Houston Royal Oaks Country Club estate pending sale at $1.98 million by Heritage Luxury Real Estate Auctions

DALLAS, April 15, 2014 /PRNewswire-iReach/ -- HOUSTON – Following intense bidding among seven hopeful buyers, Heritage Luxury Real Estate Auctions® has announced the pending sale of a spacious and elegant home at Houston's prestigious Royal Oaks Country Club for $1.98+ million. The sale of the 7,000-square-foot, five-bed, five-bath residence generated the highest price per square foot in the exclusive Estates community in nearly a decade and is expected to close in just 10 days.

(Photo: http://photos.prnewswire.com/prnh/20140414/73111)

Heritage's extensive, customized national marketing campaign for the home achieved more than 11,600 property website views and more than 200 direct inquiries. More than 50 property viewings took place during the five-day preview. Heritage catered to seven qualified active clients and each presented $100,000 in guaranteed funds before vigorously bidding for the opportunity to call the estate their home.

"The auction generated the highest price per square foot in the Estates at Royal Oaks Country Club since 2008," said Nate Schar, Co-Director of Luxury Real Estate at Heritage. "And the home sold at the high-end of our property analysis, meaning both the seller and the buyer found extremely favorable fair market terms and an exceptionally fast closing period. This is how all luxury real estate auctions should advance."

The lavishly-appointed, fully-automated mansion featured more than 7,000 square feet of living space, soaring 13-foot ceilings, a gourmet kitchen leading to an expansive lanai and pool. The tranquil, first-floor master suite showcased a custom 10-foot window wall with automatic privacy blinds and a spa-like master bath adorned with travertine. The home, overlooking the exclusive Fred Couples Signature Golf Course, also included a guest suite with private entrance, kitchenette, and its own 1.5 car garage.

"This was a highly desirable, meticulously landscaped property in Royal Oaks Country Club, one of the most prestigious neighborhoods in Houston," Schar said. "It was the perfect property to be sold at auction since the auction platform creates a true bidding war bringing multiple buyers to the table versus a traditional real estate listing."

Heritage Luxury Real Estate Auctions® is backed by Heritage Auctions, the world's third largest auction house, with its powerful platform reaching a client base of more than 850,000 members worldwide. Heritage Luxury Real Estate Auctions® specializes in the marketing and sale of luxury real estate throughout the United States, the Caribbean and in select international destinations. For more information, call 877-HERITAGE (437-4824).

Heritage Auctions is the largest auction house founded in the United States and the world's third largest, with annual sales of more than $900 million, and 850,000+ bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit HA.com.

Media Contact: Eric Bradley, Heritage Auctions, 214-409-1871, ericb@ha.com

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SOURCE Heritage Auctions



2014

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