WELLINGTON, Fla., Jan. 28, 2014 /PRNewswire/ -- As the annual Winter Equestrian Festival (WEF) is in full swing in Wellington, Florida, a 15-acre equestrian estate known as Wild Orchid Stables is scheduled for a live auction sale on March 1, 2014. The sale is an extension of the originally planned auction of the multi-million-dollar property in December 2013. Although a $3.4 million offer was received prior to the first auction date, the seller elected to extend and re-launch the auction in 2014, in order to accommodate several qualified buyers who were not able to arrive in Florida until the 2014 WEF season. The sale is being managed by Platinum Luxury Auctions, a national market-leader in the auction sale of high-priced properties.
Although previously listed for sale for as much as $6.5 million, the estate will now be sold to the highest bidder above the auction's reserve price of $2.75 million. In preparation for the WEF audience, the seller renovated one of the estate's outbuildings to create a brand new barn, in addition to clearing five of the property's 15 acres that had previously been densely forested. "The seller has done an amazing job of creating a luxurious barn and a beautifully cleared lot in time for the auction," noted Trayor Lesnock, Platinum's president and founder. "The property is more impressive than ever before. A true equestrian enthusiast will immediately recognize the exceptional value-add of these new upgrades."
Built and owned by a professional contractor, the 6,450 square foot, 5 bedroom and 6.5 bath estate also includes a separate guesthouse, resort-style pool with waterfall, waterslide, wet bar and hot tub grotto, an oversized custom car garage, exotic wood built-ins, stone fireplaces, marble flooring, a 200-foot by 100-foot riding arena, six paddocks, and a stocked fountain pond.
Interested parties can visit WildOrchidLuxuryAuction.com for comprehensive property and auction details. Additional information is also available by contacting a Platinum representative at 800-262-5132.
About Platinum Luxury Auctions
Platinum Luxury Auctions is a nationally prominent auction firm headquartered in Miami, specializing in the non-distressed sale of multi-million-dollar properties. The firm's principals have closed more than $325 million in luxury real estate auction sales, and have consulted on nearly $1.25 billion in additional luxury properties. In 2013, Platinum successfully managed the sale of three other multi-million-dollar equestrian properties located in markets ranging from Florida to California.
SOURCE Platinum Luxury Auctions