Former Magellan Fund Manager Peter Lynch To Sell Scottsdale Family Compound At Auction Via Concierge Auctions

NEW YORK, Nov. 1, 2018 /PRNewswire/ -- Former Magellan Fund Manager Peter Lynch will sell his 14,231-square-foot Scottsdale, AZ family compound at auction via Concierge Auctions' online marketplace. Set on more than three and a half acres, the property is located in the exclusive and award-winning community of Estancia. Currently listed for $9.5 million, the estate will sell Without Reserve in cooperation with Julie Rohr of Walt Danley Realty. Bidding will open on December 11^th and close on December 14^th.

Located at 27341 North 102^nd Street, the estate is within the guard-gated community of Estancia, where residents have access to the private member-owned Estancia Club, one of the most unique and scenic communities in Arizona — equipped with a fitness center, spa, and swimming pool, and offering outdoor and social activities — and its famed Tom Fazio-designed championship golf course. Residents also have easy access to fine dining, shopping, cultural offerings, and sporting events in Scottsdale. In addition to sightseeing and hiking at Scottsdale's Pinnacle Peak and Camelback Mountain, there are multiple outstanding bike trails at Tom's Thumb and numerous other natural parks.

The multi-structure, Southwestern oasis — designed by Jeff Biever Architecture and Mariette Gomez Design Group — offers a traditional adobe exterior with contemporary interiors featuring a light-filled, open floor plan with multiple floor-to-ceiling fireplaces, soaring ceilings, skylights and walls of windows. In addition, stone and hardwood floors line the main home, and custom niches provide elegant spaces for displaying art and sculpture.

"Southwestern artistry meets modern luxury at this Pinnacle Peak paradise," said Rohr. "From its contemporary finishings to its adobe façade, the retreat was constructed with great attention to detail. It is the perfect opportunity for those looking to host family and friends for memorable getaways for generations to come."

Featuring eight bedrooms, the estate also offers a very spacious chef's kitchen with custom cabinetry, walk-in pantry, large island, and multiple ovens; a master sanctuary with a private balcony, enormous spa bath, fireplace, and clerestory windows; a downstairs fireside lounge, an elevator, three-car garage, wet bar, library, and game room. Outdoor amenities include a swimming pool with waterfall and underground waterslide, pool house, multiple covered and open terraces, a cooking ramada, areas for outdoor entertaining, an expansive patio space and a private guest house. The property and surrounding areas also feature large, dramatic rock outcroppings and natural beauty that are unique to the area, as well as 20 different types of cacti, succulents and trees, including chollas, ocotillo, saguaro, and prickly pear, that provide for a Southwest, Sonoran Desert landscape. 360-degree views of mountains, peaks and boulders, abound as close as 100 to 500 feet away up to 10 to 20 miles away.

The seller, Peter Lynch, stated, "I chose to sell my property through Concierge Auctions because their platform is catered toward selling one-of-a-kind properties like mine. The precision of their process leads to fair market value, and the firm offers the added bonus of access to a much broader range of potential buyers and the largest database of high-net-worth individuals in the world. Personally, I also appreciate the control over the timing and terms that an auction can provide for asset liquidity."

For more information on this property, and to view all properties for sale by Concierge Auctions, visit https://www.conciergeauctions.com/upcoming-auctions or call +1.212.202.2940. Concierge Auctions offers commissions to listing and buying real estate agents. See Auction Terms and Conditions for full details.

About Concierge Auctions
Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest priced homes ever achieved at auction, and is active in 38 U.S. states/territories and 20 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. It has been named one of America's fastest-growing companies by Inc. Magazine for the past five years, and has contributed over 100 homes to-date as part of its Key for Key^® giving program in partnership with Giveback Homes, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit conciergeauctions.com.

Contact:
Kari NeeringKari@relevanceinternational.com
Chanelle KasikChanelle@relevanceinternational.com
212-257-1500

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