Tampa Area Luxury Gulf-Front Home to be Sold at April 1st Absolute Auction

PORT RICHEY, Fla. - March 28, 2014 - PRLog -- Owners of an exquisite Tampa area waterfront home on the beautiful Gulf of Mexico have turned to an absolute auction to sell their luxury property at a time when luxury home sales in Florida are growing exponentially.  According to the most recent report by Florida Realtors economists, year-over-year closed home sales for luxury homes priced $1 million and above increased by 84.8 percent.  In this rapidly growing luxury market, buyers and sellers alike are looking for new ways to establish market value.  With Florida’s global appeal, the owners of this five-bedroom, seven-bathroom resort-style home with panoramic views have turned to the experts at Grand Estates Auction Company.  The home will be sold at absolute auction with no minimum bid and no reserve on Tuesday, April 1^st at 2:00 p.m. EDT.

“The luxury real estate market is following a different and more rapid recovery than the general housing marketplace,” stated Stacy Kirk Reich, president of Charlotte-based Grand Estates Auction Company.  “Florida in particular is seeing steady growth that surpasses the rest of the nation.  The owners of this gorgeous Gulf of Mexico waterfront estate are motivated sellers who understand that the live auction process attracts a global market while establishing fair market value in its purest and quickest form.”

The waterfront open-floor-plan estate features views of the Gulf of Mexico from every level.  Attention to detail and fine exotic materials are evident in the wood-paneled library with coffered ceilings, the formal living room with hardwood floors, the well-appointed formal dining room, the gourmet kitchen with top-of-the-line appliances and a large island, and the master bedroom with a three-sided gas fireplace, sitting room, private lanai and luxurious master bath.  Perfect for entertaining or private family escapes, the home features a state-of the-art home theater with stadium-style seating, a billiards room with pub-style bar and antique brick wine cellar, a summer kitchen, and numerous outdoor living spaces with cypress ceilings and a stacked-stone gas fireplace, all leading to the resort-style pool with hot tub.  A six-car garage completes the package.

Nestled in the exclusive, gated neighborhood of HarborPointe, this waterfront luxury residence is the ultimate retreat along the shores of the Gulf of Mexico, which is renowned for its world-class fishing, pristine waters, and breathtaking sunsets, yet is only 40 minutes from Tampa International Airport.  In addition to a private dock with boat lift and jet ski lift, homeowners have access to the private HarborPointe marina.  For the golf enthusiast, there are 16 nearby golf courses.

Grand Estates Auction Company specializes in creating comprehensive global marketing campaigns for luxury properties and selling those properties to the highest bidder at auction.  There are no contingencies, no lengthy negotiations, and timelines for closing are already established.  To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction.  Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value.

The auction will start promptly at 2:00 p.m. on Tuesday, April 1^st.  Provisions for remote bidding can be arranged.  The property will be available for prospective bidders to preview beginning Friday, March 28^th, at 11:00 a.m., with daily preview times scheduled through the date of the auction.  Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560.  A $100,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid.  Real estate agents and brokers are fully protected and encouraged to participate.

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean.  Established in 1999, the company was the first of its kind.  The company is based in Charlotte, N.C. with offices in Aspen, Colo., Atlanta, Denver, Naples, Fla. San Jose, Calif., Savannah, Ga., and Vail, Colo.  For more information and auction details visit www.GrandEstatesAuction.com.