LOS ANGELES, July 5, 2013 /PRNewswire/ -- Auction marketing specialists Premiere Estates Auction Company, in conjunction with Chad Rogers of Hilton & Hyland and Karin McCoy of Allison James Estates & Homes, announced the auction of a 40-acre, 14,000 square foot Spanish-style estate compound nestled in the wine country of Temecula, CA. With an original list price of $12 million, the home located at 35438 De Portola Road in Temecula has a starting bid of only $2.9 million. The auction of the 9,000 square feet main residence, four guest house compound with horse facilities, golf course, pool and tennis court is to take place July 27 at 1 PDT. It will be held on site, telephonically and by proxy utilizing the Premiere Estates Auction Company exclusive 'WorldBid Auction platform', which allows buyers to bid from any place, anywhere, anytime.
As seen on NBC's LXTC Open House, this ranch was built by the famous actor Jack Klugman of The Odd Couple in the style of old Hollywood with Spanish-inspired details. The expansive 40-acre property boasts a 5-hole golf course, 4 guest homes, pool, cabana and koi pond. Designed as a thoroughbred breeding and training facility, the property has two riding arenas, paddocks and pastures, and RV Barn.
Auction marketing specialist and broker Anthony Fitzgerald explains, "This expansive and unique luxury estate compound built by a Hollywood movie legend is a one-time, one-day event. The auction platform will give one very lucky buyer a chance of a lifetime. With its location in the heart of wine country, it has the potential to be a gorgeous winery, private estate or Country Club." Fitzgerald adds, "The possibilities are endless like the sunsets on the property."
Premiere Estates Auction Company requires only a bidder registration form and cashier's check of $100,000 in order to register to bid. The bidder can bid on site, telephonically or by proxy on auction day. The Premiere Estates Auction platform also allows more buyers access to luxury home purchase by requiring only 10% down to secure financing.
Fitzgerald explains the advantage of the auction process over traditional purchase. "In the auction process, the buyer is in control. He ultimately determines market value of a property." Fitzgerald adds, "The buyers are the market."
Downloadable brochure and bidder registration forms are available online at: http://premiereestates.com/auction/1813/temecula-winery-auction-july-27th-estate-vineyard-for-sale.html or by calling 800.290.3290x8896 or emailing [email protected]
Premiere Estates Auction Company, Braun Corporation, and Sportstar Relocation are part of a family of companies that are nationwide leaders in high end luxury real estate, brokerage sales, auction marketing, auction and valuations of commercial and residential real estate. Headquartered in Los Angeles and with offices in San Francisco, New York, Chicago, Cleveland and London, the companies have over 2900 alliance partners in 46 states including Sotheby's, Intero Real Estate, Prudential, Christies and many others. Corporate clients include major institutions, Fortune 500 companies, family offices and trust companies.
Contact: Anthony Fitzgerald
Premiere Estates Auction Company
SOURCE Premiere Estates Auction Company