A palatial unit in the St. Elizabeth Building on Napoleon Avenue will be auctioned online at Concierge Auctions. Public bidding will open Tuesday, May 8, and close Friday, May 11. There’s no reserve, but there are a couple of post-sale commissions and fees (including a buyer’s premium of 12 percent of the winning bid or a minimum of $175,000 on top of the final bid).
Built in 1868, this St. Elizabeth building opened as a boarding school, and reopened as an orphanage in 1870. The orphanage moved out of the complex in 1989 and sold the entire property to American gothic fiction author Anne Rice in 2000. The KFK Group acquired and converted the building into high-end condominiums and townhomes in 2004.
The largest and most expensive unit in 1314 Napoleon Avenue—and the center of attention for this auction— is unit 16.
Hitting the market in 2015 for $4.9 million, this particular unit dropped to $2.8 million by May of 2017. Nearly a year later, it will be auctioned to the highest bidder.
Formerly a chapel, unit 16 has 17-foot stained glass windows, 24-foot vaulted ceilings, and an open floorplan. Its airy kitchen has Berloni cabinets, gorgeous quartz countertops, a butler’s pantry, and a wine cooler. Measuring at 5,000 square feet this unit has three bedrooms and five full bathrooms.
This unit has two assigned parking spaces.
Check out Concierge Auction for more information on the auction.