fort myers

Oasis Condos Up For Auction

Filed under: Auctions, Real Estate Developments

A total of 125 condos from a single building will hit the market in Fort Meyers, Florida. Oasis Associates, LLC, the new owner of luxury condominium Oasis building, announced a public auction of 125 brand new waterfront condominiums to be held November 20 in the Harborside Convention Center,Fort Myers, Florida.

The units in the 32-story high-rise condominium building will be offered at up to a 60 percent discount off of the original price. Oasis condos were once priced as high as $700,000 but now pre-auction prices start at $160,000. At least 40 of the units will be sold at "absolute auction," wherein the condos will go to the highest bidders regardless of price.

Oasis is located in a gated community and amenities include an on-site marina, a one and a half acre waterfront pool deck with heated pools and spas, fitness center, clubroom, etc. Units have waterfront views, floor-to-ceiling windows and expansive private terraces. Interior details include eat-in kitchens with italian cabinetry, granite countertops and a master bath with Kohler fixtures.

The Related Group, the original developer of Oasis, will manage the project.

Tags: condo auction, florida real estate, fort myers, oasis condos

Alone In A 32-Story Condo Tower, One Family Wants Out

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

Does living in a luxury condo tower all by yourself sound like fun? One New Jersey family doesn't see it that way. Victor Vangelakos and his family bought a condo in the Oasis I condo tower in Fort Myers, Florida and are the sole residents. The family paid $430,000 to purchase the condo from The Related Group for $430,000 and closed on it in November. Vangelakos planned to use it as a second home and eventually retire there.

Th real estate market slump in Florida hit this building hard and many who put down deposits opted not to complete the deal. Others who did have swapped their units for ones in the more populated Oasis II next door. But Vangelakos couldn't get his lender to agree to the swap. Vangelakos described life in the condo to the Fort Myers News-Press depicting an existence where an eerie quiet is broken up by occasional night break-ins in the darkened building. Vangelakos wants out of building. He hasn't filed a lawsuit yet but his attorney points out that The Related Group hasn't come through on the marina, pro shop and other promised amenities. As for Related's side, they say that it's up to him to work out a deal with his lender to transfer the mortgage to a unit in Oasis II. His money went to Related's lender, not the company itself so Related would have to pay off the mortgage to get the money back. In this case both the buyer and the seller are in a bit of a tough spot.

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Tags: condominiums, condos, fort myers, FortMyers, oasis

Buena Vista, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Even without the palm trees, you can immediately tell this is a Florida home, the turquoise roof details give it away . This home in Fort Myers, Florida is located on the banks of an inland waterway and is on its own peninsula with water views. The home has a 1,300 feet of water frontage with a private yacht basin and an air-conditioned boat house. The home has six bedrooms and an enclosed heated pool and spa. The spiral staircase is garnished with some sort of crystal sculpture and glass bricks abound. It is listed at $10.95 million.

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Gallery: Buena Vista