If the current real estate trend keeps going, I just might have to start doing a real estate auction of the day. For now though let me just direct you to today's auction of the Palazzo Condominiums in Panama City Beach, Florida. The seven-month-old condos are located on Front Beach Road facing the Gulf of Mexico. There are 129 units in the building and 67 units will be up for sale today with 27 that will be sold absolute.

The building has a fitness center, tropical pool, conference room and covered gulf side parking. The units include crown molding, and granite kitchen countertops, new appliances, garden tub and separate showers in all units and ceiling fans in living areas and master bedroom suites. To bid on a one-bedroom unit a check for $15,000 is required, two bedrooms require a $25,000 check and three bedrooms, a $35,000 initial investment. Those not in the area can also bid online this morning.

[via WJHG]

This Arizona auciton isn't as lavish as the one of million dollar homes I covered a few weeks back but it's another real estate discount. Trammell Crow Residential has announced the auction of the Quarter Condominium Residences at Westgate City Center in Glendale, Arizona. Up for purchase are 35 two and three-bedroom townhouses. The Quarter at Westgate City Center has two resort-style swimming pools and heated spas, shaded ramadas with natural gas grills and a fitness center. A clubhouse for residents includes a kitchen, custom-designed indoor/outdoor fireplace, WiFi access, and a four-panel flat-screen TV wall.

The townhouses are part of the $1.5 billion Westgate City Center which will have 6.5 million square feet of commercial, retail, hotel and residential space including access to NFL and NHL games at two arenas, an AMC Westgate 20 Theatre, and restaurants like Bar Louie and Fox Sports Grill. The auction will take place on Sat., June 7 at 1:00 p.m. at the JW Marriott at Desert Ridge, located at 5350 East Marriott Dr., Phoenix, Arizona. Minimum bids for the townhouses available at auction will start at $195,000, which is approximately 35 percent below the highest previous asking price Two-bedroom townhomes had previous asking prices of up to $485,321, and three-bedroom townhomes had previous asking prices of up to $552,520.

More real estate auction news, this time from Boston where two condo buildings will be auctioned off in the next two months: the Broadluxe, a loft project in the Financial District near the waterfront, and The Modern, at the fringes of the South End will be holding separate auctions.

This isn't the first time we've seen a condo auction in Boston, we reported on one back in 2006, but since then the market has shifted lower and the condo boom has turned into a condo bust for some of the projects.

The Modern is home to 25 units on the fringe of the popular South End, a trendy neighborhood that borders some less desirable areas. Fifteen of the units in the building have been sold but the remaining ten will be auctioned off on May 18. The minimum prices the developers will accept for many of the units are in the mid- to high $300,000 range.

The Broadluxe was seized in a foreclosure last summer by TD Banknorth. The developer of the Broadluxe ran out of money and the Boston Globe says that the project is now the subject of several lawsuits between and among contractors and other principals. Now the project located on Broad Street is nearly completed and all of the building's 44 units will be auctioned in early June.

It's not all bad news in Boston, some buildings such as The Clarendon, at the corner of Clarendon and Stuart streets, are selling well. In these tough times the buildings that are located in unassailable neighborhoods continue to move but projects in less hot areas have been suffering.

I've found more than a few luxury home auctions in Florida, but now the luxury home auction business model is hitting Arizona in a big way. On April 30, Eric Nelson Auctioneering, in association with the Larsen Company, will auction off 14 properties from LaBlonde Homes and Sundance Housing in the Scottsdale area. Homes worth as much as $3.495 million will be auctioned off. The auction also includes several one-acre homesites with an estimated value of $300,000 available at a starting bid of just $75,000. The opening bids for the million-dollar-plus homes are all just about half the estimated value of the home. Open houses are held every Saturday and Sunday from 12-4 p.m. and the homes will also be open auction day from 12-4 p.m. The gallery below features the top seven most expensive homes in the auction. Happy bidding.

I've mentioned before that the real estate auction market in Florida is heating up as more and more people need to get rid of houses in a hurry. Now some of the biggest newest mansions are hitting the black at reduced prices. Case in point, this 12,000-square-foot home in Jupiter, Florida. This five-bedroom overlooks the Loxahatchee river and has a 125-foot dock with 160 feet of water frontage. The property also includes a three two-car garages, a two-bedroom guesthouse and there is a large pool overlooking the river and a gazebo with an outdoor kitchen and barbecue. Inside it's classic Florida gigantic with a double-height foyer with a massive chandelier and marble staircase with wrought-iron railings. The home has a large gourmet kitchen, octagonal breakfast room, master suite with a private balcony. The home was listed at $6,995,000 but a court order has forced an auction at $4.5 million or lower on April 19.

Today's estate belongs to antivirus software developer John McAfee. McAfee is selling his 280-acre Colorado estate at auction on May 10. The land includes his 10,000-square-foot mansion perched on a hillside. The home has a flagstone entry with split staircase, five master suites, a living room, great room and den, media room, library and fitness center. The master suite has a private entry, kitchen, fireplace and access to a glass balcony which leads to a wooden gazebo. The compound has three guest homes, two guest apartments and nine guest cabins for a total of 19 bedrooms. The property includes four trout lakes, observation decks, picnic areas, a horse paddock and more. According to an article in Businessweek, McAfee is looking to get around $20 million. This is the fourth home he has sold through National Auction in three years. After the jump, beauty and simplicity combine to create the perfect bath tub.

Today's estate offers you the chance to buy not only the house but everything in it. This estate located in a gated community in Pauma Valley, 50 miles northeast of San Diego, California is being sold at auction on January 27. The community offers access to the Robert Trent Jones Sr. golf country club, a private 2,900 foot jet landing strip and equestrian center. The estate itself includes a a nearly 4,000 square foot house, a two-bedroom guest house, a pool with a pool house, multiple garages, two gazebos and a greenhouse. The main house was built in 1965 and has beamed ceilings. It could use a bit of updating and the current furnishings don't quite go with the house. The two-day auction event also includes luxury cars such as a Rolls Royce Phantom, Continental GT Bentley and a Morgan Aero. After the jump, the estate sale that includes the estate.

As I l mentioned earlier, this charming home is going up for auction on July 13. It is a Wilson Eyre home on Long Island, New York and was built in the Arts and Crafts style for manufacturer Theodore Conklin in 1904. The home is on seven acres and has  seven bedrooms,  a media room, a wine cellar, a billiards room, a gym and staff quarters with a separate entrance. What makes this home noteworthy are all the beautiful details such as the original woodwork, Tiffany lighting, French doors and century-old rhododendrons. Of particular interest are the many elegant fireplaces with stone and tile details. Outdoors you will find a pool/spa area and Har-Tru tennis courts. It also has a one bedroom guest cottage. The home has been well-maintained and is in beautiful shape. The kitchen seems a touch too modern to truly mesh with the rest of the house but overall, it's just lovely. Interior shots after the jump. How much would you bid?

This massive mansion in Utah County was sold yesterday for seven million. The Alpine home belonged to personal injury attorney Keith Barton but was sold by a bank at a foreclosure auction. The property was appraised for up to $20 million and there were just a few bidders. The property went to Lennon Ledbetter. Keith Barton was at the sale and had attempted to save his home from foreclosure. The seven-bedroom home had been on the market for $14.9 million last fall and sits on nine acres. Details include a ballroom, gourmet kitchen, greenhouse and pool. The furniture in the home wasn't part of the auction but Ledbetter plans to negotiate with the lender to buy that too.