MIAMI, March 31, 2016 /PRNewswire/ -- Following on the momentum of a flawless series of auctions - selling three-of-three luxury homes in southern California's San Diego County - Platinum Luxury Auctions has ventured south of the border into Mexico's California Baja Sur, with the announcement of a luxury real estate auction planned for April 30, 2016 in Cabo San Lucas. The auction will feature a tri-level mansion located in Cabo's desirable Pedregal community. Although the residence was recently offered for a price of $10 million, it will now be sold to the highest bidder who meets or exceeds a reserve price of only $5 million.
Although this marks Platinum's first transaction in Mexico, the firm's members have closed more than $450 million in non-distressed, luxury real estate auction sales to date, including a number of record-setting sales for properties located outside of the United States. The auction sale will be held in cooperation with Snell Real Estate, an Engel and Völkers affiliate serving as the listing brokerage of record. Sales associate Cindy Stanford is representing Snell in the transaction.
"Although our business has taken us to many luxurious, coastal enclaves, we're very impressed with the overall Cabo San Lucas marketplace," stated Trayor Lesnock, Platinum's founder and president. "While we often find that many of these coastal retreats located outside of the U.S. lack the infrastructure that is needed to make longer-term visits or property ownership attractive, Cabo actually has a robust economic ecosystem that offers nearly all of the everyday creature comforts on which many wealthy individuals rely. This makes Cabo ideal for long-term investors and those who want to own property there."
The property, named Villa Searfoss by its original and only owner, is perched near the top of one of Pedregal's tallest hills, allowing for inspiring vistas of the crystal blue skies and Pacific Ocean, in addition to panoramic views of Cabo's mesmerizing sunsets, which turn the sky into a canvas of rich pinks, oranges, reds, and purples. The elevated location also offers a beautiful, bird's-eye view of lower Pedregal and its beaches.
The tri-level estate was built to a "commercial-grade" standard, with a structure that is nearly entirely concrete. In total, Villa Searfoss offers more than 17,800 sq. ft. of constructed area, with 11,571 sq. ft. of interior space and more than 5,400 sq. ft. of terraces and balconies. The 788-sq. ft. pool deck includes a fire pit lounge, spa, and an infinity-edge pool that appears to flow right into the Pacific's waters.
With 10 bedrooms - including a 2,000-sq. ft. master suite and a "junior master" suite on the lower living level - there is plenty of room for large families, friends, or corporate retreats. Two of the guest bedrooms are part of self-contained apartments that can be accessed separately from the main house. Each apartment features a dedicated family room and kitchen, making them ideal for live-in staff or long-term guests. There are 11 full and 1 half baths in total.
Additional features of the residence include a gourmet kitchen and grand salon which open to the vast pool deck, a large entertainment lounge, a covered terrace outfitted with multiple hammocks, and a 4-vehicle garage. The owner also invested in special details such as whole-house water filtration with UV purification, and a custom designed, high-volume plumbing system that insures that high-pressure, heated water flows throughout the estate at all times.
The gated, ocean-side community of Pedregal de Cabo San Lucas (often simply called "Pedregal") has long been considered one of the finest residential enclaves in the Baja California Sur. While there are a number of condominiums and smaller villas in Pedregal, the community is perhaps best known for the unique architecture and design of the very large estates located there. In fact, a number of these properties have been featured in leading publications such as Architectural Digest, Forbes, and Distinctive Homes.
Notable community amenities include a dedicated beach area, stationed guard gate with 24-hour security patrol, 250,000-gallon water desalinization plant, spa/health club, tennis club, children's playground/park, and a private, bilingual school offering instruction in grades K-12.
For many years, wealthy individuals with part-time (or full-time) residences in the Los Cabos area - which includes both Cabo San Lucas and the San José del Cabo area - have considered the location a best-kept secret. Although located immediately south of the state of California, the Baja California Sur follows Mountain Time, making the area much more appealing for those coming from the middle and eastern United States. Cabo's perpetually sunny weather is tempered with low humidity and cooling ocean breezes along its coast, making the area's many outdoor activities enjoyable year-round.
Property previews commence April 7, 2016, and continue daily between the hours of 12:00 and 5:00 p.m. (MDT) until the auction date. Interested parties may contact Platinum Luxury Auctions at 800.913.1596 or visit CaboLuxuryAuction.com.
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 $450 million in luxury real estate auction sales to date, while consulting on more than $1.5 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