Real Estate Auction Firms Align for Upcoming Sale of Luxury Estate in Kelowna, BC

KELOWNA, British Columbia, Sept. 29, 2017 /PRNewswire/ -- On the evening of October 5^th, a luxurious estate in Kelowna, BC will be offered for sale at a live auction, to be held on the property site. Originally asking as much as $6.5 million CAD, the single-family home will now be sold to the highest bidder without reserve and regardless of the high bid price. The Canadian arm of U.S.-based auction firm Platinum Luxury Auctions has aligned with The Garage Sale Luxury Auction House, a Kelowna-based real estate auction firm, for the sale. The two firms are working in collaboration with listing agents Jane Hoffman and Kristy Huber of The Jane Hoffman Group, a sales team with Coldwell Banker Horizon Realty in Kelowna. Coldwell is the listing brokerage of record for the transaction.

With the luxury real estate auction industry being known as exceptionally competitive, a cooperative alliance of two auction firms is rare. "We're able to work together because our respective corporate cultures are so well-aligned," stated Trayor Lesnock, Platinum's president and founder. "Offering intensive client service, turning over every stone using a comprehensive and measurable marketing program, and focusing on 'Quality over Quantity' are traits we share with The Garage Sale team." Lesnock added that the two firms are working towards a more committed relationship going forward, with a focus on expanding auction operations in the premier luxury real estate markets across Canada. "At this time, however, we're focused intensively on the October 5^th sale."

The picturesque, three-story residence sits upon 14.5 acres, and offers more than 10,000 sf of living area, with 5 bedrooms, 5 full and one half bath. With a location that is only 15 minutes from downtown Kelowna, and set within the rolling hillsides off of the Okanagan Lake, the estate offers proximity to core urban amenities while also providing for plenty of peace and quiet - in addition to sublime lake views.

A gated entry leading to a large courtyard with neatly manicured landscaping gives the property a stately presence, while interiors are more relaxed, bright and welcoming. Prominent features of the property include a grand salon with soaring, 22-ft ceilings, a large terrace overlooking a salt-water pool, gourmet kitchen with professional-grade appliances, wine cellar, gentleman's study and a billiards room finished in Honduran mahogany. The sumptuous master suite is set within a private wing on the upper level, and includes a soaking tub and steam shower.

In addition to its lake and city views, the home's outdoor spaces overlook acres of orchards currently planted for Gala apples. The soil, recently tested by a local winery, was found to be suitable for wine grapes and excellent for cherries.

Kelowna has evolved into one of western Canada's most desirable locations, and was ranked as the country's top city for entrepreneurs in 2016. Much of the city is located around Okanagan Lake, a 135 km-long by 4-5 km-wide body of water in British Columbia's Okanagan Valley. The lakeside landscape is known for is terraces, which often feature beautiful fruit orchards. The shores of the lake are also home to many parks and beaches. Boating and water sports are popular activities in residential lakefront areas, especially during the warmest months of the year.

The property is available for open house previews daily until the auction date, between the hours of 12 and 4pm (PT). Additional information is available at KelownaLuxuryAuction.com, or by contacting a member of the Platinum team at 800.419.1629.

About Platinum Luxury Auctions
Platinum Luxury Auctions is responsible for developing the luxury auction^® model for high-priced real estate auctions. The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum's team has closed more than $708 million in luxury real estate auction sales to date, while consulting on more than $2 billion in additional luxury properties worldwide.

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SOURCE Platinum Luxury Auctions