The owners of a sizable, multi-million dollar manor in the Woodlands are turning to an auction firm for help. The firm, Miami-based Platinum Luxury Auctions, will begin taking onsite offers for the 30,000-square-foot, Carlton Woods home on February 20th at 6 p.m. CST. The reserve price for the manor has been set at $6 million. According to David Ashcroft, Platinum's project manager for the sale, the manor is priced at a significant discount, as it's estimated to have cost $20 million to construct and furnish. One reason for the discount, the manor has been on the market for four years. "They really weren't that motivated when they (initially) listed it. Now they're just ready to move it," said Deborah Coleman Ratcliff of Coleman Realty Services, the manor's listing agent. For Coleman Ratcliff, this is the first time she's sold a home in cooperation with an auction firm. She says the owners where motivated to go the auction route after another home in the Carlton Woods...
- The manor represents the second Carlton Woods home to recently go up for auction.
- The reserve price set for the home is a significant discount.
- Using an auction firm to sell a manor brings in more international buyers.