Laguna Beach Luxury Estate for Sale on Auction.com - MarketWatch (press release)
IRVINE, Calif., Sep 23, 2011 (BUSINESS WIRE) -- A 9,500 square-foot, five-bedroom, five-and-a-half-bathroom modern estate is up for sale Wednesday, September 28th, in an exclusive online auction presented by Auction.com's newly created luxury home division. Situated atop the prestigious enclave of Laguna Beach's Mystic Hills, online bidding begins at only $3 million for the architectural "tour de force" currently listed on the market for $7.995 million. Auction.com together with Newport Beach's prestigious McMonigle Group, part of the Teles properties brokerage, is proud to offer such an exquisite property in a much coveted area of Orange County.
A preview event of the estate, located at 1255 Pacific Avenue, occurs this Saturday, September 24, from 3 p.m. until 7 p.m. The online auction begins on Wednesday, September 28, 2011, at 7 p.m. For more information and to register for this event, visit www.auction.com/luxury . A broker co-op of 2.5 percent is offered to the realtor whose client is the successful winning bidder.
With a 270-degree view of Laguna's coastline and village, Catalina Island and the Pacific Ocean, the modern estate situated atop the prestigious enclave of Mystic Hills is an architectural achievement from the talents of Singer and Jeannette. The spacious estate is crafted from granite, steel, slate, marble and glass. Crowned by a 30-foot ceiling, a great room boasts a 25-foot window expanse that includes an entertainment lounge with wet bar and media. Exclusive highlights include a European-style kitchen with granite countertops, formal dining room with spacious balcony, custom wine cellar with intimate tasting area, five bedroom suites, a professional-grade gym with sauna, a commercial elevator, and oversized garage with parking for three. Outdoors, a stone-enhanced terrace welcomes lounging and dining alongside a 74-foot lap pool with spa, and a trio of verandas and rooftop deck offer top-of-the-hill vistas without compare. A brief trip down the hill takes residents to Laguna Beach's world-famous shoreline, where boutiques, restaurants, galleries and beachside parks are enjoyable year-round.
"We have applied our marketing expertise to garner maximum exposure with the relevant market for this sole property," says Auction.com CEO Jeff Frieden. "This has resulted in a large amount of visitors to our website, who have subsequently registered for the auction. In combination with this Saturday's open house, it's going to be a very lively and competitive online auction event."
ABOUT AUCTION.COM'S LUXURY HOME DIVISION: As a result of continued downward pressure on prices, the US residential market has been markedly tilted in favor of buyers. Through the use of its sustained and comprehensive marketing campaigns combined with the intense excitement and competitiveness of an auction forum, Auction.com has managed to rebalance the scales of demand and supply. In the same manner that the distinguished auction firms of Sotheby's and Christie's have successfully created a market for luxury art, wine and jewelry by allowing bidders to compete in an open and transparent exchange, so too has Auction.com established itself as the premier platform for the sale of luxury real estate.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50007034&lang=en
SOURCE: Auction.com
Auction.com Max Sucee, Director of PR 818-531-2623
Copyright Business Wire 2011
24 Sep, 2011--
Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEtEnpLg77uh5QXFLHecTApEeRVdw&url=http://www.marketwatch.com/story/laguna-beach-luxury-estate-for-sale-on-auctioncom-2011-09-23
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