Mansion Built for British Billionaire Family Goes on Auction Block: Court Order Forces Sale of 12,000 Sq. Ft. Waterfront Villa in

JUPITER, Fla. (Business Wire EON) March 31, 2008 -- Former Billionaire's Home Up for Bidding, Live via the Internet

"At one point valued at more than $7 million," says Les Bryant, Broker with Continental Realty Auctions, (www.continentalrealtyauctions.com) the company charged with the responsibility of bringing this extraordinary property to market, "a home of this magnitude and its incredible but brief history with ownership by not just one, but two of Great Britain's mega-millionaire family's warrants world-wide attention."

"Villa Del Fiume" - A World-Class Luxury Estate Home

The home, "Villa Del Fiume" (which means "River Villa" in Italian), is perched prominently on a gentle slope of nearly 2 acres of perfectly manicured grounds with 160' of pristine frontage overlooking the widest part of the acclaimed 8-mile stretch of Loxahatchee River in Jupiter, Florida. Quiet and discreet, Jupiter is a secret water-front enclave among those-in-the-know where some of the most expensive homes in the United States are located, and owned by some of the world's most recognized names in entertainment, sports and business.

Jupiter, Florida - The City of Stars: Home to the World's Rich and Famous

Meandering roads, mysteriously high hedges, imposing gated-entrances, quiet cul-de-sacs and never-ending miles of ocean-front, river-front and intra-coastal waterway properties are just some of the reasons the world's rich and famous call Jupiter home. Some of the people who have been born, lived or presently reside in Jupiter, located barely thirty minutes from Palm Beach International Airport, and only 23 miles from a private airport in Lantana, include the following:

Oprah Winfrey, Tom Cruise, Celine Dion, Burt Reynolds, Bryant Gumbell and Ralph Lauren. Sports stars include Rick Mears, Indy 500 winner, Scott Sharp - 1996 IRL Indycar champion, Bill Parcells - Former NFL Head Coach, Ron Wolf - Former general manager of NFL's Green Bay Packers among literally dozens of other super-successful and high-profile individuals. Golf legends who call Jupiter home include Tiger Woods, Jack Nicholas, Gary Player, and Greg Norman, among other renowned professionals.

Brief History and Overview of British Lineage:

Billionaire Family Builds Breathtaking Estate Home

This stately home was originally built in 1998 for the British billionaire family of Malcolm Healey, a kitchen-cabinet manufacturer whose fortune was first made in the United Kingdom in the 70s, and then again in the United States. Transferring his ideas, technology and spirited entrepreneurship to America in the 80s, Healey founded Middlefield, Ohio-based Mills Pride, another company of his that went on to become one of the biggest kitchen manufacturers in the U.S. In 1999 Healey sold Mills-Pride to Masco Corporation of Taylor, Michigan in a multi-billion dollar transaction. A few years later, Malcolm Healey's son, Richard Healey, the primary resident of Villa Del Fiume for whom the luxury estate was originally constructed, moved into his new $23 million estate beach home not much farther away from this original home.

Villa Del Fiume, Part Deux: The English Lineage Continues, Attracting A Second British Family of Wealth

In 2001, Villa Del Fiume was purchased by Stuart Lawley, a British dot com entrepreneur for the sum of $5.9 million, at the time it was the highest price paid for a home in Jupiter, FL, exceeded only by the purchase of a luxury residence at the time by Celine Dion for $9 million. Lawley had created various internet companies including Oneview.net, a company that was listed on the UK stock exchange. Lawley retired, selling his companies for $180 million, making him at the time the 338th richest man in England. Lawley and his wife presently own the home, but due to a divorce, the court has ordered the villa, that also includes a separate 1,200 square feet, 2 bedroom/2 bath guest home with its own porte cochere and enclosed two car garage, for sale at a minimum price of $4.5 million, a fraction of its true value.

The Team behind Villa Del Fiume

Unlimited Resources, Unparalleled Creativity in Design and Execution

A world-class team was assembled to help create and execute the vision of this British billionaire family. First on board, Simmons Building Corp., (www.simmons-building.com) a multiple award-winning design/build firm with an exclusive reputation of building timeless, old-world multi-million-dollar Mediterranean-style estate residences for the extremely well to do. Next up were the creative services of world-renowned Boca Raton-based architectural firm, Affiniti Architects, (www.affinitiarchitects.com). With offices in the U.S. and Caribbean, and the recipient of literally hundreds of awards for the design of luxury high-end estate homes, this team produced Villa del Fiume, a stellar example of the care and craftsmanship that goes into creating an exceptional living environment for one of the world's richest families.

An Award-Winning Team Produces an Award-Winning Home

Designed in 1995 and built in 1996/1997, it should come as no surprise that upon its interior design furnishing completed in 1998, Villa Del Fiume earned a number of awards and recognition by peers in the design/build industry. This luxury estate earned the most prestigious awards in the three most important categories. The annual "Prism" Awards sponsored by The Gold Coast Builders Association of South Florida recognized the home for "Best Architecture" for homes over $1.5 million, "Best Landscape & Pool Design" and finally, "Best Interior Design" for the work performed by the contributing interior design team, Simmons and Saray, (www.simmonsandsarayinteriors.com).

Day, Date, Time: Live Auction with Simulcast Bidding Via the Internet

"Villa Del Fiume" will be auctioned live, via the internet, with a simulcast of on-site auction and bidding as follows:

Auction Details:

AUCTION TO BE HELD ON SITE - SATURDAY, APRIL 19TH, 1:00 PM

PROPERTY ADDRESS: 19681 Loxahatchee River Rd, Jupiter, FL.

Preview Details:

Prospective Buyers and Agents can preview the property daily April 5th through April 18th from 1 - 5 PM and 2 hours prior to auction.

For More Information about the home, photographs, virtual tour, and auction registration visit: www.ContinentalRealtyAuctions.com or call Auction Hotline: 800-577-7004

About Continental Realty Auctions

The sale and marketing of Villa Del Fiume is a joint venture marketing effort between Continental Realty Auctions and Illustrated Properties, a Palm Beach County Brokerage firm. Continental Realty Auctions has been a licensed Real Estate Broker in Florida since 1976, and actively involved in real estate auctions since 1991. The company has sold hundreds of properties throughout the State of Florida for lenders, developers, institutions and private sellers. The company also works in cooperation with many real estate brokerage organizations and with other auctioneers to achieve maximum results for a wide assortment of clients.

About Illustrated Properties

Illustrated Properties is an established, independent real estate brokerage firm that has established an exclusive reputation for working with some of he world's most discriminating families to meet their real estate needs in Palm Beach county. Recognized as the leader in preferred properties in the Palm Beaches since 1975, our firm generates over 2 billion dollars in sales annually. In addition to being an exclusive affiliate of "Christie's Great Estates," the premier luxury real estate network, the company is recognized as a leading broker in "Who's Who In Luxury Real Estate." Illustrated Properties has a network of over 575 experienced, professional realtors in 20 offices throughout the counties of Palm Beach, Martin, St. Lucie and Collier.