Want to buy the Horseshoe Bay estate owned by AOL co-founder Marc Seriff?
The estate at 312 Wennmohs Place will sell to the highest bidder on Dec. 14 through global auction firm Concierge Auctions, which has offices in New York and Austin.
The property, which sits on 572 feet of open waterfront, was previously listed for $6.75 million by Tammie Bennett of Kuper Sotheby’s International Realty. It had been on the market 769 days, or just over 2 years, said Dean Poole, director of broker relations for Concierge Auctions.
The estate, which overlooks Lake LBJ, will sell without reserve, meaning there is no minimum bid.
The home has seven bedrooms, seven full bathrooms and three half-bathrooms. It also includes a chef’s kitchen, floor-to-ceiling bay windows, a spa bath and soaking tub, a library, media room and wet bar. It also features a double boathouse, an infinity edge pool and a regulation-size racquetball/sports court.
Additional interior details include hardwood floors; an art gallery wall, tray ceilings and custom cabinetry and doors.
Seriff, an Austin native, is the retired co-founder of AOL. He later invested in and advised a number of Austin startups.
He and wife, Carolyn, are also active philanthropists who have backed local arts organizations and other charities.
Seriff was on the board of the Long Center for the Performing Arts since it opened in 2008 and briefly served as its president and CEO last year.
“We had an absolutely wonderful twenty-year run in Horseshoe Bay,” Seriff told the Statesman. “Our home there was our family resort and is filled with great memories. Over the years, though, our lives have moved to Austin and we’ve been living in Westlake for the last few years. Couple that with the fact that we’re spending a few months a year in Manhattan, and it’s time to move on so somebody else can take advantage of our Horseshoe Bay home and community.”
The property is the latest in Austin to be auctioned by Concierge. In October, the firm auctioned a prime 2.1-acre property at 511 Barton Blvd. The winning bid was $4.3 million.
With frontage along Barton Springs Road, the property has views of downtown Austin, Lady Bird Lake and Zilker Park. It had been in the same family for 83 years and had been on the market for $4.5 million.
Last year, Concierge auctioned the 9,000-square-foot estate of Ross Garber, in the exclusive Rob Roy subdivision. Garber co-founded software company Vignette, which was sold for $310 million in 2009.
Garber’s house sold for a reported $6.4 million at auction. It originally had been listed for $16.9 million.
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