Concierge Auctions Announces the Auction of 7-Acre Greenwich, Connecticut Estate on Prestigious Round Hill Road

GREENWICH, Conn., June 27, 2011 /PRNewswire/ -- An expansive luxury estate located on what is considered the most scenic and prestigious street in one of the nation's most exclusive zip codes, just a 40-minute train ride into Manhattan's Grand Central Terminal, will sell at auction, Concierge Auctions has announced. Bidding is currently underway at GreenwichLuxuryAuction.com, and a starting bid is in place for $1.65 million. Originally listed for $4.9 million, the sale of 407 Round Hill Road is being conducted in cooperation with Joe Williams of Greenwich Fine Properties.

"This auction is one of the best buying opportunities in Greenwich. The flexibility to either live in the current home, expand, or build new means that any buyer searching in the area should take a look," Williams stated. "My client is committed to finding a new owner, and his choice to allow the market to determine the price renders a unique chance to own in Greenwich, which has been ranked among the 100 Best Places to Live in the United States by both CNN Money and Money magazine."

Situated on more than seven acres on Greenwich's exclusive Round Hill Road, this private 7-acre estate includes a renovated 6,222-square-foot residence with six bedrooms and four full and two half bathrooms. The property offers tranquility and privacy, with up to 19,000 square feet of expansion or new construction potential.

The estate is punctuated by extensive stone walls, abundant forests, a babbling brook, and meadows in both the back and side yards. With many recent updates, the country home showcases a blend of traditional architecture with modern amenities including rich wide-plank hardwood floors, dark wood-beamed ceilings and plentiful windows. Spacious outdoor entertaining areas include a flagstone terrace and a new heated pool.

"Our 'Bid Now' platform offers great flexibility for interested buyers, as at any time they are able to log on to our website, view the current bidding activity and place their bids. Following our auction this past Saturday of the exquisite Cove House in nearby Darien, which sold for approximately $8 million and will render the highest-priced closing in the Darien MLS thus far this year, we look forward to another success in Fairfield County with this auction," stated Laura Brady, Vice President of Marketing for Concierge Auctions.

Rich and diverse, Greenwich is a quiet yet vibrant community comprised of seven small and distinctly unique hamlets in picturesque southwest Connecticut along its southern boundary with Long Island Sound. Founded in 1640, the town is rich in history and today boasts the same natural beauty and charm. Nearby airports include the adjoining Westchester County Airport and LaGuardia and JFK, which are 25 and 40-minute drives away, respectively. Greenwich's convenient location to major metropolitan centers is ideal, and it has fast become a popular home for Manhattanites. Greenwich is the shortest Connecticut commute to New York City.

The auction of 407 Round Hill Road is currently underway at GreenwichLuxuryAuction.com. A 2.5% commission is offered to the buyer's broker. The property is available for preview daily by appointment and is open Sundays from 2-4pm. For more information call 866-649-8616.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit www.ConciergeAuctions.com

SOURCE Concierge Auctions