Destin’s most desirable waterfront estate, which was the subject of HGTV’s May 19 “Extreme Homes,” will be available for purchase for one day only — Wednesday, June 12. The Italian-style luxury home nestled in the exclusive Waterford neighborhood of gated and guarded Kelly Plantation will be offered at absolute auction at 2 p.m. by Grand Estates Auction Company. The home, which features eight bedrooms, seven bathrooms, and two powder rooms, seamlessly blends indoor and outdoor living space and has every imaginable amenity on 410+/- feet of water frontage.
“This luxurious waterfront home presents a one-of-a-kind opportunity to own a perfectly appointed, waterfront estate home in Destin’s most exclusive community,” said Stacy Kirk Reich, president of Grand Estates Auction Company. “The owners are motivated sellers who determined the live auction process provides the best forum for selling a unique property such as this. On June 12, buyers can name their price on this truly remarkable property.”
Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value. Absolute auctions require no minimum bid or reserve price and are becoming increasingly popular with buyers and sellers of luxury real estate throughout the world due to their timeliness and transparency. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction.
On May 19, potential bidders got a sneak preview of the waterfront retreat’s spacious indoor and outdoor entertainment space, 100-foot dock on Jones Bayou, 8-car temperature-controlled garage, gradual-entry pool and breathtaking views on HGTV’s “Extreme Homes.” The scenic location, expansive living space, resort-like amenities and state-of-the-art systems made this home a perfect candidate for the program.
The home is entered through an impressive 10-foot double Cantera doorway into a grand entryway with soaring ceilings, drop down chandelier, dual stairway, and beautiful water views. The commercial-grade kitchen also looks out to the water and features a DCS gas stove, two Wolf ovens, a 95-square-foot pantry, and African Verda Granite. The master suite boasts soaring ceilings, a custom travertine fireplace, picture windows facing the bay, sitting room, heart-shaped Jacuzzi hot tub for two, large travertine shower, and extensive his-and-hers walk-in closets. Additional entertainment venues include a game room with wet bar, exercise room, massage room and theater. Outdoor living features encompass a 4,500± sq. ft. area with a gradual entry pool with waterfall, grotto bar, hot tub, summer kitchen, and sitting area with fireplace; all positioned to view the evening sunsets.
The auction will start promptly at 2 p.m. June 12. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview with times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560. A $150,000 certified check or personal check along with a bank letter of guarantee will be required to register to bid. Real estate agents and brokers are fully protected and encouraged to participate.
Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean. Established in 1999, the company was the first of its kind. The company is based in Charlotte, N.C. with offices in Atlanta, Naples, Fla. Aspen, Colo., and Vail, Colo. For more information and auction details visit www.GrandEstatesAuction.com.