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Florida Developers to Auction Luxury Apartments

PUBLISHED 13 January 2008

The January sale starts at 11 a.m. on January 19th when Stirling Sotheby’s International Realty, in association with The British Homes Group, will hold a live Absolute Auction on the premises at Lely Landings in upmarket Naples, on Florida’s west coast. Twenty-seven, 3 bedroom elegant coach homes of 1600 sq ft+ are to be auctioned individually. Alternatively they can be bought on a bulk purchase of the entire inventory. All have integral garages and are set on 3.4 acres of land 5 miles from the beach. A typical 3-bedroomed apartment up for auction was independently valued in November 2007 for $393,000 (£196,500).

Exactly a week later on January 26th, Stirling Sotheby’s will auction 30 brand new units at Oceanwalk Condominiums on the south beach area of New Smyrna Beach on Florida’s Atlantic east coast. Again the units, which range in size from 1350-2050+ sq ft and are currently on sale for $250-440,000 (£125-220,000), will be sold on site to the highest bidders with no reserve and no minimums. The 30 apartments are also available on a bulk purchase agreement. New Smyrna Beach is the nearest beach to the world famous attractions of Walt Disney World, Sea World, Epcot Center and Universal Studios just over an hour and fifteen minutes away.

Potential buyers can register online at: www.stirlingsir.com/auctions/preview.htm and join in the live auction online or by calling UK freephone 0800 0518 893.

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