Concierge Auctions Places Premier Island Residence & Lot in Kauai, Hawaii Under Contract Prior to Auction

Global exposure generates over 200 showings and a sale before the auction date

PRNewswire
KAUAI, Hawaii
Aug 24, 2010

Pueo Point, a premier ocean bluff residence and adjacent lot located in prestigious Anini Vista on the North Shore of Kauai, was placed under contract prior to the scheduled auction date of August 23, NYC-based Concierge Auctions has announced. Conducted in cooperation with Neal Norman of Koa Properties, the auction's marketing and sales efforts generated over 200 showings and 128 qualified buyer prospects in less than six weeks. The transactions mark 11 successful sales of luxury Hawaiian properties by Concierge Auctions in less than one year, totaling nearly $40 million.

"Our selling clients were committed to ensuring Pueo Point would be the next estate to sell on Kauai, and we were pleased to help accomplish their goals," stated George Graham, CEO of Concierge Auctions. "The absolute format of this auction, coupled with the impeccable quality and location of the property, generated significant interest from a number of A-list celebrities, CEOs, entrepreneurs, and other qualified parties. It was a testament to the power of our process - present a premier asset, set a deadline, and force buyers to act. Ultimately, this buyer stepped forward with an offer that was so compelling the seller decided to cancel the auction and go straight to contract."

"I was very pleased with the ability of Concierge Auctions and Koa Properties to attract qualified bidders, even in these fragile economic times," stated owner and real estate investor Michele Hughes, of the Michele Hughes Company. "We decided to accept this offer due to the quality of the buyer and his interest in purchasing both parcels. Our vision when developing Pueo Point was to respect the natural surroundings and mirror them with a casual living environment, which I am pleased will now enrich the lives of its new owners."

Pueo Point consists of a three bedroom, three bathroom designer-appointed residence, perfectly situated on 1.32 acres, and an 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 Concierge Auctions team is extremely professional and skilled," stated Norman. "After working alongside them on the successful auction of two Kealia Kai properties in March, I was excited to partner again on this sale. I will certainly continue to recommend the Concierge Auctions process to other luxury real estate owners who seek to sell their properties within a predetermined timeframe."

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. The company's innovative auction platform offers a 60-day disposition solution from engagement to closing. For more information about Concierge Auctions and its services please call 888-966-4759 or visit www.ConciergeAuctions.com.

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.

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SOURCE: Concierge Auctions

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

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


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