real estate auction results

Dennis Kozlowski's Former Home Sells At Auction

Filed under: Estates

When I can I like to follow up with some of the results of the big real estate auctions we cover. Last month we mentioned a huge home in New Hampshire that would be auctioned off on November 9. Grand Estates Auction Co., was selling this home on 15 acres in North Hampton, New Hampshire. This property was once owned by infamous former Tyco International CEO Dennis Kozlowski. The current owner has been rebuilding the estate virtually from the foundation up for the last six years.

Seacoast Online reports that the 10,000-square-foot mansion sold for $4.2 million. The 15-acre property was assessed at $9.4 million. The article says that both the buyer and the seller were happy with the price. The info on the new owners hasn't been disclosed. There were 16 registered bidders taking part in the auction.

The home has been redone on a grand scale since Kozlowski's residence. An artist spent two years hand-painting walls and murals throughout the home's more than 10,000 square feet. There is a 1,600-plus-square-foot master suite that fills the entire third floor and has views of the ocean and marsh, complete with octagonal meditation room, en suite kitchen and laundry room, sitting room, and massive master bathroom featuring a handmade Egyptian chandelier.

The huge home has indoor and outdoor pools, spa, steam and sauna, fitness center, tennis court and cabana, massage and game rooms, and a home-theater wing with 13 oversized chairs and a concession stand. A smart home system controls all electronics, including indoor and outdoor security cameras and a dozen flat-screen televisions, at home or remotely. Geothermal heating and cooling, a heat recovery system, underground storage tanks to collect rainfall, and backup generators keep the home going, come what may. There are nine fireplaces, an elevator to all levels, gourmet kitchen with 14-foot, bi-level island and three guest suites including one with a nursery.

Gallery: North Hampton, New Hampshire

Tags: dennis kozlowski, new hampshire real estate, real estate auction, real estate auction results, real estate auctions, tyco

Spring Creek Place, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Another luxury estate is being auctioned off through Concierge Auctions. Today's home is in Vail Valley, Colorado and is part of the Club at Cordillera in the Vail Valley. The home is more than 11,000 square feet and was once listed at $9.5 million. It is being sold absolute and will sell to the highest bidder regardless of price. The September 30 sale is being conducted in cooperation with Suzi Apple of Gateway Land & Development.

"The Club at Cordillera is a crown jewel of the coveted Vail Valley – offering the utmost in luxurious amenities amidst secluded exclusivity," says Apple. "50 Spring Creek Place is one of the finest homes that has ever been built in the entire Vail Valley in my 30 year career. This auction format presents an unprecedented opportunity for any buyer interested in living the Vail lifestyle."

The home has five bedrooms and overlooks Spring Creek with the Sawatch Mountain Range in the background. The new home has custom finishes throughout with reclaimed Java limestone, stone walls, wood beam ceilings, and iron railings. There are over 1,000 square feet of stone terraces.

The Club at Cordillera has four golf courses, each with its own clubhouse. There is also fishing, a spa, indoor equestrian arena, miles of riding, hiking and Nordic ski trails, three tennis courts, five indoor and outdoor pools, four fitness facilities, a summer camp and a clubhouse for children.

The 50 Spring Creek Place auction will be held live, on-site on September 30. For more information, visit www.VailLuxuryAuction.com or call 866-818-6986.

Gallery: Spring Creek Place

Tags: colorado real estate, concierge auctions, estate of the day, luxury real estate auction, real estate auction results, vail valley, VailColorado

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Tulip Hill Gets A New Owner

by Deidre Woollard (RSS feed) —

Filed under: Estates, Auctions

When I mentioned Tulip Hill, a Maryland home up for auction, some of you expressed concern that it find a good buyer. Concierge Auctions has released the results of the auction which took place on April 10. The pre-Revolutionary War estate sold above its listing price of $2.375 million (the most recently listed price, it was once as high as $7.5 million). George Graham, CEO of Concierge Auctions has said that their process found bidders who "appreciated the pedigree of the property." There were a total of over 500 visitors to the estate with over 100 interested buyer prospects, and 17 registered bidders from Dubai, England and six U.S. states. Tulip Hill is a Georgian plantation house built by Samuel Galloway circa 1756. It is on nearly 52 acres that includes water frontage and pier and includes terraced gardens and manicured grounds. The buyer is said to be a retired senior military official from the area.

Gallery: Tulip Hill

Tags: estate of the day, luxury real estate auction, maryland, real estate auction, real estate auction results, tulip hill

Peliku Place House Auction Results

by Deidre Woollard (RSS feed) —

Filed under: Estates

A little earlier a reader asked for an update on some of the real estate auctions I've covered. The auction results aren't always available but one that was recently revealed was the result of the auction of the Paliku Place home in Hawaii which was auctioned off on March 8. Concierge Auctions auctioned off two properties on the island of Kauai a 6,015-square-foot ocean bluff estate on 5.79 acres and an adjacent five-acre ocean bluff lot. The estate was previously offered for $9.995 million and was being auctioned with a reserve of $2 million and a pre-sale estimate of $3 to $7 million. The five acre lot was being sold absolute (no reserve) and had a pre-auction estimate of $500,000 to $1.5 million.

The home in Kealia Kai is perched atop Paliku Point and offers ocean views. The home has three bedrooms, study, exercise room, gourmet and a large great room as well as plenty of covered lanai space and a terrace. There is also a pool and spa and a detached guest house with full bathroom, kitchen and garage. The home is secure against the weather with doors and windows rated for 80-120mph winds and a whole-house generator. Other features include a digital security system, central air conditioning and central vacuum.

The house sold for $3.1925 million to a buyer from Colorado, and the adjacent five-acre ocean bluff lot sold for $1.001 million to a buyer from California. Concierge Auctions says that there were a total of 111 interested buyer prospects from 18 U.S. states and Canada, and 17 registered bidders from seven states.

Gallery: Paliku Place