MIAMI, April 8, 2019 /PRNewswire/ -- A multimillion-dollar estate in Mexico's California Baja Sur that was once asking $10 million will now be sold at a live auction without reserve on Saturday, April 13th. Miami-based real estate auction house Platinum Luxury Auctions is managing the auction sale of the property in cooperation with Snell Real Estate, an Engel & Völkers affiliate serving as the listing brokerage of record. Sales associate Cindy Stanford is representing Snell in the transaction. Bidders who wish to participate in the sale must register with Platinum by a deadline of 5pm PT on Thursday, April 11th.
According to Platinum, the auction sale may be held in a "hybrid" fashion, with some bidders participating in person and on-site, while others bid remotely via telephone. "Whenever we are in resort-type markets like this one, we try to be flexible and cater the auction venue and process to what is most amenable to our bidding audience," noted David Ashcroft, Platinum's Managing Director.
Named Villa Los Amigos by its original (and only) owner, the estate is perched near the top of an oceanside hill, allowing for inspiring, panoramic vistas of the crystal blue skies and Pacific Ocean. On many evenings, the sunset turns the sky into a canvas of rich pinks, oranges, reds and purples.
The tri-level residence was built to a "commercial-grade" standard, with a structure that is nearly entirely concrete. In total, there is more than 11,000 sf of interior space and nearly 5,400 sf of outdoor living area. A large, oceanside pool deck includes a fire pit lounge, spa and an infinity-edge pool that appears to spill right into the Pacific.
With 10 bedrooms and 11.5 baths - including a 2,000-sf master suite and a "junior master" suite on the lower living level - there is plenty of room for large families, friends or corporate retreats. Two of the guest bedrooms are part of self-contained apartments that can be accessed separately from the main quarters of the home. Each apartment features a dedicated family room and kitchen, making them ideal for live-in staff or long-term guests.
The property's size, floor plan and number of beds and baths allow for flexibility in using the home for lease income. "Although the owner rented the property very sparingly, he generated approximately $4,200 to $7,000 per night in fees when he did so," Ashcroft stated.
Additional features of the residence include a gourmet kitchen and grand salon which open to the pool deck, a large entertainment lounge, a covered terrace outfitted with multiple hammocks, and a 4-vehicle garage. The owner also invested in top-notch mechanical systems such as whole-house water filtration with UV purification, and a custom, high-volume plumbing system that insures that high-pressure, heated water flows throughout the home at all times.
Villa Los Amigos is located in the community of Pedregal de Cabo San Lucas (often simply called "Pedregal"). Situated near the world famous El Arco - a unique rock formation sited at the point where the Pacific Ocean meets the Gulf of California – the community offers a semi-private beach and close proximity to the marina, Luxury Avenue shopping center and a collection of restaurants.
Those interested in the property can learn more by visiting CaboLuxuryAuction.com, or by contacting a Platinum representative at 800.593.4177 (or at +52 624.980.0507 for those calling within Mexico). Final previews of the property will be held each day this week between the hours of 11am and 4pm local time, until the registration deadline on Thursday.
About Platinum Luxury Auctions
Platinum Luxury Auctions is responsible for developing the luxury auction® model for high-priced real estate auctions and owns the trademark rights to the term "luxury auction." The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum's team has closed more than $829 million in luxury real estate auction sales to date, while consulting on more than $2.5 billion in additional luxury properties worldwide.
SOURCE Platinum Luxury Auctions LLC