Platinum Luxury Auctions Offers Secluded Woodland Estate in Des Moines, Iowa

DES MOINES, Iowa, May 26, 2015 /PRNewswire/ -- Platinum Luxury Auctions, one of the nation's premier auction firms specializing in the sale of multimillion-dollar properties, has announced the June 27th auction of a luxurious woodland estate in Des Moines, Iowa. Previously offered for $5 million, the property will now be sold to the highest bidder at or above the auction's reserve price of only $1 million. Platinum is conducting the sale in cooperation with local listing agent Heather Starr of The Starr Group, part of RE/MAX Real Estate Concepts in West Des Moines.

Situated on approximately 3.6 wooded acres overlooking a private pond, the 4-bedroom, 4.5-bathroom estate was built by Neumann Brothers builders and designed by Des Moines-based architect Ken Kendall, who is known for designing the Ruan Center, Iowa's second tallest building. The home's unique architecture and design makes it distinct from any other property in the area.

Reminiscent of Frank Lloyd Wright's residential designs, which often emphasized the elegant blending of a property with its surrounding, natural landscape, the 9,500-square-foot estate features sloping architectural lines set under stacks of triangular-shaped roofs. Large, open living areas - highlighted by a spectacular, two-story grand salon - define the estate. Interiors are finished with beautiful woods, while the home's many custom windows allow its rooms to be filled with natural light.

Ted Townsend, the property's owner, is a philanthropist and the former CEO of Townsend Engineering. In 1981, he invested $4 million to acquire the land and build the estate. He noted that his insurer now places a $10 million replacement value on the property.

While Mr. Townsend has enjoyed calling the property home for many years, he is currently looking to downsize his real estate holdings. "This is a very special property, not only for me personally, but also due to its unique design and exceptional build quality," Townsend noted. "Platinum's luxury auction process impressed me as powerful tool for the sale of such a unique property."

To be sure, the property features many custom touches throughout, along with a few touches of whimsy. For example, a set of spiral stairs provides access to an outdoor "lookout" deck, while a "drawbridge" entry (designed by Townsend's firm) leads to the master bedroom suite. The suite offers his and hers closets, a custom waterfall tub, and a walk-in shower and sauna.

Additional property features include a gourmet-catering kitchen, formal dining room with seating for 24 guests, 6-car garage, indoor greenhouse, exercise room, hidden massage suite, wet bar, built-in aquarium, theater area, and even a dance floor.

"We're pleased to be joining forces with the Starr Group to represent Mr. Townsend's impressive residence," stated Trayor Lesnock, Platinum's president and founder. "Meticulous attention to detail and pride of ownership is very evident throughout the property. I'm confident visitors will be impressed."

The estate is technically located in Urbandale, a city that is part of the Des Moines-West Des Moines metropolitan area. It is an area known for its luxurious residential neighborhoods, and has been ranked by Money magazine as one of the "100 Best Places to Live" in the United States.

Des Moines, Iowa's capital and most populous city, is located within ten minutes of Urbandale. While the city is not usually included on a short list of the nation's prominent business hubs, Des Moines is in fact home to the headquarters for many of the country's largest insurance companies. As such, it has consistently earned favorable rankings in various business publications for its high quality of life for working professional and their families.

Beginning June 10th, property previews will be held each Wednesday through Sunday between 12pm and 5pm, until the auction date. Interested parties may visit DesMoinesLuxuryAuction.com or call 1-800-485-3119 for to speak with a Platinum representative.

About Platinum Luxury Auctions
Platinum Luxury Auctions is a highly specialized marketing and auction firm, with a focus on the non-distressed sale of multimillion-dollar properties within and beyond the United States. The Platinum team has closed more than $387 million in luxury real estate auction sales, and has consulted on more than $1.35 billion in additional luxury properties. Platinum is responsible for developing the luxury auction^SM concept for the real estate auction industry.

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SOURCE Platinum Luxury Auctions LLC

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