French Chateau in Houston 14525 Champions Drive, Houston, TX

Property Detail

Type Status Location Sub Location Auction Date Bedrooms 5 Bathrooms 9 Area 25,637 sq ft

Property Description

In an exclusive neighborhood near Champions Golf Course, a local doctor spent years building a custom French Château totaling nearly 25,000 square feet. The owner was ready for sale, but faced a big challenge because his home was located in a neighborhood with significantly smaller homes. A local banker who attended one of our recent successful auctions determined that his client should utilize the auction process to find the best buyer for a unique property in this specific neighborhood.

Premiere Estates implemented its WorldBid auction platform and chose a $60,000 budget to market and find the ideal buyer.

Ultimately, a pre-auction offer was received from a Buyer who wanted to use the property as an events château for weddings and other events. The buyer was fearful that the property would be bid up too high at auction, so decided to submit this pre-auction offer. The close of the transaction happened in less than one day as all the funds and paperwork were brought in to the local title company for an instant recording. The property was never previous listed on the market.

A pre-auction offer was accepted at $3.5 million. The sale closed in just three short hours.

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Contact Premiere Estates

 (877) 337-8283
 Info@PremiereEstates.com