Magnificent 14,000 sq. ft. Estate in Colorado’s Prestigious Cherry Hills Village to be offered in Landmark Online Auction

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Set against the majestic Rocky Mountains, the timeless elegance of the French countryside is realized in this luxurious $10 million Cherry Hills Village estate. Just minutes from downtown Denver, this new rural retreat perched upon ±2.50-acre seamlessly blends wood and stone to create an opulent display of world-class architecture. Following an increasing trend in real estate sales, this exquisite property at 5800 Piedmont Drive will be auctioned online by the LFC Group of Companies on its Freedom Realty Exchange website (www.FRE.com/330R2). This momentous online auction event will begin with a starting bid of $3.9 million, and a bid deadline of May 7, 2009.

“Selling any property in this market can be a challenge, especially when using the traditional approach to real estate sales”

“Selling any property in this market can be a challenge, especially when using the traditional approach to real estate sales,” said LFC Director of Operations Kelly Lovegrove. “The auction of a property of this caliber is a clear sign of the market’s migration toward online auctions, and their unconventional sales strategies. Thanks to the convenience and accessibility of online auctions, we expect to see interest in 5800 Piedmont Drive from a worldwide audience.”

Sprawling more than 14,000 finished square feet, 5800 Piedmont Drive boasts eight magnificent bedrooms, 10 full bathrooms, three half baths, and six fireplaces. The extensive list of not-so-common common rooms includes a gourmet kitchen, a grand family room with a 24-foot cathedral ceiling, a formal dining room, a state-of-the-art theater and a collector’s-dream 11-car garage.

Though its massive size alone is impressive, the beauty behind this lavish retreat can be seen in the careful attention to detail and genuine appreciation for the finest accoutrements. 5800 Piedmont Drive is definitely in a luxury class all its own. Throughout the residence intricately carved, antique white crown moldings pair with ornate pillars and meticulously detailed window trimmings to further convey the enchanting theme. Below, southern chestnut floors stretch throughout most of the first floor. The kitchen is a chef’s delight, with professional-grade appliances surrounded by granite counters and cherry cabinetry.

Catering to many of Colorado’s most distinguished residents, Cherry Hills Village is amongst the more desirable places to live in the country, with several estates valued upwards of $20 million and the Cherry Hills Country Club as its centerpiece.

If 5800 Piedmont Drive is more house than you need, this auction also offers a brand-new Tuscan-style home measuring approximately 5,710 square feet and situated on nearly an acre of land in the Greenwood Village community “The Preserve.” The intelligently-designed floorplan includes four bedrooms, four full bathrooms and two half baths, a four-car garage and both a library and private office.

Built around the 45-acre Marjorie Perry Nature Preserve, this charming community features panoramic front-range views of the surrounding Rockies. First-rate community playground, pool and tennis courts are just a few of the additional amenities that make this upscale neighborhood an excellent place to live.

For buyers looking to build their own dream home, FRE.com is also auctioning five ultra-premium lots. Two of these lots are in Cherry Hills Village and boast next door views of the prestigious Cherry Hills Country Club. The next two are in the exclusive Buell Mansion community, an area that is home to several noteworthy Colorado celebrities and professional athletes. And still, one more is set atop a ridge in Diamond Ridge Estates in Castle Rock. As the last ridge-side lot available, this finished property features dramatic views ranging from Pikes Peak to Mt. Evans.

FRE.com auctions are conducted completely online. Bidding in an FRE.com auction begins with the submission of a bid form followed by a bid deposit. Subsequent bids are placed over the web via the privacy and comfort of the buyer’s office or home. Properties are available for viewing on weekends and by appointment until the bid deadline of May 7, 2009. Important property documents and disclosures are available on FRE.com (www.FRE.com/330R2) for download and review, ensuring that buyers are fully informed before they purchase. Broker participation is most welcome.

Freedom Realty Exchange^®—a member of the LFC Group of Companies

For more than 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. www.FRE.com

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