Previously listed at $4.4 million, home’s opening bid is $1.9 million
CORONADO, Calif.--(BUSINESS WIRE)-- Auction.com, the nation’s leading online real estate marketplace, and its Luxury Home Division will auction a Coronado luxury home that possesses dramatic views of the Pacific Ocean and San Diego skyline Dec. 3-5.
Located at 1070 Coronado Ave. and previously listed at $4.4 million, the home’s starting bid is $1.9 million. A public open house is scheduled from 1-5 p.m. on Nov. 10.
“The starting bid and location make this property an ideal primary residence or vacation home for buyers who enjoy the unique charm of Coronado. We expect a high level of buyer interest and a winning bid that represents the true market value,” said Jennifer Leuer, senior vice president of Auction.com’s Luxury Home Division.
Listed by Ruth Ann Fisher of Del Realty, the 4,616-square-foot home has six bedrooms, 5.5 bathrooms, and unparalleled space for entertaining both inside and out. Custom features include a pool with an outdoor kitchen, beamed ceilings, roof top deck, game room and a four-car garage. Located one block from the beach, the property offers breathtaking sunset and skyline views.
Auction.com’s marketing efforts are expected to deliver a pool of bidders who are seeking a beautiful, ocean-view home at a price that’s commensurate with the current market.
“While Auction.com’s luxury platform provides a level of transparency that ensures a fair market price for buyers, our marketing efforts deliver a maximum level of exposure that clearly benefits the sellers. This produces the best possible results for both parties,” Leuer added.
All bidders must register and qualify with a $10,000 deposit at www.auction.com/luxury. Agents who work with Auction.com keep their listings and full commissions. Auction.com earns a 5 percent buyer’s premium, which is paid by the buyer at the time of closing.