Exotic Waterfront Point Lot Estate Headed for Luxury Auction

ORLANDO, Fla., Feb. 29, 2012 /PRNewswire/ -- On March 24, 2012, bidders will have the opportunity to own a 10,000 sq. ft. Florida mansion situated on an immense waterfront point lot. Platinum Luxury Auctions LLC, a luxury auction firm specializing in high-priced properties, will handle the sale.

Though previously offered for $4.4 million, the mansion will sell to the highest bidder at or above only $1.25 million. "In all of my years of handling exquisite waterfront properties at auction, I do not believe I have seen this type of value-to-discount ratio," said Trayor Lesnock, president and founder of Platinum Luxury Auctions.

The property is located directly on the Intracostal waterway in Edgewater, Florida, and is equal parts private sanctuary and sportsman's paradise, with nearly 7.4 acres of lush grounds (and room for a helipad!).

The Frank Lloyd Wright inspired design offers over 10,000 sq. ft. of interior living area, defined by dramatic, open living spaces, lofted ceilings and large windows. Polished hardwood and Florida fieldstone are prominent throughout the home, creating a look that resembles a luxury hunting lodge or mountainside chalet. The main house has 3 bedrooms and 4.5 baths, while the separate guesthouse offers 1 bed and 1 bath, a loft and wet bar.

Other features of the property include a boathouse, L-shaped dock, a commercial-grade kitchen with exhaust fans and deep-fryer, lagoon-style pool with Jacuzzi, illuminated tennis court, 3-car garage with workstation and more.

Edgewater, Florida is a beautiful waterfront city located just south of Daytona Beach and New Smyrna Beach, and is only an hour drive from Orlando. It is full of small town charm but is also home to a very active business climate, making it an ideal "work-play" location to enjoy the Florida waterfront lifestyle.

For more details on this luxury auction, please visit www.PointLotEstateAuction.com or call 1.800.262.5132.

About Platinum Luxury Auctions LLC: Platinum is the only auction company founded exclusively on luxury, non-distressed real estate auction experience. The firm's principals have closed more than $250 million in luxury real estate auction sales, and have consulted and advised on nearly $1 billion in luxury auction property in total. The firm specializes in luxury assets in excess of $1 million. Contact Platinum at 1.800.262.5132, [email protected] or visit www.PlatinumLuxuryAuctions.com.

SOURCE Platinum Luxury Auctions LLC