There is an opportunity for buyers to bid for an ultra luxury penthouse condominium in Boca Raton, Florida. Platinum Luxury Auctions, who handle only luxury auctions have announced an auction on June 21. The penthouse which was originally listed for $8 million has a reserve price of only $4.2 million for the auction. The property is open now for previews by appointment. The interested bidders will have to register prior to the auctions. The penthouse heading for the auction block is fully furnished. It has recently undergone a comprehensive renovation and custom reconstruction costing $4 million.
The property with a separate poolside cabana and a full bath is one of 27 ultra-luxury residences at the prestigious Excelsior Condominium. It is located directly on the beach in Boca Raton. It is the most prestigious condominium addresses on the Palm Beach County, also known as the Magnificent mile. Excelsior is known for its opulent lifestyle and a high degree of privacy and security. The penthouse on sale is one of the two units occupying the entire top floor. It is a true penthouse that offers sweeping views of the Atlantic Ocean on the east and Lake Boca Raton on the west.
The 5,100 square feet penthouse features 3 bedrooms and 2 and half baths. The reconstruction has transformed it into a modern and elegant residence with 48-inch slab granite floors with inlaid LED crystal lighting, hand-painted French murals, Italian glass mosaic bath decor, and hand-blown glass sinks. A Crestron home automation system controls audio/video, climate, security, lighting, and window treatments. The penthouse also boasts of programmable shower system and a ceiling-concealed television. The unit is in brand new condition as it has never been occupied after the reconstruction. Trayor Lesnock, President of Platinum Luxury Auctions feels that it being the first oceanfront penthouse auction in the area presents a wonderful opportunity for the interested buyers.