Platinum Luxury Auctions Returns to Upstate NY For Second Skaneateles Auction

Three-Acre Property in New York's Finger Lakes Region Set for August 16th Sale

Jul 15, 2015, 09:15 ET from Platinum Luxury Auctions

SYRACUSE, N.Y., July 15, 2015 /PRNewswire/ -- Platinum Luxury Auctions, one of the nation's most successful luxury real estate auction firms, has announced the August 16th auction of a large, lakefront estate in Skaneateles, New York. Though the seller previously asked $4.8 million for the home, it will now be sold to the highest bidder at or above the auction's reserve price of $2.25 million. This offering follows Platinum's 2014 sale in Skaneateles for $4.1 million, which marked one of the highest prices on the lake within the last ten years. Platinum is conducting the sale in cooperation with listing agent Giuseppe Zavaglia of Realty USA CNY, Inc.

The property's owner is prominent Syracuse developer Cosimo Zavaglia, who - interestingly enough - purchased the property at a government auction several years ago. Zavaglia then invested significantly in an extensive renovation of the estate, intending to personally occupy the residence before changing his plans and placing it for sale. "It really is a beautiful home right on the lake," noted Trayor Lesnock, Platinum's president and founder. "Not only is the architecture and design appealing, but the home is very well built from a structural standpoint. The owner understands construction quality."

The 7,500-square-foot estate - which is larger when counting more than 2,000 additional square feet of garages and interior flex space - sits on 3 sloping acres, and features more than 200 feet of linear frontage on Skaneateles Lake. There are 4 bedrooms, 5 full and one-half baths, and three living levels. Floor-to-ceiling windows throughout allow for stunning views of the lake, while also filling the home with natural light.

Unlike many upstate New York lake homes that feature cabin-themed designs and very traditional interiors, the property is full of large, open spaces, providing for a very modern and flexible floor plan. There is also a finished lower level, which currently houses a wine cellar and is ideal for completion as a home theater or luxury man cave. Additional features include a waterfront boathouse, a 4-car auto garage in addition to a massive, fifth garage for RVs or boats, and a lighted, grass tennis court.

Manicured pine trees frame the estate's property lines for added privacy.

Skaneateles, New York is an upscale village named after its main lake, which is one of New York's many "finger lakes." The town is rich with charm, and offers a Historic District complete with brick-lined sidewalks, quaint storefronts, boutique shops, art galleries and restaurants. Visitors can enjoy the area's unique collection of hotels, inns and old-fashioned bed and breakfasts.

Although cool in the winter months, the lake is extremely popular during the summer, when swimming, sailing, boating and fishing are daily activities.

For more information about this luxury auction, or to contact Platinum for property previews, visit or call 1-800-619-0450.

About Platinum Luxury Auctions
Platinum Luxury Auctions is a market-leading auction firm specializing in the non-distressed sale of multimillion-dollar properties within and beyond the United States. The Platinum team has closed more than $393 million in luxury real estate auction sales, and has consulted on more than $1.4 billion in additional luxury properties. Platinum is responsible for developing the luxury auctionSM concept for the real estate auction industry.

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