Chickamauga Lake mansion auctioned for more than $1.25 million

This nearly 10,000-square-foot mansion on Chickamauga Lake was sold at auction for more than $1.25 million. This nearly 10,000-square-foot mansion on Chickamauga Lake was sold at auction for more than $1.25 million.

By Tim Omarzu April 26, 2016 3 min read

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Auction starts at $1.25 million for Chickamauga Lake mansion — luxury homes here ‘a steal’

A wine cellar is one of the amenities at the home on Clematis Drive that will be auctioned Saturday.

The grand stairway is seen inside the home.

Bidding starts at $1.25 million Saturday for this nearly 10,000-square-foot estate with 250 feet of footage on Chickamauga Lake.

This nearly 10,000-square-foot mansion on Chickamauga Lake was sold at auction for more than $1.25 million.

A nearly 10,000-square-foot mansion on Chickamauga Lake was sold at a Saturday morning auction that attracted nine bidders who proved they could afford the reserve price of $1.25 million – and then some.

“A lot of these folks were very, very, very qualified. Some of them could have written checks to buy this home 20 times over and still have money in the bank,” said Trayor Lesnock, president of Platinum Luxury Auctions, the Miami-based firm that auctioned off the two-story mansion on Clematis Drive. “We were very pleased with the quality and quantity of the bidders.”

The winner agreed to pay more than the $1.25 million reserve price, Lesnock said.

“I can tell you that the price well exceeded the reserve,” he said.

But the sales price won’t become public information until the sale closes in 30 days, he said, because the auction firm was forbidden by contract to release it.