ALBANY, N.Y., March 10, 2016 /PRNewswire/ -- Platinum Luxury Auctions, a veteran real estate auction firm headquartered in Miami, Florida, is managing the auction of a 25,000-square-foot estate within Meadowbrook Estates - an exclusive residential community in the historic and cultural city of Saratoga Springs, New York. Set for a live auction on March 19, 2016, the sprawling estate, which was developed at a total cost of nearly $11 Million, will now be sold at or above the auction's reserve price of only $3.995 Million. The auction's marketing and sales effort is being conducted in cooperation with the property's listing agent, Gerry Magoolaghan of Select Sotheby's International Realty.
Situated on more than 8 manicured acres, the residence includes 5 bedrooms, 6 full and 5 half bathrooms, and is located within minutes of the Saratoga National Golf Course and the world famous Saratoga Race Track.
The tri-level home, built by its current owner as a primary residence for his family, offers features such as a grand foyer with winding double staircases, Adirondack-style great room with adjacent gourmet and catering kitchens, mahogany-paneled formal dining, and oversized bedrooms with en-suite baths.
In addition to perhaps what could be considered "standard" features for a large, luxury home in Saratoga, the estate also offers a collection of more unique and impressive amenities, such as a professional-grade, indoor basketball court; a fitness center with sauna; an entertainment parlor complete with a billiards table, one-lane bowling alley, various table-top games, and a full kitchen and bar; and an indoor pool with adjacent wet bar. The grounds also feature an outdoor pool and spa tub, an oversized pool deck and lounge area, and a tennis court.
The property also features an 8-car garage, and a separate guesthouse, which offers an additional 2 bedrooms, 2 full baths, and approximately 1,200 square feet of living space.
"Saratoga Springs is such a unique marketplace, offering much more than just the high-energy horse races for which it's mostly known today," stated Trayor Lesnock, Platinum's president and founder. "It's rich history - both in character and literally speaking, given the amount of wealth that has always gravitated there - is balanced by a fun and modern side that anyone can appreciate."
Property previews are currently underway, and will continue from 12 - 4pm (EST) daily until auction day. Interested parties may contact Platinum Luxury Auctions at 800.298.5694 or visit SaratogaLuxuryAuction.com to obtain an auction bidder's brochure.
About Platinum Luxury Auctions
Platinum Luxury Auctions is a market-leading auction firm specializing in the non-distressed sale of multimillion-dollar properties within and beyond the United States. While being dedicated to a quality-over-quantity approach, the Platinum team has closed more than $445 million in luxury real estate auction sales, and has consulted on more than $1.5 billion in additional luxury properties worldwide. Platinum is responsible for developing the luxury auctionSM model for the sale of luxury real estate at auction.
SOURCE Platinum Luxury Auctions