An auction of 11 luxury homes located throughout Park City, Utah is scheduled for August 27th. Accelerated Marketing Partners is holding the nation's largest residential sealed-bid auction with a total of nearly $80 million in property up for grabs. Published minimum reserves for the homes range from $1.495 million to $15.875 million and represent an up to 54 percent reduction in price.These are lavish estates, several have ski-in/ski-out access and overlook resort communities or are located in golf communities. The estates are being sold by motivated individuals who are ready to commit to the highest bidder.
"As the nation's largest sealed-bid, published reserve auction, this watershed event offers a once-in-a-lifetime opportunity for prospective buyers around the country to purchase preeminent mountain homes at unbeatable prices," said Ken Stevens, west coast CEO and co-founder of Accelerated Marketing Partners. "As we have seen through our previous highly successful Park City sales, Lookout at Deer Valley and Silver Strike Lodge at Empire Pass, savvy buyers are out there, waiting for an opportunity to purchase luxury estates at price points they are comfortable with, and they determine."
The property shown above is DeerField Estate, a 15,000-square-foot estate developed by builder Eustace W. Mita of Achristavest, LLC. It was previously the highest listed property in all of Deer Crest and the fourth highest in all of Deer Valley when it was taken off the market a year ago at $28.975 million. The estate has seven suites, a private gondola for ski-in/ski-out access, indoor swimming pool, billiards, theater, family room with open truss cathedral ceilings and a wine room with 18th Century French cast-iron doors. The published reserve for DeerField Estate is $15.875 million, 54 percent less than the previous asking.