Concierge Auctions To Sell 1.7-Acre Estate On Lake Burton, Owned And Developed By University Of Alabama Head Football Coach Nick Saban And Luxury Home Developer Jim Suddes, On June 27th

CLAYTON, Ga., June 7, 2013 /PRNewswire/ -- New York City-based Concierge Auctions announced that the auction of The Pointe — a waterfront estate on Lake Burton, nestled in North Georgia's Appalachian Mountains — will occur on Thursday, June 27th, three weeks later than the originally scheduled date.

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"There was a surge of late interest on the property, including a pre-auction offer from one of the bidders, which required consideration, and it became clear that allowing everyone ample time to perform their diligence was the right thing to do," stated Mike Russo, Chief Operating Officer for Concierge Auctions. "We already have registrations in hand from multiple well-qualified bidders, so at this point it's simply a question of how much the property will sell for."

"The adjusted date will give all potential buyers more time to visit and experience the home. We look forward to announcing the new owner on June 27th," stated Jim Suddes, seller and 16-year Lake Burton resident.

Developed with the shared vision of University of Alabama head football coach Nick Saban and luxury home developer Jim Suddes, The Pointe carries on the legacy of the land while marrying it to their vision of tasteful living. Originally listed for $10.95 million, the six-bedroom, nine-bathroom home will be sold in cooperation with 27-year Lake Burton resident and listing agent Julie Barnett of Harry Norman, Realtors^® Luxury Lake and Mountain, an exclusive affiliate of Christie's International Real Estate. 

Located at 112 Whipporwill Lane in Clayton, Georgia, The Pointe is situated on one of Lake Burton's most prime lots. Built with natural local stone, reclaimed timber beams and heart pine and Pennsylvania Bluestone flooring, the 9,600-square-foot estate offers unparalleled quality, innovation and meticulous attention to detail. Outside, the property features a custom boat house with a swimming dock and an authentic, Cape Cod-style stone lighthouse, which showcases amazing 270-degree lake and mountain views.

"My family and I own another home on the lake, which we have enjoyed for 12 years, so I was excited when this very special lot came available to develop with Jim [Suddes]," stated Saban. "Lake Burton is our favorite getaway. It's a beautiful, hidden gem, where we find great peace and seclusion."

Lake Burton is immediately accessible from Heaven's Landing private airport in Clayton, GA (only 15 minutes from The Pointe) and is only 30 minutes from Highlands, NC; less than two hours from Atlanta, GA, Greenville, SC, and Asheville, NC; three hours from Knoxville and Chattanooga, TN; four hours from Charlotte, NC; and five hours from Nashville, TN.

The auction of The Pointe on Lake Burton will be conducted live on June 27th. A 2% commission is offered to the buyer's representing broker. The property is open for preview daily from 1 to 4pm by appointment. See Auction Terms and Conditions for full details. For more information, visit LakeBurtonAuction.com, call 877.636.7517 or join the online social discussion at #LakeBurtonAuction.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 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 ConciergeAuctions.com.

SOURCE Concierge Auctions