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SOURCE Concierge Auctions
The rare 9-acre estate rests minutes from one of the world's finest walkable golf courses
COVENANT OF RANCHO SANTA FE, Calif., July 11, 2014 /PRNewswire/ -- Concierge Auctions, a luxury real estate auction firm serving high-net-worth individuals worldwide, today announced the August 15th auction of the El Milagro estate in the affluent community of Rancho Santa Fe. The auction will be conducted in cooperation with Laura Barry of Barry Estates. El Milagro was originally offered for $19.995 million and will sell to the highest bidder without reserve.
"Rancho Santa Fe is home to some of the world's most luxurious estates, but El Milagro is in a category all its own," said Barry. "The sellers invested $7M in renovations and interior design – and that doesn't even begin to speak to the unrivaled quality and exquisite beauty of the amenities. I have no doubt that it will be looked upon as one of the greatest estates built in the 21st Century."
A 21,000-square-foot estate unfolding across a 9-acre property, El Milagro is as expansive as it is beautiful. With a 7 bedroom and 8 full and 3 half bathroom main residence, the only full house the lucky buyer of El Milagro will ever experience is on the card table. Add to this spacious living space the home's regulation tennis court, game room, resort style pool, and Dave Pelz-designed pro putting and chipping greens, and it's clear why El Milagro is a haven for entertainment.
Rancho Santa Fe is also a village like no other in the world. Situated in one of the most naturally stunning areas on earth and home to one of the wealthiest communities in the world, Rancho Santa Fe has been described as the definitive "best kept secret" of luxury residential areas – comparable to other beachside communities like the Hamptons and Malibu in quality of life, but without the crowds and temperamental weather.
Indeed, Rancho Santa Fe is the ideal place for those who love to soak up the sun. For the casual spectator, the world-famous Del Mar Race Track is a 10-minute drive away. For those who prefer participating, El Milagro is part of The Covenant, a private community within Rancho Santa Fe that has access to a riding club, garden club, and 60 miles of horse trails, which weave throughout the rolling hills of this community. Just a stroke away rests the world-renowned Rancho Santa Fe Golf Club, a par 72 course designed by master architect Max Behr. And residents who manage to tear themselves from the magnificence of the outdoors can always retreat to the world-class shopping and restaurants that rest at the center of Rancho Santa Fe.
"El Milagro is arguably the most refined and elegant estate we've represented to date," said Laura Brady, Founder and President of Concierge Auctions. "What's more is that the community spirit in Rancho Santa Fe is also second to none. With a population of just over 5,000, The Covenant is still a bit undiscovered, so residents have this special camaraderie built around the knowledge that they are part of the few in on luxury real estate's biggest 'secret.' At Concierge Auctions, we're proud to be part of such a significant sale."
The seller of El Milagro, Bill Walters, is a successful entrepreneur and sports betting icon. Walters, who has owned an auction company in the past, decided to sell his Rancho Santa Fe estate by auction because he knew the method would bring not only a high level of interest but also finality to the selling process.
"I've staked my livelihood on making risky bets. The safest bet I ever made, though, was on El Milagro," said Walters. "When you have a timelessly gorgeous Spanish-Mediterranean estate set just minutes away from one of the best golf courses, one of the best schools, and one of the best race tracks in the entire world, you just can't lose. I never thought I'd say this, but with El Milagro, 'the house always wins.'"
The auction of El Milagro, located at 5425 Los Mirlitos Street, will be held live on August 15th. A 2.5% commission is offered to the buyer's representing broker. The property will be open for preview daily from 1-4pm and by appointment. See Auction Terms and Conditions for full details. For more information, call (212) 257-5067.
About Concierge Auctions
Founded in 2008, New-York based Concierge Auctions has quickly become the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding, Concierge has successfully closed over a half-billion dollars in luxury properties, with $194 million contracted in 2013 alone - at an average price of $5.4 million. The business has spanned the globe, domestically from New York to Hawaii, and abroad from Fiji to Toronto.
This property is listed for sale by Laura Barry (01154111) of Barry Estates, Inc.(1076961), 6033 Paseo Delicias, Ste. K, Rancho Santa Fe, CA 92067, Auctioneer Frank Trunzo (CA Bond #511522). Concierge Auctions, LLC is the provider of auction marketing services and possesses California Auctioneer's Bond #511475 - 777 S. Flagler Drive, West Palm Beach, FL 33401 (888) 966-4759. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions LLC, its agents and affiliates, broker partners, Auctioneer, and the Sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are fully protected and encouraged to participate. See Auction Terms and Conditions for more details.
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