Concierge Auctions To Host Real Estate Auction of 25,000-Square-Foot Mansion in Boca Raton, Florida

WATERFRONT ESTATE PREVIOUSLY ON THE MARKET FOR $21.9 MILLION

PRNewswire
BOCA RATON, Fla.
Jun 25, 2009

Concierge Auctions will conduct a luxury real estate auction of a 25,000-square-foot mansion in Boca Raton, which was previously on the market for $21.9 million, the company announced.

The gated Italian Renaissance style waterfront estate, located at 450 East Coconut Palm Road in the prestigious area of Royal Palm, is widely considered to be one of the premier properties in Florida.

Perfectly situated on a peninsula lot, the approximately 475 feet of prime, deep yacht dockage will satisfy even the most discerning boater.

The expansive coquina stone mansion includes seven bedroom suites, seven full and three half baths, elevator, seven fireplaces, wine room, modern theater room, spa retreat, private waterside terrace, indoor lap pool, garages for five cars, and ornate ironwork throughout. The grounds also include a gated entry, an elegant waterfront pool, and formal gardens.

The property is listed by brokers Mark Nestler and John Poletto of Nestler Poletto of Sotheby's International Realty.

"We are delighted to be working with Concierge Auctions, particularly in light of the recent announcement of their national alliance with Sotheby's International Realty," said Mark Nestler.

"The global outreach of the Sotheby's International Realty brand, coupled with our firm's innovative marketing techniques, uniquely positions us to help luxury sellers in Palm Beach County reach the most qualified buyers worldwide," added John Poletto.

"This spectacular estate is located in one of the most exclusive and prestigious communities in the world," stated Laura Brady, President of Concierge Auctions. "The upcoming auction, which is open to all qualified bidders, provides a rare opportunity for the right buyer to acquire a preeminent property at a reduced price."

Although not mandatory, the new owner may have the ability to enjoy The Royal Palm Yacht & Country Club, a private by-invitation-only club for almost half a century, which features a Jack Nicklaus Signature golf course, newly redesigned 30,000-square-foot golf clubhouse, state-of-the-art fitness center, clay tennis courts, Olympic size swimming pool, and two championship croquet courts.

The auction will be held Saturday, July 11. Participation will be limited to registered bidders and their agents. Bidders must register by 5pm on Thursday, July 9 and present a $250,000 earnest money deposit via wired or certified funds prior to bidding. No minimum bid is required; view Terms and Conditions of Sale for full details. The property is available for preview by appointment through July 11. For more information, visit www.450CoconutPalm.com or call Concierge Auctions at 888-966-4759.

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 Nestler Poletto Sotheby's International Realty

Nestler Poletto Sotheby's International Realty represents the finest luxury homes, estates, country club communities, Intracoastal properties, ocean front estates, and luxury condominiums in and around Boca Raton, Florida, from Manalapan to the Hillsboro Mile. Recognized by national publications for their excellence and success in marketing and sales, and as residents and members of the areas finest communities and country clubs, their team of professional REALTORS ® offers unparalleled knowledge and service to the most discerning buyers and sellers. For more information, visit www.npsir.com or call 561-997-7227.

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SOURCE: Concierge Auctions

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

Web Site: http://www.450coconutpalm.com/


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