Fort Myers Auction Offers Unique Buying Opportunity
Luxury condos at Oasis, regularly from the $140,000’s
Now, 40 of them to be sold at absolute auction!
November 8, 2010
Hello, Joel Greene here from Condo Hotel Center. I have an interesting opportunity for you today. It’s an auction of luxurious, new condos at a resort-style development in beautiful Fort Myers, Florida. Auctions aren’t something we usually promote. But this one is too good to ignore.
Oasis is located in a gated community and includes two 32-story residential towers and a total of 440 condos. Note these are traditional condos, not condo hotel units. Of the 440 condos, 125 condos located in the first tower are what will be available in the auction to be held November 20, 2010.
These 125 units are brand new, never lived in, waterfront condos expected to be auctioned off at prices discounted up to 60% of their original price! However, you may be able to do even better. At least 40 of the units will be sold at “absolute auction.” That means the condos will go to the highest bidders regardless of price, without minimum bid or reserve requirements.
An Oasis in Southwest Florida
If contemporary resort living is what you desire, Oasis clearly fits the bill. It is located just blocks from the heart of historic downtown Fort Myers in the revitalized River District, right on the picturesque Caloosahatchee River. Try saying that name three times fast!
Bordered by a pristine nature preserve, Oasis spans 17 tropically landscaped acres, with approximately 1,000 linear feet of water frontage. A beautiful setting isn’t all it offers.
Oasis amenities include:
- Public boat ramp launch with six boat slips
- Yacht club with access to a variety of watercraft
- State-of-the-art fitness center with water views
- 1.5 acre natural-stone terrace/sun deck
- Resort-style and lap pools
- Private tennis courts
- Inviting tropical gardens
- Private picnic areas and riverfront path near nature preserve
- Social lounge with wet bar, TV and wi-fi throughout
- Catering kitchen, billiards, card room, game tables
- Library for relaxing and quiet reading
- Gated entry with controlled access
An Ideal Location for Recreation
Oasis offers easy access to the best shopping, entertainment, sporting events and cultural activities in the area. Golfers will find they’re less than 10 minutes from the Fort Myers Country Club, Eastwood Country Club, and Pelican Preserve Country Club.
Some of Florida’s most beautiful beaches, known for their sugar-white sand, are just 30-60 minutes away including Fort Myers Beach, Captiva Beach, Bonita Beach and Sanibel Island.
Within a two-hour drive, Oasis residents can reach the major metropolitan destinations of Tampa-St. Petersburg to the north and Miami-Fort Lauderdale to the east.
From the Caloosahatchee River base, boaters can travel east all the way to the Atlantic Ocean, or stay closer to home to enjoy the Gulf of Mexico.
Behind its curvaceous facade, Oasis offers graciously proportioned, elegantly appointed residences. They feature floor-to-ceiling windows that frame expansive horizon and water views from every residence.
Finishes throughout are tasteful and refined, while well-chosen conveniences and luxuries make life at home easier and a lot more fun.
Choose from one-, two-, and three-bedroom condos that range in size from 867 to 1,854 square feet.
Incredible Savings and Here’s Why
Construction on Oasis was begun in 2005. By April 2005 the first tower was completely sold out and the second one was beginning to sell.
Construction on both towers was completed in 2008. But by then, the real estate market had crashed, and most buyers were unwilling or unable to close on their purchases. The property was eventually foreclosed on and the new owners picked up the property in a foreclosure auction earlier this year. Now they’re auctioning off 125 of the condos.
The developer’s current asking prices for Oasis condos now start in the $140,000s and go up to the $310,000s. These prices are amazing when you compare them with the prices when the property was first offered in 2005-2008.
Units that were under contract at over $450 per sq. ft. and cost over $320 per sq. ft. to build when construction was completed in 2008, are now discounted to an average asking price of $160 per sq. ft. Crazy, isn’t it?
But what’s even more crazy is that you could get a condo for a lot less if you participate in the auction. Remember, there are 40 condos to be sold at “absolute auction,” going to the highest bidders regardless of price, without minimum bid or reserve requirements.
Auction Details, Free Data Sheet Available
The auction will be conducted by Fisher Auction, with over 38 years of experience in the real estate auction industry and a prominent leader in condo sales.
It will be held this Nov. 20, 2010 at 10 a.m. in the Harborside Convention Center, Fort Myers, Florida. You do not need to be present to bid. Online and telephone bidding will be accepted to accommodate national and international buyers.
However, to participate in the auction, you will need to complete several forms in advance. Upon request, we will send you the auction forms along with detailed instructions on how to proceed.
First though, take a look at the detailed data sheet we’ve put together on Oasis. It will give you a lot more details about the property. More photos too. You’ll just need to provide your name and contact information per the developer’s requirements.
Thank you for your interest in the properties we feature at Condo Hotel Center. If there’s something special you’re seeking, please don’t hesitate to ask. We have a vast inventory of properties and detailed information on all of them to help you make an informed decision.
Have an awesome day!
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
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