HILLSBORO SHORES, Fla., Jan. 26, 2012 /PRNewswire/ -- On February 25, 2012 a spectacular oceanfront estate in Hillsboro Shores, Florida will be offered to the highest bidder at luxury auction. The property once sold for $12 million and was recently listed for $9 million. Platinum Luxury Auctions LLC, a national luxury auction firm headquartered in Miami, Florida, is conducting the auction in cooperation with listing agent Melissa Johnson of Marquis Estate Properties of Boca Raton.
Although there is no required minimum bid for the auction, the suggested opening bid is $4.5 million. The property's owner, NBA forward Mike Miller of the Miami Heat, is confident that bidders will be attracted to the mansion now that it is on the auction block. "I like the fact that the auction tells all of the buyers in the market that I am serious about selling the property. It should be a great deal for the right buyer," said Miller.
Miller did not have the property on the market for very long before electing to hire Platinum for the sale, as Johnson suggested the luxury auction process to her client within a couple months of listing the property. According to Johnson, the timing was right. "With a property this unique and in this price range, it's often difficult to find one buyer let alone multiple bidders. Platinum has a proven success record with these types of ultra-luxury properties, and I'm confident that our joint marketing effort for this sale will be another success," Johnson said.
"This is an excellent example of the 'New Normal' in luxury real estate," according to Trayor Lesnock, president and founder of Platinum. "Two younger, highly successful individuals - in this case seller and agent - realizing the value of the expedition of the the luxury auction process versus the uncertainty of the lengthy, traditional brokerage process."
The property is one of the most unique waterfront estates in southeastern Florida, as its location in the Hillsboro Inlet offers a rare combination of ocean frontage and private boat dockage for a large boat. There is even a small, "private beach" that is part of the property parcel.
In addition to the location, the property itself is quite magnificent. It consists of three stories and has 6 beds, 8 full and 2 half baths. There is approximately 9,000 sq. ft. of interior space and 2,700 sq. ft. of finished outdoor space. Features include 2 gourmet kitchens, a home theater/media room, ventilated and climate-controlled wine/cigar room, game parlor, custom wet bar, elevator, Crestron audio/video system, and the finest fixtures, woodwork and marbles throughout.
The feature list does not end inside. Outdoors, there is plenty of room to relax on one of three large terraces. The custom pool includes a swim-up bar with a grill and summer kitchen. There is also a hot tub, designer "fire pit," an entertainment lounge with dual waterfalls, large plasma TV and a second summer kitchen. The property's marble dock includes two boat lifts and hidden stairs to a "private beach."
About Hillsboro Shores: Hillsboro Shores is an upscale beach neighborhood located just north of Fort Lauderdale, Florida. The Hillsboro Inlet is a favorite access point to the Atlantic Ocean for boaters in Lauderdale, Lighthouse Point and Deerfield Beach. The Inlet is home to the famous Hillsboro Lighthouse, while the illustrious "Millionaire's Mile" - one of the most coveted and expensive oceanfront real estate areas in all of Florida - lies immediately to the north.
For more details on this luxury auction, please visit OceanfrontRealEstateAuction.com or call 1.800.262.5132.
About Platinum Luxury Auctions LLC: 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. Platinum also has luxury yacht and aircraft divisions. The firm specializes in luxury assets in excess of $1 million. Contact Platinum at 1.800.262.5132, [email protected] or visit PlatinumLuxuryAuctions.com.
SOURCE Platinum Luxury Auctions LLC