Luxury Real Estate: $12.5 Million Waterfront Estate In Connecticut To Go Under The Hammer

Selling a house in a frozen market seems like a near impossibility sometimes. That may well have been the case with the owner of a waterfront estate in Darien, Connecticut, but he has decided to take the auction route. Now, generally, the word “auction”, especially when used with respect to luxury real estate, conjures up images of a last ditch effort to get rid of the said property. But that is not the case here.

On the contrary, the owner of this estate has gone the auction way in a bid to create buzz about the property, which has been on the market for a year now. The luxury estate auction, it is hoped, will culminate by finding a buyer for the $12.5 million property, which boasts of French Norman architecture.

Concierge Auctions, a specialist in selling luxury homes within a deadline, has taken up the job and is already creating plenty of buzz about the property. According to Doug Milne, the listing agent, ever since Concierge Auctions came onboard, 26 individual groups visited the house over a 10-day period – that is three times the number of visits made to the house over a year. The auctioneers place staff at the property everyday from 1pm to 4pm, to offer tours of the house and respond to queries.

The 6,800-square-foot home has five bedrooms, five-and-a-half baths, with an inground pool, a hot tub and a guest cottage. Located on Scott’s Cove, this waterfront estate offers fantastic views of the surroundings.

Meanwhile, Concierge Auctions will be offering incentives to buyers for opening bids between $6 million and $10 million. To have a shot at buying this property, buyers must register before 25 June with a $250,000 deposit and undergo a financial check.

Via: NY Daily News

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