Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
The sellers of this property had already bought another property and were committed to the move. They needed a result quickly so they did not miss out on the home of their dreams, but at the same time they needed to hit a number that was higher than the comparables in the area and were worried that may not happen. Auction was the perfect option for them as it provided a set time line which gave them a process to follow rather then putting it on the market at a price which was over past sales, then wait. The property sold inside 3 weeks reaching a record price. A happy ending for everyone involved.