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Historic Florida Inn For Sale In Foreclosure Auction

A Florida landmark will go up for foreclosure later this month. The Ritz Historic Inn, an 85-year-old Ocala, Florida landmark on the National Registry of Historic Places, will go up for auction on January 21 through the auction firm Tranzon Diggers. A local lender holds the mortgage but opted not to take possession of the property. The auction will take place at the Ritz and a potential buyer must provide ten percent down with the total due a month later.

The new owner will get a 36-room hotel which was built in 1925 as Ocala's first true apartment complex. Each of the Ritz's 16 original apartments had five rooms and a private garage. The entire property was renovated in the 1980s and now has 32 guest suites, a pool, spa and fountains. it is on 2.5 acres and includes a bar and entertainment facility as well as a pavilion and a gazebo. The listing says the property is in need of some repair. Bidders can check out the property at two viewing appointments, January 7 and 14 -- at 11AM.

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Tags: hotel for sale, hotel foreclosure, hotel foreclosures, HotelForeclosure, HotelForeclosures, HotelForSale, ocala, ritz historic inn, RitzHistoricInn

The Manor Ocala, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

My mother, who moved to Florida last year from Massachusetts, says that in Florida everyone's home looks like a furniture store. That's definitely true of today's estate, an extravagant 12,000 square-foot home located on 7.8 acres in Ocala, Florida. The home has six bedrooms total including a large master suite. The home includes a chef's kitchen that leads to a family room with a beverage center, wine cellar, computer station and walk-in pantry. Outdoor areas include a pool, a lanai with a double-sided fireplace, tennis court and an outdoor kitchen. The upstairs left wing is an entire floor dedicated to entertaining with a game room, card room, billiards/family room, media room, exercise room, 1.5 baths and beverage center built from an air balloon basket. The upstairs right wing has three bedrooms and can serve as guest quarters or the children's wing. The manor office has 30 foot ceilings, double-sided fireplace, a built-in library with special ceiling treatment and opens to covered lanai. The main guest suite is secluded and private on the first floor. No pictures of the bedrooms or baths on this one but I suspect they are just more of the beige same. This home is listed at $5 million.

Gallery: Ocala, Florida