Concierge Auctions to Host Real Estate Auction of Two Luxury Properties at Four Seasons Resort Hualalai in Hawaii on August 10

Previously Offered To $10.3 Million and $9.1 Million - No Minimum Bid Required

PRNewswire
KAILUA-KONA, Hawaii
Jul 15, 2009

Concierge Auctions will conduct a luxury real estate auction on August 10 of two expansive homes overlooking the Pacific Ocean, located in the Four Seasons Resort Hualalai on Hawaii's Big Island, the company announced. The sale is being conducted in cooperation with Hualalai Realty. No minimum bid is required.

The first property, 72-151 Lau'eki Street, is located on 25,000 square feet of land. It contains a 5,900-square-foot residence with 4,600 square feet of air conditioned living space including five bedrooms, five baths and one half-bath, and more than 1,300 square feet of covered lanais including a 590-square-foot dining lanai. 72-151 Lau'eki Street was previously offered to $10.3 million unfurnished.

The second property, 72-155 Lau'eki Street, is on 21,000 square feet of land, with 4,416 square feet of interior living area and more than 1,200 square feet of lanais. It includes four bedrooms, four baths and one half-bath, and a two-plus car garage. 72-155 Lau'eki Street was previously offered to $9.1 million unfurnished.

Both homes feature a custom-designed swimming pool with infinity edge and integrated spa, covered entry with zen garden, outdoor kitchen, and a private outdoor shower garden. The interiors are offered with furnishings and include an expansive kitchen with high-quality stainless steel appliances, media room with 50-inch plasma television, and an integrated music speaker system.

"We are excited to present the next two homes to sell in Hualalai," said Laura Brady, President of Concierge Auctions. "The owner is committed to the immediate sale of these extraordinary properties and has made a decision to allow the bidders to establish value."

"These stunning homes are situated in the premier travel destination in the United States, and one of the most exquisite locations in the entire world," said Rob Kildow, Principal Broker, Hualalai Realty. "This is a 'one of a kind' sale opportunity, never before seen at Hualalai, and perhaps never to be duplicated in the future."

The auction will be held at 11am HDT on Monday, August 10 at 72-151 Lau'eki Street in the Four Seasons Resort Hualalai. Attendance is limited to registered bidders and their agents. A $100,000 deposit via wired or certified funds is necessary to bid. View Terms and Conditions of Sale for full details. The properties are available for preview daily, by appointment. For more information, call Concierge Auctions at 888-966-4759 or visit www.conciergeauctions.com.

About Concierge Auctions

Concierge Auctions is an experienced luxury real estate auction company, serving buyers and sellers in upscale markets nationwide. The company offers an accelerated marketing process that obtains fair market value for properties in a determined time frame, and helps bring transparency and efficiency to the real estate market. For more information, visit www.conciergeauctions.com.

About Hualalai Resort

Situated on the Big Island's renowned "gold coast" of West Hawaii, Hualalai Resort has set the standard for exclusive, luxury residential communities worldwide with its outstanding service - delivered with aloha - exquisite natural beauty, and award-winning design and facilities. The Hualalai Club includes two spectacular championship golf courses and clubhouses, the critically acclaimed Hualalai Sports Club & Hualalai Spa, the Canoe Club, the Residents' Beach House, and use of all Four Seasons Hotel amenities. Real estate opportunities include villas, homes and custom home sites. Hualalai Realty has been serving the Hualalai Resort community since sales began in 1996, and has participated in over 500 of the 540 transactions that have taken place in the world-class community.

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SOURCE: Concierge Auctions

CONTACT: Joshua Greenwald, Rubenstein Public Relations, +1-212-843-8037,
jgreenwald@rubensteinpr.com

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


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