Impeccable Island Residence & Adjacent Lot in Kauai, Hawaii Now Selling Absolute

Each Selling to the Highest Bidder Regardless of Price at a Live Auction on August 23

PRNewswire
KAUAI, Hawaii
Aug 12, 2010

The live, on-site auction of Pueo Point, a premier ocean bluff residence and adjacent lot located in prestigious Anini Vista on the North Shore of Kauai, will commence absolute on August 23, meaning each property will sell to the highest bidder regardless of price, Concierge Auctions has announced. The auction will consist of two bidding segments, one for the main residence, perfectly situated on 1.32 acres, and one for the adjacent 1.67-acre lot. The parcels combined have a 2/3 undivided interest in an additional four acres of perfectly manicured common area with easy access to Anini Beach below. The residence is currently listed for $9.8 million, and the lot is currently listed for $3.67 million. The sale is being conducted in cooperation with Neal Norman of Koa Properties.

"When initially researching creative marketing strategies to sell Pueo Point, I became familiar with various auction methods," stated owner and real estate investor, Michele Hughes. "I am a firm believer in risk/return. Our team's strategy to implement an absolute approach reflects the confidence we have that these gorgeous properties will attract those special buyers who recognize their quality and value. This auction presents an unprecedented opportunity to own a trophy property on Kauai's coveted north shore. The highest bidders on August 23rd will set market value, and we are convinced the results will be a 'win-win' for everyone."

"Ms. Hughes is committed to ensuring these properties sell at auction, which has created a once-in-a-lifetime chance for any buyers searching for exclusive Kauai real estate to become involved," stated George Graham, CEO of Concierge Auctions.

"With a 2.5% buyer's broker commission offered, all area brokers should be calling their clients to let them in on this unique opportunity," stated Norman.

The Pueo Point auction will be held live, on-site, on Monday, August 23 at 11 a.m. Proxy bidding is available. View Auction Terms and Conditions for details. The properties are open for preview daily from 1 p.m. to 4 p.m. and by appointment. For more information visit www.AniniVistaAuction.com or call 866-822-0865.

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 10,000 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 Koa Properties: Koa Properties, led by Principal Broker and Founder Neal Norman, is the leading real estate firm on Kauai, Hawaii. The firm represents the finest properties on Kauai. Neal has put his energy into developing meaningful and strong relationships with Kauai's county officials, architects, contractors, building trades. These relationships are a true advantage for buyers and sellers. Neal has continually been one of Kauai's top producers and most requested agents for more than 20 years. His unparalleled knowledge of Kauai's properties and land combined with his hard work and determination has earned him and his company the top position in Kauai's growing real estate market. For more information visit www.KoaKauai.com.

About The Michele Hughes Company: The Michele Hughes Company is a boutique, vertically-integrated real estate investment firm specializing in land acquisition, custom home building and interior design. With offices in San Francisco and Kauai, the company has made investments in some of the most exquisite locations in the world. The company's mission is to foster a respect for the natural environment first and then with respect and sensitivity to time, place, history and environment, add value to nature's palette. Current and past projects include the construction and/or remodel of several luxury estates in Aspen, Colorado, San Francisco, California, large land acquisition and new home construction on Kauai, Hawaii and a penthouse development near Cabo San Lucas, Mexico. Pueo Point on Kauai's north shore, which will be auctioned on August 23, is a quintessential expression of Michele's passion for quality and beauty integrated in a spectacular natural setting. For more information, contact Michele Hughes at www.SecretBeachKauai.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/