Grand Estates Auctions sells highest priced home in five years in Pasco County, Florida.

Sale achieved at auction sets a new benchmark for the entire Pasco county near Tampa, Florida. 

Industry leader Grand Estates Auction Company, with an unsurpassed closing success rate for luxury real estate auctions, sold a luxurious Gulf of Mexico waterfront home in Port Richey 40 minutes from Tampa, Florida at an absolute auction on Tuesday, April 1st.

According to county records the sale price is the highest since 2009 and is the 24th property that Grand Estates Auction has sold in Florida. After an extensive 30-day marketing campaign, which produced over 25,000 unique visitors to the website from 24 states and 8 countries including India, Canada, United Kingdom, Bermuda, Antigua and the United Arab Emirates the luxurious waterfront home has a new owner.

On auction day five properly registered bidders deposited $100,000 in certified funds just to have the privilege of participating in the live auction.

After an exciting auction the winning bidder  signed the non-contingent purchase contracts minutes after the gavel hit and deposited a total of 10% in earnest money which is non-refundable. According to Grand Estates that’s the norm at all their auctions.

Both the buyer and seller are ready and able to close in the upcoming week.

According to Grand Estates Auction their concierge approach to the auction process produces a sale that must close within 30 days unlike some auction companies whose sales remain pending for six months or more even though they’re announced as sold. 

“The intensive marketing involved in the auction process provides a much larger pool of interested parties in a highly accelerated timeframe which produces a closed sale within 30 days of the auction date, however in this particular case both the buyer and seller are looking forward to closing in less than ten days” stated Val Devine, CEO of Charlotte-based Grand Estates Auction Company. “At this Florida auction we had interest nationally and internationally with four of the five bidders coming from Grand Estates Auction Company’s exclusive database of luxury real estates buyers worldwide. A Grand Estates auction combines one-of-a-kind properties, extensive marketing, thorough due diligence, and the air of excitement that only a live auction can produce.”

To find out about upcoming auctions click here .

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