transparent method to accomplish her goals. She is fully committed to selling on November 19th. Interested buyers and agents should take notice."

The live, on-site auction of Topridge will be held on November 19. The auction has no reserve, and no minimum bid is required to participate. A 2% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. The property is open for preview daily from 1pm to 4pm by appointment. To schedule a preview call 877-463-5280, or for more information visit www.TopridgeAuction.com.

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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