PASADENA, Md., April 4, 2011 /PRNewswire/ -- A contemporary waterfront home with floor-to-ceiling transparent walls affectionately referred to as the "Glass House," located on a private peninsula at 435 Ginn Lane, will sell during a live auction on May 6, according to Concierge Auctions. Originally listed for $7,900,000, the auction format is Absolute, meaning it will sell to the highest bidder regardless of price. The sale is being conducted in cooperation with listing agent Betsy Stettinius of Coldwell Banker Residential Brokerage.

"This remarkable home defines contemporary, luxury living at its finest. It's completely secluded yet offers unrivaled river views from nearly every room thanks to the use of floor-to-ceiling glass as the home's principle structure," Stettinius stated. "The owner is fully committed to selling and is willing to allow the bidders to name the price in return for a guaranteed sale on May 6. This auction is a tremendous opportunity – one of the best the Chesapeake Bay area has seen in some time."

Nestled on a private 3.51-acre peninsula surrounded by gorgeous landscaping and southeastern views of the Magothy River, Broad Creek and Sillery Bay, 435 Ginn Lane is located at the end of a private, gated lane and includes a 9,700-square-foot contemporary residence just past a caretaker's cottage and guest home. With a sleek design, impressively high ceilings, multiple levels of open living and floor-to-ceiling glass walls in nearly every room, the moniker "Glass House" is certainly fitting.

Outdoors, a beautiful in-ground pool is the centerpiece of a fantastic patio with plenty of space to lounge under blue skies. Perfectly manicured lawns, a private beach, a putting green, a sport court and a deep-water pier with multiple boat slips will constantly pull residents outside to enjoy.

The Chesapeake Bay is known for its lush opportunities for boating, fishing, sailing, kayaking and a number of other activities. The waters are ripe with staples in cuisine – blue water crabs, clams and oysters. Hot summers and mild winters make the region enjoyable throughout the year. Situated on the Chesapeake's western shoreline, Pasadena offers plenty of coves to explore and enjoy. The schools, libraries and shops exude the feel of a close-knit community, while the urban hotspot of Baltimore is a mere 40 minutes away and Washington, D.C. just one hour.

"Following our successful auctions of two unique Maryland homes last summer, we're thrilled to be back in the state, particularly to sell a property as extraordinary as the 'Glass House,'" stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The auction process is ideal for one-of-a-kind assets. The 'live' bidding process invites sophisticated and savvy buyers to identify true market value in a transparent forum. Participation is easy, representing brokers are protected, and there are no post-auction negotiations or contingencies. Interested buyers should not miss the opportunity to 'win' this home at an amazing value."

The Absolute auction of 435 Ginn Lane will be held on May 6. A 3% commission is offered to the buyer's representing broker. See Auction Terms and Conditions for full details. The property is available daily for preview between 1 and 4pm and by appointment. For more information visit www.GlassHouseAuction.com or call 877-214-3785.

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