Atlanta Penthouse Auction

Last Updated on Monday, 26 April 2010 01:40 Written by a2e Monday, 26 April 2010 01:40

Grand Estates Auction Co., America’s top luxury real estate auction firm with hundreds of successful auctions of one-of-a-kind properties, is selling two distinctive Atlanta-area properties, including a penthouse owned by a former CEO of Coca-Cola Enterprises, on the same day – Tuesday, May 4. Both will be sold at “absolute” auctions.

For the first May 4 auction, at 11 a.m., Mr. Alm’s penthouse offers stunning views of the Atlanta skyline from every angle and features a 720-plus-square-foot private roof-top terrace with a garden and spa. “I bought it because it allows outside living in downtown Buckhead, which is very unique,” he said. Just minutes from the city’s sporting events, nightlife and finest restaurants and shopping, the 2,600-plus-square-foot home also offers three bedrooms, three bathrooms and an upscale kitchen in a bright and open environment with 14-foot ceilings. The building offers an amenity package to homeowners, including private 24-hour security and concierge, private pool, fitness center and parking. The home is being offered fully furnished.

The second May 4 auction, at 3 p.m., features a French Country estate situated on a Jack Nicklaus-designed golf course in nearby Alpharetta, with five bedrooms, seven and a half baths and more than 9,000 square feet. The estate, built in 1990, has recently added the latest energy-efficient technology, chef’s kitchen, entertainment patio and living room, media room, gym and game room. The exterior of the home is just as breathtaking, with a three-tiered waterfall and reflecting pool overlooking three acres of manicured landscaping surrounding the property.

Understanding that casting the widest net will attract the highest number of qualified bidders, Grand Estates’ 20-person team utilizes its broad experience in marketing luxury real estate to produce attention-grabbing marketing materials, said Stacy Kirk, president of Grand Estates, with offices in Atlanta, Charlotte, Dallas, La Jolla, Calif., Naples, Fla., and Vail, Colo. Advertising and promotion of each property is featured in high-end publications, including Forbes, The Wall Street Journal and The New York Times.

Founded in 1999, Grand Estates has successfully auctioned hundreds of luxury homes, in the $1.5 million to $10 million range.

Grand Estates auctions are open only to registered bidders, who are required to submit a refundable cashier’s or certified check prior to the auction. Prospective bidders and sellers should contact Grand Estates Auction Co. at 800 552-8120 or 704 529-0026 for bid registration requirements and to inquire about the showing schedule before the auctions. For more information, see www.GrandEstatesAuction.com

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