Auction of a Luxury Property in the Hualalai Resort on the Island of Kona, Hawaii to Commence Live, On-Site on August 24

Extended auction date expands the bidding pool for this spectacular Hawaiian residence

PRNewswire
KONA, Hawaii
Jul 2, 2010

The live, on-site luxury real estate auction of an exquisite island residence with spectacular Pacific Ocean views at 72-140 Lau'eki Street - located within the premier Hualalai Resort, home to the Four Seasons Resort Hualalai - has been moved to August 24, announced George Graham, CEO of Concierge Auctions. Previously listed for $13 million, the auction has a suggested opening bid of $4.5 million. The new auction date offers more time for buyers and the real estate community to become involved in this important opportunity.

"Having sold three homes in Hualalai through auction over the past nine months, including Cher's house on the same street in January, we understand the buying pool interested in this community," stated Graham. "Our process has generated significant interest in this home over the past few weeks, but some prospects have not had enough time to visit the property or formulate their bid. By extending the date, we're generating more exposure and gaining additional bidders who understand and believe in the opportunity this auction represents. We've advised the seller to allow us some additional time to cultivate these interests."

The sale of this stunning property is being conducted in cooperation with Rob Kildow of Hualalai Realty.

"Having worked with Concierge Auctions in the past, I trust the decision to move the date. I have no doubt this extra time will not only allow those already interested the chance to gather more information, but also allow new bidders to become involved so we find the right person for this property," stated Kildow.

Overlooking the 4th tee box of the exclusive Ke'olu Golf Course, 72-140 Lau'eki Street boasts 6,502 square feet of living space in addition to 835 square feet of lanais and 23,843 square feet of land. The estate includes a main residence with three bedrooms, a gourmet kitchen, massive gathering room and media room, in addition to a guest house with its own private entrance, and is selling turnkey-furnished, with designer art, accessories and furnishings.

The outdoor area is ideal for guests and entertainment. Amenities include an infinity-edge pool with underwater speakers, curved rock-edge spa with foot massaging jets, outdoor kitchen with a built-in 42" Lynx barbeque and built-in stainless steel insulated cooler, gas fire pit, tiki torches and four outdoor shower gardens featured off each bathroom.

The auction of 72-140 Lau'eki Street will be held on Tuesday, August 24 at 11 a.m. HDT. Attendance will be limited to registered bidders and their representatives. The property is available daily for preview between 12 and 3 p.m., and by appointment. For more information visit www.HawaiiLuxuryAuction.com or call 877-214-3785.

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.

About the Hualalai Resort: The Hualalai Resort is a residential resort community located on the North Kona coast of the Big Island. Embracing Hawaiian traditions and aloha spirit, the Resort features state-of-the-art facilities, programming and amenities. The property is home to the Forbes Five Star and AAA Five Diamond Four Seasons Resort Hualalai, private Ke'olu course designed by Tom Weiskopf and The Hualalai Golf Course, a Jack Nicklaus Signature Design, and hosts the prestigious PGA Champions Tour Mitsubishi Electric Championship. In addition, Members of the Hualalai Club enjoy the newly enhanced Hualalai Spa and Hualalai Sports Club, beachfront dining at the Beach Tree and unparalleled retail experiences. For more information about Hualalai Resort visit www.HualalaiResort.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/
http://www.hawaiiluxuryauction.com/
http://www.hualalairesort.com/