Are Luxury Property Auctions A Smart Option?


Luxury auctions can be a smart option for sellers, especially if they are looking to leverage additional marketing for their property. If the property has been on the market for a while, luxury property auctions can be an opportunity for more exposure.

Generally not in the same vein as hardship auctions, luxury property auctions focus on a particular group of buyers and are executed a bit differently. Luxury property auctions often focus on high end buyers that are looking in specific locales or regional areas. Berkshire Hathaway HomeServices Adirondack Premier Properties has suggested this option to three homeowners in the last five years. In all three cases, successful outcomes were achieved by implementing a very effective luxury property auctions process.

Generally our office does not lead with this option. First, we suggest testing the market to see if we are able to find the perfect buyer for the property. If this initial search doesn’t turn up the interest we were hoping for, we may suggest moving on to the tried and true methods of luxury property auctions.

Previous Successful Luxury Property Auctions

In our previous successful luxury property auctions, our ADKPP offices used Platinum Luxury Auctions. We have built a wonderful relationship with Platinum Luxury Auctions that includes the exclusive right to use them versus other agencies in our region. We believe this relationship helped build sale successful outcomes for the gorgeous Adirondack luxury properties that were featured.

The successful auctions were Camp Island View in Long Lake, Paradise Peninsula in Tupper Lake and most recently Palazzo Riggi in Saratoga. All three had their own unique features attractive to many luxury buyers.

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CAMP ISLAND VIEW

8 BED | 5 BATH | LONG LAKE

Camp Island View in Long Lake is an expansive 9.97 acre property with 510 feet of waterfront on the west shore of Long Lake with its own private island.

Main Lodge Features

4/5 Bedroom, 5 Bathroom Home with Dramatic Wood Finishes. Great Room – Massive Granite Fireplace and Vaulted Ceiling. Kitchen – Wolff & Sub Zero Appliances. Exercise Room with Plenty of Space To Complete Any Workout

Guest Cottage Features

3 Bedroom All Season Cottage | Living Room – Wood Burning Fireplace | Steps To Waterfront

Garage Features

Detached, Fully Heated 3-Car Garage | Finished Game Room or Bedroom | 1/2 Bath

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PARADISE PENINSULA

5 BED | 3 BATH | TUPPER LAKE

“Paradise Peninsula” is a rare opportunity to own a spectacular 5 bedroom home with almost 4,000 ft of waterfront and 2 additional uninhabited islands on Big Tupper Lake.

Main House

5 Bedroom | 3 Bathroom | Large Stone Fireplace In Living Room | Screened Porch | Large Deck | Expansive Garage Under Home | Loft Area | Custom Touches Throughout

Cabin

2 Bedroom | 1 Bath | Full Kitchen | Screened Porch

Grounds

Gorgeous Lake And Mountain Views | No Neighbors Visible | Two Islands | 4,000 Ft of Waterfront Trails Throughout Property | 14.2 Acres | Dock | Access To 10-mile Lake | Short Drive To Town

PALAZZO RIGGI

6 BED | 7 BATH | SARATOGA SPRINGS

Known as the “Palazzo Riggi,” this quintessential estate is the jewel of Saratoga Springs! The main house features two custom Clive Christian kitchens, elevator, indoor/outdoor radiant heat flooring, walkways and driveway, home theater designed by Theo Kalomirakis, personal fitness room with steam shower, and bowling alley. The estate includes custom materials & selections such as 23 marble medallions inlaid on the marble floors, fresco in the foyer, Sherle Wagner sinks, Schonbek chandeliers, and an award-winning staircase by Herndon & Merry. This home has been appointed with the finest finishes and fixtures, to include many artist hand painted murals. The grounds feature beautifully manicured gardens and lawns, fountains, and a swimming pool with spa, waterfalls and a pool house.

Our experienced forever agents at Adirondack Premier Properties are standing at the ready to assist you in locating an available Adirondack luxury property for sale. If you need assistance selling a luxury property, our agency is well positioned to find the right buyer. Contact us today!

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