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REAL ESTATE - COMPANY NEWS

Platinum Luxury Auctions Announces Pending Sale of Kiawah Island Beach Home

Thursday, February 22, 2018

Luxury auction® firm Platinum Luxury Auctions has announced the sale of this multimillion-dollar beachfront home on Kiawah Island, SC.

REAL ESTATE - COMPANY NEWS

Source : Platinum Luxury Auctions

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A luxurious beach home located within the exclusive Vanderhorst Plantation community on Kiawah Island has been sold as the result of a live auction held on the property site this past Saturday, February 17th. Luxury real estate auction firm Platinum Luxury Auctions reported that while the sales price of the auction will not be revealed until closing, the price handily exceeded the $3 million mark - far in excess of the auction's reserve price of $1.75 million. Platinum managed the auction sale in cooperation with South Carolina-based brokerage Atlantic Properties of the Lowcountry, represented by listing agent Mary Lou Wertz.

Ms. Renie Harwood, the owner of the property, selected Platinum for the non-distressed sale after a lengthy process of interviewing real estate auction companies. In a thank you letter sent to the Miami-based auction firm, Ms. Harwood stated that the results of the sale "surpassed my expectations" and called Platinum "one of the good guys" in the real estate industry.

"We were pleased to see the very robust response to this luxury auction offering, especially given that the home failed to sell after a listing period of 2 and ½ years," stated David Enriquez, Platinum's vice president of operations. He added that during the 5-week promotional program in advance of the sales date, more than 14,900 international website hits were registered to the property's page on the Platinum site, which resulted in 99 bona fide buyer inquiries and 7 registered bidders on auction day.

The winning auction bidder was described by Mr. Enriquez as a private individual who has owned multiple properties on Kiawah Island. The buyer was actually traveling abroad during the live auction, but participated via telephone with a representative who was stationed on-site to place the phone bids in real time.

The tri-level beach estate sits on a 0.7-acre lot offering 25 feet of direct beach frontage. The parcel's lengthy, rectangular shape includes a gently winding walkway leading directly to the beach.

The main residence provides 4 bedrooms, 5 full and one-half baths, and more than 5,700 square feet of living space, while a separate guesthouse - which also serves as a cabana - adds another bed, full bath, and 350 square feet of interiors. Prominent features of the home include a large salon with oversized windows offering ocean views, an elevator, gentlemen's study, and a large master suite occupying the entire third level.

In addition to the guesthouse/cabana, outdoor amenities include multiple terraces and patios with ocean views, a large sundeck surrounding a private pool, and an outdoor shower for rinsing off the surf and sand.

The sale is scheduled to close within 30 days, although Platinum noted that the all-cash sale might close sooner, at the request of the buyer and seller. Additional information on this transaction is available online at KiawahLuxuryAuction.com, or by contacting Platinum's offices at 800.262.5132.





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