Luxury oceanfront condominium located on Singer Island in Palm Beach County, Florida goes under the hammer on April 28, 2012 with no reserve price and no minimum bid by Platinum Luxury Auctions, which exclusively handles high-priced properties. This marvelous condo is located at one of the island’s most prestigious addresses, One Singer Island Condominium, with only 15 residences in the building, which has a gated entry and 24-hour on-site staff.
Trayor Lesnock, president and founder of Platinum Luxury Auctions explained the advantages of auctioning luxury homes: Many luxury property sellers choose an auction because they’ve been unsuccessful selling their home traditionally, and are frustrated with the typical real estate sales process. A luxury auction creates a timeline for a date-certain sale, ensuring the seller a result within a defined timeframe.
Auctions without reserves excite buyers because they know that the property will be sold on the auction date. The sale will be without hassles or negotiation, for a price that they—not the seller—dictates, he added.
The property for sale, East Penthouse 402 is located on fourth floor and offers 3,300sqft of living space and 7,000sqft of terrace space, with breathtaking view at Palm Beach and the ocean. Three bedrooms and three and a half bathrooms. The master suite offers spacious walk in closets and a stunning bathroom, furnished with polished marble, Italian wood and onyx. The interesting thing is that the seller has never occupied the residence.
The common areas of One Singer Island Condominium are equally lavish. There are a two-story lobby with glass tile mosaic and staircase, which makes this condo to look more like a mansion. They also include full wet bar, a billiards salon with adjacent wine room (featuring climate-controlled wine lockers for residents), art gallery, a theater, a study and a fitness center. Outside the building, there is a sizable loggia with a summer fireplace, Jacuzzi and heated pool.
This is an incredible oceanfront living option for those who dislike the hassles associated with single family home ownership, but who also dislike large, crowded condo buildings. One Singer Island’s exclusivity provides a perfect balance, Lesnock said. [Platinum Luxury Auctions]