Concierge Auctions announces June 19th auction without reserve of Philadelphia Main Line estate

Striking Honeystone residence on 2.7 acres to sell in cooperation with Kurfiss Sotheby's International Realty

May 14, 2014, 18:03 ET from Concierge Auctions

PHILADELPHIA, May 14, 2014 /PRNewswire/ -- New York-based high-end property auction house Concierge Auctions has announced that on June 19th the prestigious Honeystone estate along Philadelphia's Main Line will sell to the highest bidder without reserve. The 12,800-square-foot residence on 2.7 acres cost over $10 million to construct and will be sold in cooperation with David Harrington and Susan Ravenscroft of Kurfiss Sotheby's International Realty.

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Designed by F. L. Bissinger, built by E. B. Mahoney, and landscaped by Gale Nurseries, Honeystone is an enchanting 20th century masterpiece. The residence features fine architectural details rarely seen in post-World War II construction, including hand-cut Pennsylvania granite and limestone, five gas-lit fireplaces of marble, wood and brick, and windows perfectly situated to maximize sun exposure and afford views of the gardens. Outdoor enjoyment is a pleasure, with a heated pool and spa and pool house with grill, full kitchen, changing room and bathroom.

"This property has quite a history, as it was originally owned by the Schmidt family of Schmidt's Beer of Philadelphia, and was then owned by Ed Snider, chairman of Comcast Spectacor, which owns the Philadelphia Flyers," stated the seller, Alvin Clemens. "When we were searching for a site to build, location and quality of life were key factors. We fell in love the first time we saw the property and then designed the home with family and entertaining in mind."

Located at 500 Huston Road in Wayne, Pennsylvania, a pillar of Radnor Township, the property is only 45 minutes from downtown Philadelphia and 25 minutes from PHL. Ideally situated on the Main Line, amid a collection of highly affluent Philadelphia suburbs, the area beams with acclaimed golf courses, reputable schools, and of course the unmatched arts, culture and history of Philadelphia.

Donald Pearson, Chairman of Kurfiss Sotheby's International Realty, spoke about the value this auction will bring to both the buyer and the seller: "It's our fiduciary responsibility to optimize the buyer pool, and by further leveraging our marketing platform with Concierge, it will help accomplish our client's goal of a timely sale."

"Our firm represents fine properties around the world, and of all the properties we see, the taste and finish level of Honeystone are at the top of the bar," stated Concierge Auctions founder and president, Laura Brady. "The sellers have chosen the truest form of auction — without reserve — and are allowing the market to purely identify the value. Following our 2013 auction of Abrahams Manor in Villanova, we look forward to another Philadelphia area success."

The auction of Honeystone, located at 500 Huston Road in Wayne, Pennsylvania, will be conducted live on June 19th. A 2.5% commission is offered to the buyer's representing broker. The property is open for preview daily from 2-4pm by appointment. See Auction Terms and Conditions for full details. For more information, call 212.257.4927.

About Concierge Auctions

Concierge Auctions is a New York City-based luxury real estate auction firm founded in 2008. Concierge Auctions serves high-net-worth individuals internationally through an accelerated marketing process that obtains fair market value for high-end properties. The firm executes auctions typically valued between $2.5 million and $20 million.

This property is listed by David B. Harrington (#RS174026L) and Susan D. Ravenscroft (#RS278458) of Leithbridge Company DBA Kurfiss Sotheby's International Realty (#RB050068C), 6038 Route 202 (Lower York Rd), New Hope, PA, 18938, (215) 794-3227. Concierge Auctions, LLC is a marketing service provider for auctions only, is not a brokerage, and is not directly involved in selling real property. The Auctioneer is Frank Trunzo (AU-1228-L). The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, auctioneer, and sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are fully protected and encouraged to participate. See Auction Terms & Conditions for full details. ©2013 Sotheby's International Realty Affiliates LLC. All Rights Reserved. Sotheby's International Realty and the Sotheby's International Realty logo are registered (or unregistered) service marks used with permission. Each Sotheby's International Realty office is independently owned and operated. Neither Sotheby's, Sotheby's International Realty Affiliates LLC nor any of their affiliated companies is providing any product or service in connection with this auction event.

SOURCE Concierge Auctions