Luxury Lake Of The Ozarks Homes Set For Auction

The Lake of the Ozarks area is a popular place for second homes but some of the most luxurious homes in the region will be going up for auction soon. On July 18, Cates Auction and Realty is holding an auction of vacation homes that have original prices ranging from $1.2 – 3.7 million. As a story in the Kansas City Star reports that some of these homes were on on the market for a while.

In fact around 100 houses valued at $1 million or more in the Lake of the Ozarks area are for sale which is a very high number given the current economy. Some were spec houses created for buyers that never arrived, other homes were built for those planning retirement who have now opted to stay in the work force and some are owned by people who just no longer want to carry the burden of more than one mortgage.

The minimum prices for the properties haven't been listed but you can check out the offerings on the Cates Auction and Realty website. The most lavish home is the four-story waterfront property shown above which has an elevator, pool and five bedroom suites.