Grand Estates Auction CO. Offers Parade of Distinctive Homes in June

‘Absolute’ auctions of seaside and mountainside estatesplanned in Carolinas and Colorado

CHARLESTON, SC – May 19, 2010  – From the mountains to the sea, GrandEstates Auction Co. is offering seven distinctive homes in June at“absolute” auctions, where no set starting bid or minimum reserveimmediately establishes the true market value and assures a prompt salethat benefits both buyer and seller.

Grand Estates, America’s top luxury real estate auction firm, will offerrare retreats near Charleston, S.C., on Tuesday, June 8, including the12-acre Wadmalaw Estate and four beachfront condominiums featuringrooftop terraces and private courtyards. On Tuesday, June 15, thefeatured properties include a 20-acre mountaintop estate near Boone,N.C., and a five-bedroom, seven-bathroom log home built into thefoothills of Conifer, Colo., 15 miles southwest of Denver.

Grand Estates’ auctions have an 11-year track record of quickly sellingmulti-million-dollar homes that previously languished on the market withconventional sales-listing methods.  In May, Grand Estates sold theBuckhead penthouse of former Coca-Cola Enterprises CEO John R. Alm in alively auction that attracted more than 350 inquiries and 65 familieswho previewed the property. In April, Grand Estates sold a five-bedroomestate in the Sullivan’s Island section of Charleston, S.C., in anabsolute auction after it had been listed with two real estate firms forfour years without receiving a single offer.

At 11 a.m. on June 8, the four newly constructed luxury condos, allfeaturing spacious 3,000 square-foot interiors with four bedroom suiteseach with its own private bathroom, will be auctioned in Folly Beach,just 15 minutes from downtown Charleston (pictured below).These units offer sweepingAtlantic Ocean views from every floor, topped by rooftop terracesreached by spiral staircases from the private courtyards.

The second June 8 auction, at 2 p.m., will feature the Wadmalaw Estate (picturedbelow), one of the most exclusive residences in the Charlestonarea. Thecustom-designed, meticulously manicured property is staged among fiveseparate buildings, including a 6,800-square-foot main residence, garagespace for nine cars, a guest cottage, staff quarters and aclimate-controlled greenhouse.  The property offers 900 feet ofdeep-water frontage on the Bohicket River, a 700-foot oversize boardwalkalong the riverfront and a boat dock that includes a covered lift,floating dock and two jet ski floats. 

Both the Conifer, Colo., and Boone, N.C., mountain retreats will beauctioned at 2 p.m. on June 15. Built in 2009, the Conifer home has9,000-plus square feet, five bedrooms, seven bathrooms – and its ownnaturally built backyard rock climbing wall. It includes two additionallots over 25 acres. The Boone property is situated on 20-plus acres atopa private ridge, with four bedrooms, three full and three half baths ina 7,200-plus-square-foot home with an additional 2,000-plus square feetof surrounding patios and porches.

Understanding that casting the widest net will attract the mostqualified bidders, Grand Estates’ 20-person team utilizes its broadexperience in marketing luxury real estate to produce attention-grabbingmarketing materials and advertising in national and internationalhigh-end publications. “The system developed by Grand Estates offers anexclusive experience similar to auctioning fine art,” said Stacy Kirk,president of Grand Estates, with offices in Atlanta, Charlotte, Dallas,La Jolla, Calif., Naples, Fla., and Vail, Colo.  “Themulti-million-dollar property buyer is very specific in what they’reseeking, and we understand this market better than anyone.”

Grand Estates

GrandEstates auctions are open only to registeredbidders, who are required to submit a refundable cashier’s or certifiedcheck prior to the auction. Prospective bidders and sellers shouldcontact Grand Estates Auction Co. at 800 552-8120 or 704 529-0026 forbid registration requirements and to inquire about the showing schedulebefore the auctions.  For more information, see www.GrandEstatesAuction.com