PHOENIX, March 27, 2013 /PRNewswire/ -- Vaunted auction firm Platinum Luxury Auctions continues to expand its operations throughout the country as it adds Arizona to its roster of luxury auction destinations in 2013. Platinum is coming off of dramatic sales successes in Palm Beach County, Florida and in Colorado's Aspen-Snowmass market earlier this year.
On April 20th, 2013, Platinum will offer an impressive, Tuscan-styled residence located in Glendale, Arizona to the highest bidder. The auction will be conducted without a reserve and the property will sell to the highest bidder regardless of the price. Denisa Kaporalis of Prestige Realty in Glendale is the listing broker for the sale. Platinum is performing luxury auction services for the transaction.
The property is owned by a private corporation, which selected Platinum to conduct the sale after interviewing several auction providers. The residence was custom-built at a cost of nearly $4 million, but failed to find a buyer using traditional marketing methods.
With more than 8,400 square feet of interior living space and 14-foot ceilings throughout, the property exudes grandeur. There are 5 bedrooms and 5 full baths, all featuring top-of-the-line finishes and built-ins, as well as custom furnishings.
In addition to what may be considered its "standard" luxury home features, the estate also has a few surprises, including hidden televisions within many of the mirrors, a Victorian-style home theater with 15-foot movie screen and 12 reclining seats, a home gym and sauna, and an indoor basketball half-court which doubles as a 10-car garage.
"This estate is sure to impress the buyer who demands quality construction and modern features," stated Trayor Lesnock, Platinum's president. "And who likes to have fun," he added.
Equally impressive are the property's outdoor living spaces, which could be mistaken for a luxury resort. The interior courtyard offers a manicured lawn, heated pool and spa with waterfall and fire features, a summer kitchen and custom lighting. A portion of the roof has also been designed as a 1,700-square-foot sky terrace.
These exotic features fit quite well with the significant number of sports and entertainment personalities – including pro athletes – who frequent the area. The property is located within only several miles of the University of Phoenix Stadium, home to the NFL's Arizona Cardinals (and soon to be a two-time host to the Super Bowl). Next to the stadium are the Jobing.com Arena and the Westgate City Center, a massive entertainment complex that is packed with dozens of retail, shopping and dining options.
The number of significant events hosted at these nearby locations has also made the property an excellent generator of income from short-term luxury rentals. "We recently had 93 luxury rental inquiries within one week of posting the property on a very basic rental website," stated the property's representative.
Beginning April 6th, the property will be open daily for previews from 12-6pm, until auction day. Those seeking more information about the auction may contact Platinum Luxury Auctions at 1.800.262.5132, or visit AZMansionAuction.com.
SOURCE Platinum Luxury Auctions