KAUAI, Hawaii, June 23, 2016 /PRNewswire/ -- Platinum Luxury Auctions has announced an upcoming, luxury real estate auction on the island of Kauai, Hawaii's "Garden Isle." Located in the community of Princeville on the island's North Shore, the property was recently asking $9 million, but will now be sold to the highest bidder who meets or exceeds a bid of only $3 million at auction. In 2015, the home was awarded HGTV's "Favorite Backyard Retreat," as part of the popular television network's Ultimate House Hunt contest. The live auction sale will be held at the property site on July 23rd.
After a lengthy listing period with no viable offers, the property's owners retained Platinum in order to achieve a more expeditious sale of the home. The auction marks Platinum's first offering in Hawaii, and represents one of six high-priced property auctions the firm has scheduled for July and August, as it nears the $500 million mark in luxury real estate auction sales. Platinum is managing the sale in cooperation with Kauai's leading real estate firm, Hawai'i Life Real Estate Brokers. Listing agents Ben Wellborn and Tiffany Spencer are representing Hawai'i Life in the transaction.
"The Hawai'i Life team has certainly been involved in its fair share of real estate auctions, and we're pleased to be joining forces with two of their top agents for this exciting opportunity on Kauai's North Shore," noted David Ashcroft, Platinum's director of business development. "The depth of natural beauty surrounding this property and the lifestyle associated with Kauai real estate ownership are opportunities that we're pleased to present to our international audience of wealthy buyers."
The property sits on a pristine and secluded parcel of more than 1.5 acres in size. It's elevated location allows for panoramic views of Kauai's coveted Hanalei Bay, in addition to an awe-inspiring landscape of natural waterfalls, verdant mountains, sublime sunsets, and rather frequent rainbows. These views, combined with the property's impressive main lanai - which includes a 50-foot saltwater pool and spa, a resort-style waterfall and grotto, multiple fire pits, and an outdoor kitchen - that earned the estate the HGTV award.
Built in 2011, the property is comprised of a main residence and a separate guesthouse. In total, there is more than 5,700 square feet of living space, with 4 bedrooms, 4 full and 2 half baths, in addition to 2 outdoor showers. Interiors are luxurious yet relaxed, and feature materials that were sourced from around the world, including hand-hewn wooden flooring, Indonesian granite, Brazilian mahogany, and Italian stone. Additional amenities include state-of-the-art technology such as an indoor/outdoor wireless audio system, remote controlled sunshades, and Lutron "graphic eye" custom lighting. A beautiful Koi pond located within the main foyer, and a wall of sliding glass doors that open the interiors to the sprawling lanai, emphasize the residence's harmony with its natural surroundings.
As the oldest of the volcanic islands in the Hawaiian archipelago, Kauai earned its "Garden Isle" nickname due to the immense beauty of its emerald green landscapes. From the misty peaks of Kawaikini to the depths of Waimea Canyon, the 6 million-year-old island's natural beauty can seem almost otherworldly. It's for this reason that Kauai has served as a filming location for big budget Hollywood pictures that wish to capture the island's exotic essence, such as the 1993 blockbuster Jurassic Park.
Property previews begin June 27, and will be held daily from 12 to 4 p.m. HST, until auction day. Interested parties may contact Platinum Luxury Auctions at 800.530.9026 or visit HILuxuryAuction.com for additional details and downloadable materials.
About Platinum Luxury Auctions
Platinum Luxury Auctions specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. The Platinum team has closed more than $480 million in luxury real estate auction sales to date, while consulting on more than $1.75 billion in additional luxury properties worldwide. The firm is responsible for developing the luxury auctionSM model for high-priced real estate auctions.
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SOURCE Platinum Luxury Auctions LLC