The latest luxury real estate auction from Concierge Auctions puts a Palm Beach, Florida home on the market for a new low price. The home at 100 Via del Lago was originally listed for $10.75 million but when it goes up for bid on May 22 it will carry a pre-sale estimate of $3.85 million to $4.35 million. The auction has a reserve of $2.95 million.
The four-bedroom home is located on over half an acre in the estate section of Palm Beach and is a short walk from a private beach. The home has four bedrooms with more than 5,500 square feet of living space. The home also has a custom outdoor pool, patio and expansive terrace.
The home is owned by Nancy Mendel, a Palm Beach real estate agent. Mendel is a longtime real estate agent affiliated with Sotheby's' Palm Beach brokerage. She built and later renovated the house on Via Del Lago but lives in another home she owns in Palm Beach and leases the Via Del Lago property which has been on the market about three years.
Gallery: Via Del Lago Home Auction