$4 Million Idaho Waterfront Estate Hits No-Reserve Auction—With 100% of Proceeds Going to Charity

A sprawling waterfront estate in American Falls, ID, will soon be auctioned off to the highest bidder, but there’s a heartwarming twist—100% of the proceeds of the sale will be donated to charity.The luxury residence was previously listed with an asking price of $3.86 million, but when the sale is conducted in a live auction on Sept. 17, it will be without reserve, meaning there’s no minimum starting bid.“The value proposition is substantial in this case,” Trayor Lesnock of Platinum Luxury Auctions—the company behind the sale—tells Realtor.com®.“To re-create this property today using current-market dollars would easily cost a buyer $10 million or more,” the company’s founder and president explains of the home, which was custom-built in 1995.The proceeds will be evenly distributed between two beneficiaries: St. Jude Children’s Research Hospital and the Mayo Clinic.Loading...The 12,782-square-foot home will be sold in a live auction on Sept. 17 without reserve.Jadon WhitworthLoading...The home was built in 1995 and has had the same owner for 31 years.Jeremy Vasquez of Idapro MarketingLoading...The owner plans to donate 100% of the proceeds to charity, splitting them evenly between St...