Martha’s Vineyard luxury real estate auction: Concierge Auctions to have absolute auction of historic Marthas Vineyard inner harbor estate

CONCIERGE AUCTIONS TO CONDUCT A LIVE, ABSOLUTE AUCTION OF A HISTORIC MARTHAS VINEYARD INNER HARBOR ESTATE ON DECEMBER 3RD
Storied waterfront estate c1924 to sell to the highest bidder

MARTHA’S VINEYARD, MA – November 9, 2011– A historic Edgartown estate built in 1924, located within walking distance to shops and restaurants with direct frontage on the Inner Harbor, will sell during a live, absolute auction on December 3^rd, Concierge Auctions has announced. Conducted in cooperation with listing agent Gerret Conover of LandVest, a Christie’s International Real Estate affiliate, the property at 31 S. Water Street will sell to the highest bidder. It was originally listed for $9.35 million.

“The sellers’ decision to move towards an absolute auction creates a rare opportunity to purchase a historic estate in one our nation’s most popular destinations for a great value,” Conover stated. “We are offering a 2.5% co-broker commission and invite all agents to register their buyers and enjoy a seamless, non-contingent transaction with a closing before the end of the year.”

Cared for since 1928 by generations of the same family, 31 S. Water Street is a historic residence offering six bedrooms, five baths and four levels of direct harbor views across an expansive lawn, complete with an in-ground swimming pool. Located in the heart of Edgartown’s historic district, mere steps from the Village, the property displays the quintessential Martha’s Vineyard historic architecture of wood shingle siding and crisp, white trim.

“The silent auction attracted a great deal of interest, and we are now ready to take things to the next level by conducting a ‘live’ auction where the property will sell to the highest bidder,” stated Laura Brady, Vice President of Marketing for Concierge Auctions. “Interested buyers and agents should become involved and visit the daily open houses, as the opportunity won’t be around for long. Following generations of ownership within the same family, this storied property will soon begin its next legacy.”

The auction of 31 S. Water Street will be conducted “live” on December 3rd. A 2.5% commission is offered to the buyer’s representing agent. See Auction Terms and Conditions for full details. The property will be available for preview daily from 1-4pm and by appointment. For more information call 800-211-1785 or visit EdgartownAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby’s International Realty^® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit www.ConciergeAuctions.com