No Reserve On Florida Mansion Auction
I've been following the increase of auctions of major homes in Florida for over a year but what is changing is that now instead of minimum bids that at least promise a price in the millions, some of these mega homes are now being auctioned with no reserve, meaning they'll take whatever high price they can get. The home shown above is located on Sailfish Point, a peninsula near Stuart, Florida. It is located in a private, gated community that has a clubhouse, tennis courts and fitness center. The oceanfront home has 12,000 square feet of space including six bedrooms, multiple kitchens, eight bathrooms, a wine cellar and an elevator. The infinity pool over looks the Atlantic Ocean. Development company Barret Sailfish has authorized the auction firm of Karlin Daniel & Associates to sell the property at public auction on Thursday, March 12th at 4 p.m. Potential bidders need to show up with $50,000 in cash or a cashier's check or write a check with sufficient funds to pay the balance of a full 10% of the bid amount. The entire balance of the bid must be paid within 30 days of the auction date and the home is being sold "as is" and is listed as "designer ready" which leads me to believe it's not entirely finished on the inside. Any guesses on how much this one will bring in?