Welcome!

News Feed Item

Concierge Auctions secures highest property price since $15M sale in 2008 in Rancho Santa Fe, California

COVENANT OF RANCHO SANTA FE, Calif., Aug. 19, 2014 /PRNewswire/ -- Concierge Auctions, a luxury real estate auction firm serving high-net-worth individuals worldwide, today announced the successful auction of El Milagro, the storied home of sports betting icon Bill Walters. Following a spirited auction with 8 bidders, El Milagro has gone under contract for what, when closed, will be the highest recorded price in the exclusive Covenant of Rancho Santa Fe since a $15M sale in October, 2008. The property went under contract in cooperation with Laura Barry of Barry Estates.

Photo - http://photos.prnewswire.com/prnh/20140819/137498

The seller, Bill Walters, is a successful entrepreneur and renowned gambler who is credited with introducing statistical analysis to the world of betting. "I've always been pretty good at staying on the cutting edge of trends," stated Walters. "Non-distressed sellers will increasingly choose to sell their trophy properties through auction, as it's simply the best way to take control. If the market is trending up, then strong bidder interest drives the highest price. If it's down, the auction creates momentum and urgency. And, best of all, the seller has a defined date of sale."

Unique attributes of El Milagro include:           

  • An expansive property, spread across 9 rare unobstructed acres within the exclusive Covenant of Rancho Santa Fe
  • An ideal location, situated within the top school district in the San Diego area, just four miles to Pacific Ocean beaches, and thirty minutes to downtown San Diego
  • Dave Pelz-designed pro putting and chipping greens
  • A 45,000-gallon all tile 80' resort-style pool and spa
  • An ideal climate, with temperate year-round temperatures

Concierge Auctions' marketing efforts resulted in:

  • Over 15 earned media opportunities
  • Over 10,000 website visitors from 48 US states (led by California, Texas, Florida and New York) and 100 international countries (led by Canada, Australia, the UK and Mexico)
  • 198 open house visitors
  • 122 showings
  • 8 bidders

Listing agent Laura Barry stated: "The Concierge process is great for one-of-a-kind properties because there are no negotiations — the 'counter' situation is removed from the equation — and value is identified real-time."

"Though Rancho Santa Fe is comparable to the nation's most notable communities like the Hamptons and Malibu in quality of life, it has lacked the renown of these globally recognized destinations," said Laura Brady, Founder and President of Concierge Auctions. "When Bill approached us for this auction, our mission was clear: to position Rancho Santa Fe alongside the best communities and El Milagro among the best residential estates in the world. Now, with the highest sale in Rancho Santa Fe in three years, it's not an exaggeration to say that our continued success in auctioning the world's finest properties like El Milagro is revolutionizing the luxury real estate industry."                                                                                                                  

About Concierge Auctions

Founded in 2008, New-York based Concierge Auctions has quickly become the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding, Concierge has successfully closed over a half-billion dollars in luxury properties, with $194 million contracted in 2013 alone — at an average price of $5.4 million. The business has spanned the globe, domestically from New York to Hawaii, and abroad from Fiji to Toronto.

Media inquiries: Jamie Silverstein, [email protected],

SOURCE Concierge Auctions

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they b...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...