LAGUNA BEACH, Calif., Oct. 28, 2016 /PRNewswire/ -- After announcing the $6.215 million-dollar closing of a ranch in northern California, Miami-based luxury real estate auction firm Platinum Luxury Auctions has announced yet another luxury auction® in southern California's Orange County. On November 18th, 2016, a hilltop estate in Laguna Beach will be sold at a live auction to the bidder who puts forth the highest price at or above the auction's reserve bid of $2 million. The residence was previously listed for $7 million. Listing agent John Stanaland of Hôm Sotheby's International Realty is cooperating with Platinum as the broker or record for the sale.
Platinum specializes in the non-distressed, auction sale of multimillion-dollar properties on behalf of their wealthy owners, who have often been unsuccessful in selling their home using the traditional brokerage process. The firm conducts approximately 90% of its business in the United States, with the balance in foreign markets such as the Caribbean, Canada and Mexico.
"With the exception of one transaction in mid-2013, we have sold and closed every property we've handled in California, so we really enjoy the opportunity to represent clients and properties there," stated Trayor Lesnock, founder and president of Platinum. "We've certainly seen consistency in the global appetite for luxurious California properties."
With unobstructed views of the Pacific Ocean from its elevated, hilltop location, the property is an excellent choice for those who prefer life with a water view. The main and upper living levels offer oversized, ocean view terraces, while the lowermost level features a walk-out loggia with fireplace, summer kitchen, water features, and a custom pool and spa with rock waterfall.
"It's easy to envision yourself relaxing in the pool or spa with a nice glass of wine while enjoying a front row seat to Laguna's golden sunsets," said Kevin Vaughan, Platinum's project manager for the transaction. "And with the property's elevated location and its setback from the beach, the homeowner is afforded a charming view of Laguna below."
Custom built in 1996 and meticulously maintained, the estate offers elegant finishes and a bright, contemporary design. Three living levels sum to a very manageable 7,200 square feet of interiors, with seven bedrooms and 5 baths. Prominent features include a gourmet kitchen, formal dining, billiards room, home theater, music room, a dual-sided, saltwater fish tank, fitness room with sauna, and an elevator servicing all levels. There are also multiple fireplaces throughout the residence, in addition to a number of wet bars/kitchenettes.
The estate is available for open house previews between the hours of 12 and 4pm PDT daily, until the auction. Additional information is available at LagunaBeachLuxuryAuction.com, or by calling 800.678.8445.
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 $520 million in luxury real estate auction sales to date, while consulting on more than $1.85 billion in additional luxury properties worldwide. The firm is responsible for developing the luxury auction® model for high-priced real estate auctions.
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SOURCE Platinum Luxury Auctions LLC