2014

Concierge Auctions Announces The December 20th Auctions Of Two Premier Vegas Properties: The World-Class Tom Ford Ranch And A 55th Floor Penthouse At The Palms Casino Resort Each property will sell without reserve to the highest bidder during a live auction in cooperation with Synergy Sotheby's International Realty

LAS VEGAS, Dec. 4, 2013 /PRNewswire/ -- New York City-based Concierge Auctions is pleased to announce the auctions without reserve of two luxury Vegas estates: The Tom Ford Ranch and Penthouse 55302 at the Palms Casino Resort. Previously offered for $6.9 million, the ranch is an 11-acre world-class championship equestrian estate with multiple residences only 10 minutes to the Strip. Originally offered for $4.4 million, the penthouse features a wrap-around balcony overlooking Vegas, and all the amenities of the Palms Casino Resort including Inner Circle VIP access to exclusive events. Each property will sell to the highest bidder in cooperation with Dale Thornburg of Synergy Sotheby's International Realty.

(Photo: http://photos.prnewswire.com/prnh/20131204/NY27794 )

"We are excited to present not just one, but two incredible Vegas purchase opportunities," stated Laura Brady, Managing Director of Concierge Auctions. "Our client is committed to selling these properties by the end of the year, and we will make that happen by offering them to the highest bidders in a live, transparent forum."

Originally designed and constructed by Tom Ford, owner of Ford Contracting who built famed Vegas sites such as the Luxor, Caesar's Palace, and the Venetian, the 11-acre Tom Ford Ranch offers countless luxury amenities. The property includes five legal parcels, a 9,000-square foot main residence, a guest house, trainer home, staff home, and world-class equestrian facilities including three barns, 19 indoor/outdoor stalls, five pens, an arena, a wash bay, a breeding facility, seven wells and a half-mile exercise lane.

"This is a truly unique and beautiful equestrian estate, equipped with all possible modern amenities," stated the seller, John Munson. "This slice of paradise offers the best of both worlds — only ten minutes from the fabulous Las Vegas strip, yet with full privacy complete with waterfalls, lush landscape, green pastures and a sprawling eleven acres of space."

"To assemble this much property, this close to the Las Vegas Strip, is something that would not be possible to create again," stated Thornburg. "A world class equestrian estate built to exacting specifications is a once-in-a-lifetime opportunity for an equestrian respite."

In addition to the Tom Ford Ranch, Concierge Auctions is excited to also be selling Penthouse 55302 at the Palms Casino Resort. This impressive 55th floor residence offers 3,905 square feet with three bedrooms, three bathrooms, a wrap-around deck, floor-to-ceiling sliding glass walls and a signature clear view spa with full views of the Strip — all only an elevator away from the casino and some of the most exclusive VIP events in town.

The Palms Place Resort Condominiums are located east of the Palms hotel towers, connected to the Palms by a beautiful glass-enclosed, elevated moving walkway, permitting residents constant admittance to the amenities at the Palms Casino Resort. This 50-story hotel features 599 condos with an exclusive, gated entryway, a 50,000-square-foot pool and spa, and valet parking.

"As the previous Director of Sales for City Center and Regional Sales Manager for Turnberry Place, I have seen just about all of the finest condos in Las Vegas. In terms of views and lifestyle, this has got to be rated in the very top 1% of all high rise condos in Las Vegas," stated Thornburg.

"The view from this penthouse is the best Vegas has to offer, taking in the entire sweeping Strip and panoramic mountain views from all of the bedrooms. And conveniently, it's only a two-minute drive to the Strip," stated Munson. "Within walking distance are the casinos, various restaurants, including the highly acclaimed N9Ne Steak House and Simons, gaming, lounges, night clubs and relaxing pools. It's an over-the-top Vegas experience."

The auctions of The Tom Ford Ranch, located at 3910 East Russell Road, and Penthouse 55302, located at 4391 W Flamingo Road, will be held live on December 20th. 2.5% commissions are offered to the buyers' representing brokers. The Tom Ford Ranch will be open for preview daily from 1pm to 4pm and by appointment. Penthouse 55302 will be open for preview daily from 5pm to 8pm by appointment. See Auction Terms and Conditions for full details.

For more information, call 877.514.7123 or visit VegasLuxuryAuction.com. Join the social discussions at #TomFordRanch and #PalmsAuction.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $500 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions



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