On Dec 6th, 2009, the developer of Granado Lakes Villas in Naples will be holding a closeout auction of the remaining 55 units.

The Naples condo conversion project is located at the intersection of Radio Road and Santa Barbara Boulevard. The one and two bedroom condos were originally apartments that were converted during the boom in 2004.

The property consists of 248 condos located on 40 acres and is gated with a community clubhouse, pool, fitness center, and spa. Short sale and bank owned condos in the complex have sold for under $50,000 over the past year and individually owned units are priced around $60,000 and up.

This Naples condo auction will be interesting to watch and most buyers will pay cash, although the developer may offer some type of financing. Although they aren’t as nice as their Naples high rise condo counterparts, buyers will certainly find a lot of value for their money.

More information can be found at the Granada Lakes Villas Owners website.

naples auction · naples condos · Naples Real Estate