This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Concierge Auctions Sells Hawaiian Home Within The Exclusive Mauna Kea Resort On The Big Island's Kohala Coast At A Live Auction

KONA, Hawaii, March 20, 2013 /PRNewswire/ --  Concierge Auctions, the nation's leading luxury real estate auction firm, is pleased to announce another successful Hawaiian sale. A picturesque home in the exclusive Mauna Kea Resort on the Big Island's Kohala Coast, just a short walk to the beach, sold yesterday at a live auction in cooperation with Linda Bradley, R(B) and Karen Bail, R(B) of Hawaii Life Real Estate Brokers. The buyer is from Canada and is represented by Rick Oliver of Clark Realty Corporation. The sale comes one day after Concierge auctioned ' Hale Ku Mana' in the Hualalai Resort, also on the Big Island. Upon closing, these properties will represent the 25 th and 26 th Hawaiian properties sold by Concierge. 

The seller, Louis Haas explained his experience: "I was contacted approximately 15 months ago by Concierge to put this property, which was for sale at the time, into a Concierge auction. Instead, I kept the home with the local broker and did not receive a single offer over the next year (by the way, I think highly of the local broker — the failure was purely market driven in my estimation). In January, I agreed to the Concierge plan. What a pleasure! The process from beginning to end was smooth as could be — everything was clearly explained, the documents absolutely reflected the terms as explained (as a real estate lawyer I found the documents to be short and sweet), the marketing plan as promised was carried out to perfection, and the auction itself drew multiple bidders and resulted in a clean sale (still to close, but I anticipate no problems). While the price was not what I had hoped for, Concierge deeply probes the market and brings out everyone who could possibly be interested in the property. Upon reflection, the final price of the home was more than likely the best the market could bear. As the local broker told me after the auction, Concierge taps into pools of interest, which local brokers cannot touch. I would recommend Concierge and its cadre of professionals to anyone really wanting to sell a high end property."

Concierge Auctions' global marketing campaign generated 5,200 website visits from 42 US states (led by California, Texas, Hawaii and New York) and 27 international countries (led by Canada, Australia, the UK and the Czech Republic). A total of 747 prospects were identified, and 7 bidders participated in the sale.

"It has been a wonderful experience working with Concierge's on-site project manager and the firm's entire team. The excitement that resulted from the urgency created by announcing an auction date, and the extensive exposure that followed, was infectious," Bail stated. "We watched the interest and anticipation in the auction build throughout the process, and it's fulfilling to be part of the successful end result."

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs