Platinum Luxury Auctions, one of the US’s leaders in the non-distressed, auction sale of multimillion-dollar properties, has announced the October 17, 2015 auction of a contemporary estate in Rancho Santa Fe, California designed by prominent architect Jorge Engel.
Previously asking $9 million, the property will now be sold to the highest bidder who meets or exceeds the auction’s reserve bid of only $3.5 million. Platinum is managing the sale in cooperation with listing agents Peter and Judy Corrente of Pacific Sotheby’s International Realty. This transaction marks Platinum’s third consecutive auction planned in the San Diego County market in cooperation with Pacific Sotheby’s.
The contemporary mansion is situated on 3 acres within the exclusive community of Rancho Farms Estates, a private, residential enclave that includes only thirty-five luxury properties. Engel, who has made his mark on everything from luxury homes and commercial buildings to custom furniture and fine art, designed the home with clean, geometric exteriors balanced by open, flowing interiors accented by smooth, curved lines.
“Those who enjoy thoughtful architecture and the modern aesthetic will love this home,” stated Trayor Lesnock, Platinum’s president and founder. “It has design elements that one might find in a sophisticated loft in Manhattan, blended with the warmth and comfort of a ‘modern ranch’ estate in southern California.”
The estate boasts more than 8,800-square-feet of living space, with five bedrooms, six full and two half-baths. Spacious common areas feature lofted ceilings and include a formal dining room, grand salon, gourmet kitchen, two living rooms and a formal office.
Fine finishes are located throughout the interiors, with rich woods and nine types of granite providing elegant design accents. Patios are located off of each main room, providing additional outdoor living space. There is also a built-in audio system that services both the interiors and the outdoor living areas.
Meticulously landscaped grounds, which include a Japanese garden and a reflecting pool, extend the home’s clean aesthetic to its outdoor surroundings. An upper, outdoor living area offers covered, patio dining and an adjacent summer kitchen, while the lower area offers a fantastic, 75-foot saltwater pool with a built-in spa. The pool deck also includes a cabana bath, waterfall features, and a large lounge area flanked by architectural columns.
Rancho Santa Fe is located within Southern California’s San Diego County, and is known for having one of the highest per capita income rankings in the country, having been recognized as one of the nation’s wealthiest communities by Forbes and CNN Money.
The area is located within a 40-minute commute of downtown San Diego, is and only four miles from Pacific coast beaches. Popular destinations such as La Jolla, Del Mar and Encinitas are all within a short drive. Most residents of “The Ranch” – as it is often called – enjoy active lifestyles that include golf, tennis, horseback riding, hiking and gardening.
Beginning September 24, 2015, property previews will be held daily from 1-4pm, until the auction day. For more information, interested parties may visit RanchoFarmsLuxuryAuction.com or call 1-800-460-5340.