Huge Jupiter Florida Estate Hits the Auction Block

by Deidre Woollard (RSS feed)
Apr 11th 2008 at 8:02AM

I've mentioned before that the real estate auction market in Florida is heating up as more and more people need to get rid of houses in a hurry. Now some of the biggest newest mansions are hitting the black at reduced prices. Case in point, this 12,000-square-foot home in Jupiter, Florida. This five-bedroom overlooks the Loxahatchee river and has a 125-foot dock with 160 feet of water frontage. The property also includes a three two-car garages, a two-bedroom guesthouse and there is a large pool overlooking the river and a gazebo with an outdoor kitchen and barbecue. Inside it's classic Florida gigantic with a double-height foyer with a massive chandelier and marble staircase with wrought-iron railings. The home has a large gourmet kitchen, octagonal breakfast room, master suite with a private balcony. The home was listed at $6,995,000 but a court order has forced an auction at $4.5 million or lower on April 19.

Gallery: Loxahatchee Road

Tags: estate, florida, jupiter, real estate auction

Filed under: Estates

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Reader Comments (Page 1 of 1)

nmos655897 Apr 24th 2008 1:18PM

I hope they have better luck than me. I have three properties on the market on Perdido Key, FL. I can't even sell these at half price, and I 've had them listed for about seven months now. Any buyers?

Noah at ShortOnChange.com
Noah@ShortOnChange.com
http://shortonchange.com/foreclosure/noahs_foreclosures.htm