Magnificent Estate On 16 Acres In The Mountains Of Sun Valley, Idaho To Sell At Auction Without Reserve On August 30th

SUN VALLEY, Idaho, July 27, 2012 /PRNewswire/ -- A secluded 16-acre estate with a luxury residence, guest house and barn, completely enveloped by steep wooded hillsides, open pastures and rugged mountains, will sell at auction Without Reserve through NYC-based Concierge Auctions on August 30th. Located within Sun Valley's exclusive Lake Creek Meadows subdivision and affectionately referred to as "Top of the Mountain Hideaway," the sale of this sprawling, 7,872-square-foot estate will take place in cooperation with listing agents Sue Engelmann and Fern Mackenzie of Sun Valley Sotheby's International Realty.

"The grandfathered building envelope will allow the future owner to either enjoy as-is, rebuild or remodel in an area that would otherwise be deemed unbuildable based on current hillside regulations," stated Engelmann. "Despite the ultimate privacy this location provides, it is only minutes away from downtown Ketchum and the endless outdoor activities of the Sawtooth National Recreational Area including hiking, backpacking, cross-country skiing, mountain biking, fishing, white water rafting, camping, kayaking and horseback riding. Living here is literally an outdoor lover's dream."

Originally offered for $12.5 million, 126 Lake Creek Meadows contains seven bedrooms, seven and one half bathrooms, three fireplaces and an expansive game room. There is a deck and three furnished patios, a five-car garage, horse facilities including a four-stall barn and stables, a swimming pool and a separate two-bedroom guest house. Fenced pastures on the lower elevations provide plenty of space for horses to graze and roam, while the surrounding public lands provide opportunity for hundreds of miles of riding.

"We've enjoyed living here and raising our family in total privacy with spectacular views, all while being five minutes from town," stated the seller, David Goodman. "The decision to sell via auction was carefully considered. After researching the Concierge process in detail, we're excited to be part of a process that generates interest and healthy competition in an accelerated timeframe. I hope the new owners cherish this property as much as my family and I have."

Sun Valley is world-renowned for its Nordic skiing trail system, with 200 kilometers of groomed trails along the Sawtooth National Recreation Area and Quigley Canyon. The ample snow also provides plenty of opportunity for guided snowshoe or cross-country tours of the Idaho backcountry, or for jetting along trails on snowmobiles. Dry, sunny summers are perfect for outdoor activities along the valley's five ranges. Lake Creek Meadows community is beautiful year-round thanks to its variety of natural environments. The dominating views to the south are the rugged mountains marking the beginning of the Sawatch Range. Wildlife is common with deer, elk and bears playing in your yard. This property is located just a 2.5 hour drive from the airport in Boise over the scenic Camas Prairie.

"Concierge Auctions has a successful track record in the Rocky Mountain region, including last year's sale of the Knob Hill Inn in Sun Valley and other recent sales of mountain and equestrian estates. Our method is accelerated and sophisticated, and it works," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Selling Without Reserve to the highest bidder, this auction presents an exciting opportunity to own within an exclusive mountain community at a fair price — only one bid above the next highest bidder."

The auction of 126 Lake Creek Meadows will be held on August 30th. A 2.5% commission is offered to the buyer's representing broker. The property will be open daily from 2 to 4pm and by appointment. A ski chalet at 106 Howard Drive will also be offered at auction without reserve on August 30th and will be available for preview daily from 11am to 1pm. For more information about both properties, visit SunValleyAuction.com or call 877-762-9436.

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 ConciergeAuctions.com.

SOURCE Concierge Auctions