Don’t Miss The First Uptown Condo Auction at The Tower Residences at the Ritz Carlton

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Two Master Suites, No Reserve on June 23rd

We have always loved the auction business here at CandysDirt.com. Years ago, when I first started covering real estate, I immediately jumped in to cover real estate auctions and to learn everything about them. We predicted that auctions would rise in frequency as they began to be the most expeditious way to sell a property that was either remote, had languished on the market perhaps because it was either over-priced, or a highly specialized/specialized home.

Unit 202 at the Tower Residences at The Ritz Carlton, 2555 North Pearl Street is none of those. It is a fabulously beautiful unit, well-located in the Towers, and well-endowed with four bedrooms, four bathrooms plus two powder rooms, every inch swathed in elegant materials and custom finishes. At 4,256 square feet, unit 202 is really two units in one neat package.

Large kitchen

Two Luxury Ritz Units On Auction June 23

But off to auction it goes on June 23, with ZERO minimum bid. Bidding will be held June 23–25 via Concierge Auctions’ online marketplace, ConciergeAuctions.com, allowing buyers to bid digitally from anywhere in the world.

“It’s more like a luxurious estate with zero maintenance than an Uptown condominium,” says the owner, Kyle Crews, President of Allie Beth URBAN and Executive Vice President of Allie Beth Allman & Associates. Kyle also pioneered sales in Uptown. In fact, he actually helped name Uptown.

“The second-floor setting is surrounded by lush greenery and offers views of the resort-style pool and courtyard below.”

Personally, I prefer lower-level condos: less elevator time, softer breezes. What makes this residence unique, and one of the main reasons Crews and his wife, Anne, fell in love with the property, is the large terrace, evoking more of a single-family home feel.

Guest kitchen

Living in a Treetop Paradise

“Waking up to a cup of coffee overlooking the spa and those lush trees — especially in these times — has been magically calming,” added Crews. “We will miss it.”

Besides the standard high-end features found in every Ritz residence, from the full gourmet kitchen with top of the line appliances — including a wine cooler — custom cabinetry, and exquisite stone finishes, a Butler’s pantry, to the beautifully appointed bathrooms with platinum hardware and Kalista fixtures, the floor-to-ceiling glass windows and doors filter sunlight to every corner of the house. Two serene master suites with private spa baths beckon. Totally spoil your guests with a full guest suite unto themselves: custom closets and full dressing rooms.

The flooring materials are highest quality throughout: gleaming marble plus custom hardwoods. And there is storage: four auto bays in the Residence garage — your car will always be brought to the front door unless you say otherwise. There are also lower-level climate-controlled storage rooms.

You also get the benefit of the property’s resort-style amenities that make it a virtual year-round vacation: the five-star Ritz-Carlton hotel, spa, and Fearing’s Restaurant; resident lounge and conference room; and complimentary valet. Imagine take-out from Fearings a few steps away during shelter-in-place!

This home has a listing value of $3.45 million. Crews, one of the most savvy luxury agents in town, says he made a strategic decision to auction his home from the start, because he is serious about selling and has long observed the prowess of Concierge’s aggressive online marketing. 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 40 U.S. states/territories and 29 countries.

“I’ve partnered with Concierge Auctions as the listing agent on a number of properties over the last few years, incorporating their successful auction platform into my own selling strategy for clients of unique, high-end properties ” says Crews. “Some were difficult properties, but the company’s extensive world-wide marketing platform brought in clients and ultimately, buyers, from everywhere.”

He says the traffic Concierge has drummed in his home has been active: at least 11 interested parties since the property was lite at the end of May.

“I am also on their Advisory Board. We knew that bringing our own property to auction was not only the smart choice, but the best choice to enable us to sell on our timeline,” he added.

Concierge is an innovator in online, digital marketing of properties. They have been drawing clients from across the world since the company’s inception, says Crews, and their client data base is solid gold. He recalls successfully selling a pricey gentlemen’s ranch in East Texas through Concierge, and how Concierge lured a buyer from Toronto, Ontario to buy the former Bo Pilgrim estate in Pittsburgh, Texas, a one-of-it’s kind. The buyer, very much like many post-Covid real estate buyers of today, bought Cluckingham Palace for cash, sight unseen.

“We’re pleased to partner once again with Concierge Auctions. Our track record together in the Dallas area is impressive,” says Sanders Avrea of the URBAN team. “A merger of two units in one, Unit 202 at the Ritz Carlton Residences, offers the best of city living with all the luxury of resort amenities — and space that is truly one-of-a-kind. You simply can’t ask for more at this prestigious building in such a highly-sought-after Uptown Dallas address.”

The beauty of Uptown living is, of course, the incredible walk-ability — Kyle says his car would stay in the basement garage for days. The spoils of Uptown, the Dallas Arts District, Klyde Warren Park, the Perot Museum, and American Airlines Center are just minutes away.

Unit No. 202 at 2555 North Pearl Street is available for showings daily by appointment, virtual open houses, and for private virtual showings.
As part of Concierge Auctions’ Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need. Giveback Homes was started by Dallas’ own Blake Andrews.

Concierge Auctions offers a commission to the buyers’ representing real estate agents. See Auction Terms and Conditions for full details. For more information, including property details, exclusive virtual tour, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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