The Real Deal Miami

PB manse set for high-end home auction

April 29, 2010 08:06AM

New York-based Concierge Auctions is set to conduct an auction of a
four-bedroom house at 100 Via Del Lago in Palm Beach’s Estate Section
May 22. Broker Nancy Mendel plans to sell the oceanfront home she
herself owns with an auction with a minimum bid of $2.95 million.
According to Concierge, it estimates a final sale price of between
$3.85 and $4.35 million. Mandel lives in another home she owns on Palm
Beach, and leases the Via Del Lago home, which had, at one point, been
valued at $10.75 million. The auction will be live, and each bidder is
required to prove $100,000 in funds in order to qualify. Phone bidding
or by a representative is permitted, although the auction will not be
public. According to Laura Brady, co-founder of Concierge, it is the
first auction of a home in the Estate Section. [Palm Beach Daily News]