Platinum Luxury Auctions Offers Point Lot Estate on Long Island's Oyster Bay

LONG ISLAND, N.Y., May 29, 2014 /PRNewswire/ -- Platinum Luxury Auctions, a national market-leader in luxury property auction sales, will auction a rare, point lot estate in the ultra-exclusive Village of Centre Island on June 28th, 2014. Centre Island is a very small but very wealthy enclave within Oyster Bay, a seaside town in Long Island, New York. The peninsular property boasts 4.19-acres and a three-story, 11,000-square-foot estate. Recently listed for $12 million, the property will now sell to the highest bidder at or above the auction's reserve price of only $6 million. The property is offered for sale by listing agents Lorna Mann and Robert Olita of Douglas Elliman Real Estate in Long Island, New York.

"It is not possible to recreate the location, size, and views possessed by this property anywhere within Oyster Bay, and certainly not on Centre Island," said Trayor Lesnock, Platinum's president and founder. "This area has long been one of New York's toniest enclaves, and we're confident buyers will see the incredible value opportunity presented by the auction in this exclusive location."

The estate was designed to provide its owner with panoramic water views of the Long Island Sound and Cold Spring Harbor from nearly every room. The main residence and attached guesthouse offer a total of 9 beds, 8 full and 1 half baths. Interesting property features include a push-button system that washes salt water from the estate's exterior, and a geothermal heating and cooling system that uses ground water to maintain a balanced temperature. The property also offers a large, in-ground pool and spa tub, 3-story elevator, and back-up generator.

Located in the town of Oyster Bay on what is known as the Gold Coast of Long Island, the Village of Centre Island is the most exclusive neighborhood west of the Hamptons. The Village is located just north of state highway 25A, and is accessible by only one road that is guarded by Village police, ensuring the privacy and safety of the community. The 605-acre peninsula that comprises Centre Island has over four miles of coastline bordered by Cold Spring Harbor, Oyster Bay Harbor and the Long Island Sound, and is quickly becoming known as the sailing mecca of the North Atlantic.

Gaining notoriety as a playground for the ultra-wealthy American industrialists of the early nineteenth century, the Gold Coast has been home to some of the most affluent families in America, including The Vanderbilts, Astors, Pratts, and Morgans. In fact, the area served as the backdrop for F. Scott Fitzgerald's iconic novel The Great Gatsby. More contemporary Centre Island residents have included musician Billy Joel, Academy and Tony Award-winning lyricist Alan Jay Lerner, media tycoon Rupert Murdoch, and political commentator Sean Hannity, to name a few.

Beginning June 4, open house previews will be held between 12pm and 5pm every day until the date of the auction. Interested parties may visit www.OysterBayLuxuryAuction.com or contact a Platinum representative at 800-262-5132 for additional auction details.

About Platinum Luxury Auctions
Platinum Luxury Auctions is a market-leading auction firm specializing in the non-distressed sale of multimillion-dollar properties nationwide. The firm's principals have closed more than $345 million in luxury real estate auction sales, and have consulted on more than $1.25 billion in additional luxury properties. Learn more at PlatinumLuxuryAuctions.com.

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SOURCE Platinum Luxury Auctions