Concierge Auctions to Present Luxury Bank-Owned Residence in Kona, Hawaii at Live, on Site Auction on September 3

No minimum bid required for new, premier residence in exclusive Kuki'o

PRNewswire
KONA, Hawaii
Jul 30, 2010

A live, on-site auction of a new exquisite island residence perfectly situated on more than 1.6 acres in Kuki'o - home to the exclusive Kuki'o Golf and Beach Club - at 72-3203 Punaloa Place will take place September 3, Concierge Auctions has announced. The bank-owned property has never been offered for sale, and there is no minimum bid required to participate. The sale is being conducted in cooperation with Kuki'o Properties.

"Concierge Auctions has proven itself as the leading auction provider in Hawaii, having sold more than $37 million in luxury Hawaiian properties in the last nine months. Not only does our track record include more than $10 million in Kuki'o properties, but we also sold Cher's $8.7 million home in the neighboring Hualalai Resort and multiple properties on Kauai, among others," stated George Graham, CEO of Concierge Auctions. "Our ability to efficiently find the market value of luxury homes is the key to our platform. Luxury buyers and sellers nationwide are realizing that the Concierge Auctions process is the future of luxury real estate sales."

72-3203 Punaloa Place is a 5,795-square-foot residence designed to facilitate outdoor living and a relaxed, informal style the Hawaiian Islands are known for. Selling fully-furnished, the four-bedroom home offers mesmerizing views of the Pacific Ocean, and each of the bedroom suites has a private bath complete with an outdoor shower garden enclosed by lava rock walls. The kitchen features a wraparound bi-level island designed to create a "gathering place." The master suite contains sliding patio doors leading to a lanai with ocean views, his and her closets, and a spacious bathroom with dual sinks, glass enclosed shower and a limestone-lined soaking tub.

Exterior details include split pitch roofs covered in cedar shingles that generously provide covered outdoor lanais. The midnight blue vanishing edge pool and spa is surrounded with brushed limestone coping, accented with glass mosaic waterline tile. Coconut trees frame the inlaid limestone deck, and a 200 square foot "Pai Pai" - a thatched bamboo trellis - offers filtered shade. An outdoor stainless barbeque grill rounds out the outdoor space as an ideal spot for outdoor entertaining.

"Presenting a new and fully-furnished residence that has never been offered for sale, this auction is a tremendous opportunity for anyone searching for a premier Island lifestyle," stated Broker Carrie Nicholson of Kuki'o Properties. "Kuki'o is an exclusive community in one of the most sought after destinations in the world, thanks to its unsurpassed private, luxurious amenities and lifestyle. Following our successful partnership in selling four Kuki'o properties with Concierge Auctions in January, we are excited to again work with their team and to find the ideal owner for this residence."

Kona, which means "leeward" in Hawaiian, for its location along the sunny west coast of Hawaii's Big Island, enjoys more than 300 days of sunshine a year. Warm year-round and embraced by the balmy, sweet-scented Pacific Ocean trade winds, Kona is famous for sportfishing, snorkeling, gorgeous sunsets and its unrivaled Kona coffee.

The auction of will be held on Friday, September 3 at 11 a.m. HDT. No minimum bid is required to participate. See Auction Terms and Conditions for full details. Attendance will be limited to registered bidders and their representatives. A buyer's broker commission of 3% is offered on the high bid. The property is available daily for preview between 1 and 4 p.m., and by appointment. For more information visit www.KukioLuxuryAuction.com or call 877-217-2001.

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 Kuki'o: Kuki'o is the only private equity Golf and Beach Club on the Big Island of Hawaii. The Beach Club includes a full service Member's Clubhouse, extensive spa and fitness facilities, dining pavilion, beach bar, a 10-hole Tom Fazio-designed short course, and Kuki'o's signature Outdoor Pursuits Ocean Sports program. Upslope from the short course is Kuki'o's 18-hole Tom Fazio-designed championship golf course, featuring dramatic panoramic views of the coastlines. The Kuki'o Golf Clubhouse includes an open air bar, dining pavilion, full size men's and women's locker rooms, and Golf shop. The amenities at Kuki'o blend with the island's natural physical features to create a truly unique environment. Nearby bays - Uluweuweu and Kua - enhance this dramatic setting, and adjacent Kikaua Point Beach Park includes two pristine white sand beaches - an ideal location for swimming and a variety of ocean sports activities.

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SOURCE: Concierge Auctions

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

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