SACRAMENTO, Calif., Feb. 28, 2025 -- On March 21st, a luxury auction sale will be held for a penthouse condominium in the heart of downtown Sacramento, California. Initially asking $4.2 million, the luxury property will now sell to the highest auction bidder without reserve. The corner-unit residence is located on the top floor of The Residences at the Sawyer, a collection of only 45 private residences in the city's vibrant Downtown Commons (DOCO) district. The building also houses the upscale Kimpton Sawyer Hotel and the executive offices of the NBA's Sacramento Kings, whose home arena - the award-winning Golden 1 Center - is situated just steps away.
The California property once asked $4.2 million, but will now sell to the auction's highest bidder without reserve.
Loyal Kings fans are sure to appreciate a particularly unique amenity of the Sawyer development: a direct, "VIP" entry to the arena via a private, underground passageway located within the building's reserved parking levels. "It's certainly a convenient address for a member of the Kings' team or executive staff," said Trayor Lesnock, founder and president of Platinum Luxury Auctions, the luxury real estate auction firm retained by the penthouse owners to conduct the sale. "Though the building's many amenities and prime location offer broad appeal for anyone seeking a pampered, luxury lifestyle in the city of Sacramento."
Michael Onstead, a veteran downtown real estate broker with Coldwell Banker, who is listing the penthouse and working in cooperation with Platinum in the transaction, agrees with Lesnock, "This is arguably the premier condominium residence in the city's premier residential development, rich with features and services and convenient to all of the city's main attractions."
The mixed-use development was completed in 2018. Its lower levels contain the hotel and the Kings' executive offices, with the uppermost levels reserved for the residences. The ground level of the hotel provides a private entry for residents and Kings executives, separate from the elevators for hotel guests and accessible only via electronic keycard. This private entryway opens to a staffed lobby with a dedicated bank of elevators.
The penthouse offers approximately 2,950 sf of living space, with 3 bedrooms and 3 en-suite baths. Its southwestern exposure provides particularly dazzling sunset views, which drape the surrounding cityscape in a mixture of beautiful orange, red and soft purple tones. A large balcony off the main living area is ideal for al fresco dining or people watching on the streets below.
Additional features of the residence include electronically controlled shades throughout, large-plank hardwood flooring, a sumptuous primary bath with mosaic tile walk-in shower and soaking tub, generous closet space, and a sleek, modern kitchen with marble island and bar-top seating. The penthouse also conveys with 3 covered parking spaces serviced by valet.
Private residents of the building enjoy 24-hour keycard access to the building's fitness center, along with a private owners' lounge which includes multiple meeting rooms, a catering kitchen and common areas. They also have a la carte access to services provided by the Kimpton Hotel, such as housekeeping, room service, laundry and more.
Other building amenities include a rooftop pool and lounge with poolside cabanas available for private reservation. Adjacent to the pool is Revival at the Sawyer, a chic restaurant and cocktail bar serving creative cuisine and inspired cocktails, with indoor and outdoor seating. On fair weather days, a "wall of windows" opens the restaurant to the pool deck. Hotel common areas also provide direct access to both Echo and Rig restaurant, an upscale steakhouse by critically acclaimed chef and restauranteur Sam Marvin, and Punch Bowl Social, a 25,000-sf venue offering casual dining in addition to indoor bowling, darts, billiards, ping pong, karaoke and more.
Previews of the penthouse are available by daily appointment through Mar 20th, and may be scheduled by contacting Platinum's project manager, Trudy Vella, at 800.997.4235. Additional details, property visuals, and due diligence documents are also located online at CaliforniaLuxuryAuction.com.
About Platinum Luxury Auctions: Platinum Luxury Auctions created the luxury auction® model for multimillion-dollar real estate auctions and owns the federal trademark rights to the term "luxury auction." The Miami-based auction house specializes in the non-distressed sale of multimillion-dollar properties in the U.S. and select international markets, and has offered properties in 33 states and 14 countries to date. Platinum's team has closed more than $1.65 billion in luxury auction sales, and has consulted or advised HNW and UHNW individuals on more than $4.5 billion in luxury property assets. PlatinumLuxuryAuctions.com.
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