ALBANY, N.Y., Nov. 19, 2015 /PRNewswire/ -- Platinum Luxury Auctions, a vaunted auction firm headquartered in Miami and specializing only in the sale of unique and distinguished properties, will conduct a luxury real estate auction for a sprawling mansion within Meadowbrook Estates, an exclusive residential community in the historic and cultural city of Saratoga Springs, New York. Set for auction on December 19, 2015, the property will be sold at or above the auction's reserve price of $4.9 million, a considerable reduction to its recent asking price of $8.6 million. The sale will be conducted in cooperation with listing agent Gerry Magoolaghan of Select Sotheby's International Realty in Saratoga Springs.
"After posting a record sale with Select Sotheby's in the upstate New York market in 2014, we're pleased to be working together again in Saratoga. Gerry is a top agent in the area, and I'm confident our teamwork will result in a success on December 19th," stated David Enriquez, Platinum's vice president of operations.
Situated on 8 private and manicured acres, the 25,000-square-foot residence includes 5 bedrooms, 6 full and 5 half bathrooms, and is located within minutes of the Saratoga National Golf Course, downtown Saratoga Springs, and the world famous Saratoga Race Track. Inside the three-story home, one finds a sophisticated yet relaxed environment. A grand foyer with winding double staircases, marble flooring and a sparkling chandelier welcomes guests in grand fashion, while the main level's great room, which features exposed wood beams and an impressive stone fireplace, offers a sense of laidback, upstate New York charm.
Prominent features of the estate include a gourmet kitchen with top-of-the-line appliances and an extensive butler's pantry, a mahogany-paneled dining room, private theater with multi-row seating, outdoor pool and spa with oversized deck and lounge area, and an indoor pool and spa with it's own kitchen/bar area.
Originally designed for the active lifestyles of the owner and his family, the residence also boasts a professional-grade, indoor basketball court, fitness center with sauna, entertainment parlor featuring a one-lane bowling alley, and an outdoor tennis court. Auto enthusiasts will appreciate the estate's 8-car garage.
"The courtyard entry and rather stately, stone exterior of the home are nods to the historical affluence and high society in Saratoga, while the inside of the house is outfitted with all of the modern bells and whistles," added Trayor Lesnock, Platinum's president and founder.
A separate guesthouse is also located on the property, and offers an additional 2 bedrooms, 2 full baths, and approximately 1,200 square feet of living space.
Property previews begin November 28, 2015 and will be held daily from 12pm to 4pm until auction day. Interested parties may contact Platinum Luxury Auctions at 1.800.298.5694 or visit SaratogaLuxuryAuction.com for additional details.
About Platinum Luxury Auctions
The Platinum Luxury Auctions team has closed more than $406 million in luxury real estate auction sales to date, and has consulted on more than $1.4 billion in additional luxury properties worldwide.
SOURCE Platinum Luxury Auctions