Concierge Auctions to Present Luxury Property at Auction in the Hualalai Resort on the Island of Kona, Hawaii on July 1

Spectacular Hawaiian residence to be sold at auction

PRNewswire
KONA, Hawaii
May 19, 2010

Concierge Auctions will host a real estate auction of an exquisite island residence with spectacular views of the Pacific Ocean at 72-140 Lau'eki Street, located within the premier Hualalai Resort, home to the Four Seasons Resort Hualalai. The July 1 sale is being conducted in cooperation with Hualalai Realty.

"Hualalai Resort offers our residents the utmost in luxury living, in one of the most sought-after destinations in the world," said Rob Kildow, Principal Broker of Hualalai Realty. "We have conducted three successful sales alongside Concierge Auctions in the past year, and I'm confident we'll secure another homeowner for our fine community with this auction."

"Hawaii is home to some of the nation's most spectacular properties, and this is certainly one of them," stated Laura Brady, Co-Founder and VP of Marketing for Concierge Auctions. "This auction represents a tremendous opportunity for any buyer searching for a luxury island residence."

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. Originally listed for $13 million, the auction has a published reserve of $5.9 million and a pre-sale estimate of $6.5 to $7.8 million. The seller is obligated to sell to the highest bidder at or above the reserve.

Artfully designed, the home blends traditional Hawaiian architecture with modern interior elements. Rich, dark woods are contrasted with contemporary fabrics of varying textures and shades - velvet chocolate browns, khakis and bright teals and blues. The open floor plan offers views from every room and is designed to attract cooling tropical breezes and the Zen-like harmony of waves crashing in the ocean.

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.

"Having sold over $33 million in Hawaiian properties over the past nine months including the successful sale of a home on this same street designed by Cher, Concierge Auctions is pleased to have become the luxury auction firm of choice for property owners within the Hualalai Resort," stated George Graham, CEO of Concierge Auctions. "We have been successful in Hualalai through our partnership with Hualalai Realty and our ability to allow buyers and sellers to efficiently find the market value of their homes. The type of person who owns a residence in this prestigious community is results-oriented and appreciates the ability of our platform to deliver real buyers at a market price in a defined timeframe. Our process represents the future of luxury real estate sales."

The auction of 72-140 Lau'eki Street will be held on Thursday, July 1 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.

  1. 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.

First Call Analyst:
FCMN Contact:

SOURCE: Concierge Auctions

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

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