Platinum Luxury Auctions, a firm specializing in the non-distressed, auction sale of distinguished properties nationwide, is pleased to announce the upcoming auction of an oceanfront penthouse located on Singer Island in Palm Beach County, Florida. Previously offered for $13 million, the newly-completed and professionally decorated Signature Residence will be sold to the highest bidder at or above the auction’s $5.9 million reserve price during a live bidding event on December 6, 2014. Premier Sales Group, Inc. of South Florida, represented by agents Carolyn Block Ellert and Laurie Ingber, is cooperating with Platinum for the transaction.

“While the reserve price for this residence may seem somewhat lofty on a per-square-foot metric, the buyers for this type of unit will realize it is still very much a bargain price in this building,” stated David Enriquez, Platinum’s vice president of operations and manager for the transaction. “Prior to our launch of this promotion, an immediately comparable unit in the building sold for $7 million, and that was for a bare concrete shell without interior walls. In comparison, this penthouse is professionally decorated and furnished.”

Designed by Italian architect Piero Lissoni, the 4 bedroom, 5 full and 1 half bathroom unit offers oceanfront living at its finest, boasting more than 6,100 interior square feet in addition to 2,500 square feet of private, rooftop terraces. Floor-to-ceiling windows, sliding glass doors, and 11-foot ceilings combine to create a bright and open living space. Exceptional finishes are located throughout, and include Calacatta and white Diamante marble, Art Silk designer carpets and rugs, custom millwork, and a Sonos audio system with built-in speakers. Two private elevators service the penthouse.

“The unit was completed just in time for the auction promotion, so it is literally ‘brand new,'” said Trayor Lesnock, Platinum’s president and founder. “Add the fact that the residence is selling ‘turnkey,’ and this is about as seamless as it gets in terms of stepping into a luxurious, oceanfront lifestyle.”

Building residents enjoy access to a collection of luxury amenities and world-renowned services, including a 24-hour concierge, valet parking, state-of-the-art fitness facility, a business center and library, a social room with a catering kitchen and billiard table, in-residence dining, as well as multiple lounges and a theater. The development also enjoys 375 feet of direct oceanfront access, a heated lagoon pool, a resort pool with Whirlpool spas and overhanging palm trees, a private poolside restaurant, a chef-maintained herb garden, and an outdoor kitchen and barbeque area. Premium amenities include private garages for automobiles and sporting equipment, air-conditioned storage rooms, private guest suites, and oceanfront cabanas.

Known for its white sand beaches, Singer Island is an oceanfront paradise providing ample opportunity for luxury and leisure. The area’s beaches have been dubbed by the Travel Channel, U.S. News, and USA Today as some of the best in Florida, and the community also boasts a vibrant cosmopolitan center with countless high-end restaurants, entertainment, and luxury shopping destinations. In addition, six golf courses, many of which are PGA-rated, are located nearby.

Beginning November 12th, property previews will be held by appointment between 12pm and 5pm daily, until auction day.

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