There are multiple ways to buy a million dollar home – but what about buying a 20 million dollar mansion? Well, you COULD take out a mortgage and, essentially, sign away a good chunk of your fortune in closing costs…or…you could (and most likely would – if you’re even in the market for 20 million dollar home for sale) purchase the estate with cash.
But, there’s an even more enticing and exciting – not to mention mutually beneficial – way for owners and buyers of 20 million dollar homes for sale to complete the transaction quickly, legally, and even have a bit of fun in the offing. How? Via a luxury real estate auction!
A Phenomenon Happening in the World of Luxury Real Estate
Luxury real estate auctions have long been a profitable, efficient and relatively enjoyable way for the elite to transact. From sports teams to vintage vehicles and near-priceless works of art, auctions have proven themselves to be a unique opportunity to purchase pieces of property, a very straightforward and transparent process that both sellers and buyers appreciate.
In the real estate world, selling a 20 million dollar mansion at auction is far from an everyday occurrence. In fact, on September 27th, 2014, the largest and perhaps the most expensive private home ever to be put up for sale at no-reserve absolute auction will be sold to the highest bidder.
Serenity Ridge in Parker Colorado
Located on 70 rolling acres in Parker, CO – a suburb of Denver – this mansion offers stunning views of the Colorado Front Range and the Colorado Rockies. This potentially 20 million dollar home for sale has 50,000 square feet of indoor and outdoor living space. The residence features 11 bedrooms, 2 conference rooms, 2 connecting apartment suites, (for guests who like to have their own space), 4 kitchens, 2 elevators, gym, indoor pool atrium, an entertainment wing with game room, home theater, bowling alley and separate staff residence. There’s even a 4-star restaurant quality bar and concert stage with its own dance floor.
What’s perhaps most exciting about this particular luxury real-estate auction is the fact that >the home is being sold fully furnished and has no reserve. So, as long as the bidders are qualified and able to complete the purchase of this luxury Colorado home within 30 days from the moment they win the auction, this auction presents a rare opportunity for bidders to purchase a stunning piece of property at their own price.
To learn more about this or other luxury real estate auctions of 20 million dollar homes, contact Supreme Auctions at 866-929-2243 or via email.
