Oceanfront Condominium in Palm Beach County Scheduled for Luxury Auction

PALM BEACH, Fla., March 27, 2012 /PRNewswire/ -- On April 28, 2012, bidders will name their price for a luxurious oceanfront condominium located on Singer Island in Palm Beach County, Florida. The property will be sold at absolute auction, with no reserve price and no minimum bid. Platinum Luxury Auctions, a national auction firm that exclusively handles high-priced properties, will conduct the sale.

The oceanfront condo is located at one of Singer Island's most exclusive addresses: the One Signer Island Condominium. With only 15 residences in the entire building, ownership opportunities are limited. Gated entry and 24-hour on-site staff ensures residents that their privacy and safety are held in the highest regard.

Located on the fourth floor, "East Penthouse 402" boasts 3,336 interior sq. ft. of living space and 700 additional sq. ft. of terrace. There are 3 beds, 3 full and one-half baths. The sumptuous master suite offers breathtaking ocean views, large walk-ins and an immense master bath. Despite making numerous upgrades to the property - including outfitting the kitchen in Italian wood, installing costly millwork and built-ins and adding onyx, stone and marble accents throughout - the seller has never occupied the residence.

"This is an incredible oceanfront living option for those who dislike the hassles associated with single family home ownership, but who also dislike large, crowded condo buildings. One Singer Island's exclusivity provides a perfect balance," said Trayor Lesnock, president and founder of Platinum Luxury Auctions.

One Singer Island's common area amenities are also quite impressive, boasting incredible craftsmanship and luxurious design. Features include a grand, 2-story lobby with glass tile mosaic and sweeping staircase, an entertainment room with dual lounge areas and full wet bar, a billiards salon with adjacent wine room (featuring climate-controlled wine lockers for residents), a state-of-the-art theater, a study and a fitness center. Just outside, there is a sizable loggia with a summer fireplace, Jacuzzi and heated pool. 

Singer Island is a peninsular stretch of land (not technically an island) known for its pristine beaches. It was originally founded by Paris Singer (son of Singer Sewing magnate Isaac Singer) as a haven for wealthy friends and travelers. Singer Island's status as such a haven has remained intact over the years, as many luxury and ultra-luxury condominium developments are located in the area.

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

About Platinum Luxury Auctions: 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 the auction of 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