Categorized | Business, National News

Concierge Auctions to Sell Elegant Oceanfront Estate On GB To Highest Bidder

Leading luxury auction firm Concierge Auctions returns to the luxurious white sands of the Caribbean to offer its latest oceanfront estate – 20 Princess Isle, located in the exclusive Freeport area of Grand Bahama Island.

Currently listed for $13.8 million, the property is ideally set on 1.44 perfectly preened acres and includes 150 feet of private beach frontage. The May 14 auction will be held without reserve in cooperation with James Sarles of James Sarles Realty Coldwell Banker.

“The vision was to create a fantasy home, not simply a beach house, which is exactly what we did,” said the seller, David T. Kollat, former executive vice president of marketing of L Brands and president of Victoria’s Secret Catalogue.

“In the fashion business, the primary focus is always on design and attention to detail. Here, we created not only a beautiful home, but a relaxed and quiet place where one could reflect and create. I always loved its tranquility, serenity and solace. We chose to work with Concierge Auctions because we wanted to introduce it to people who will understand not only its international design and style, but also appreciate it and love it for what it is.”

Impeccably crafted to Palm Beach design standards mixed with graceful Bahamian serenity, 20 Princess Isle is an ode to the 1920s Mediterranean/Spanish colonial revival born of Addison Mizner, father of American resort architecture.

The stand-out property is defined by supreme luxury and style, evidenced immediately by its entrance where 16 towering Cuban palms line the drive to the front door of the estate.

Designed by architect John Mitchell with interiors by David Berg, the oceanfront estate features six en-suite bedrooms including a master suite with a private terrace, two fireplaces, a bar refrigerator, custom walk-in closet and a spa bath clad in white Carrera marble with an oversized rain shower and double vanity.

Selling fully furnished, the home is outfitted in custom Ralph Lauren furniture, and a stellar collection of art and framed prints from the likes of Picasso, Warhol, Matisse and other master artists. Additional highlights include an airy formal living room with a Baldwin baby grand piano, a game room with a Brunswick billiards table, hand-made Colombian coral barrel roof tiles, Cyprus-paneled walls, parquet oak floors and Waterworks fixtures.

Equally impressive outside, a massive arched loggia with twin fireplaces spans the entire back façade. The heated lip pool overlooks the manicured lawn and ocean, while stone fireplaces are mirrored at each end.

Lush landscaping throughout property includes Cuban and coconut palms, gumbo limbo and sea grape trees, oleander, hibiscus and silver and green buttonwoods. Also included is a .28-acre canal lot with 100 feet of deep water dockage that awaits a boathouse, guesthouse or a combination for the ultimate Princess Isle compound.

“20 Princess Isle is the epitome of luxury, offering a blend of sophisticated materials and modern amenities with superior craftsmanship and incredible detail,” Sarles said. “The auction process is exciting, knowing this incredible estate will be exposed to an entirely new crop of sophisticated buyers who are sure to fall in love with both the island and this elegant, spectacular home.”

Ideally located just 75 miles off the coast of Florida, Grand Bahama Island offers carefree living with a small community feel, and is easily accessible from numerous locations in the United States and Europe.

Its pristine white sand beaches offer an array of water activities including sport fishing, sailing, snorkeling and scuba diving. With more than 300 sunny days each year and an average annual temperature of 75 degrees, nearly every day is perfect for taking advantage of all there is to see and do.

Several national parks offer peaceful nature trails for viewing exotic plants and flowers, verdant waterfalls and fern gullies and the graceful pink flamingo, which can be found throughout the Bahamas.

Lucayan National Park and The Bahamas National Trust Rand Memorial Nature Centre are both just minutes from downtown Freeport. Additionally, freedom from most types of taxes – property, income, capital gains, inheritance and corporate – makes this locale even more enticing.

“Having been in at least a thousand luxury homes around the world as a part of my job, I can truly say that this particular house stands out as one of my all time favourites,” said Mike Russo, vice president of business development for Concierge Auctions. “The inspiration stemming from Mizner’s Palm Beach design is evident from the moment you walk in the front door. There is not one spot in the home where you couldn’t imagine spending time relaxing or with family and friends, living out your oceanfront dreams.”

Concierge Auctions will host a preview event at the property on April 24 from 5 to 8 p.m. Previews will be conducted daily by appointment between 1 and 4 p.m.

The auction will be held on May 14 at Trump SoHo in New York City. A 2.5 per cent commission is offered to the buyer’s representing broker.

Written by Jones Bahamas

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