Florida Beachfront Condos Up For Auction

Care for a beachfront condo? Have we got a deal for you. Accelerated Marketing Partners has announced their latest auction-- 21 condominiums at Coconut Grove Residences in Fort Lauderdale, Florida. The auction will be held on February 28 with minimum bids for the homes ranging from $260,000 to $1.7 million, prices the company says are 57 percent below the last asking prices, although still pretty high for the area currently.

The Coconut Grove Residences project is a boutique residential condominium developed by CGD, LLC of Fort Lauderdale. The 14-story tower has 63 condos with a variety of floor plans. Residences have travertine flooring, granite countertops and laundry rooms in each unit. Development amenities include a 90-foot heated swimming pool, 11 beachfront cabanas, on-site Cybex fitness center and media room, key-operated elevators, and resident discounts to spa and other services at the neighboring Marriott Harbor Beach.

The 21 condos available at the February 28 auction include one-bedroom units, two-bedroom units, three-bedroom units and the highest priced property, a three-bedroom-plus-media-room condominium which is 5,195 square feet and has a minimum bid of $1.7 million, 49 percent below the last asking price. Advance registration for the auction is required. The project is Fannie Mae approved and conventional financing is available as well.