FORT LAUDERDALE, FL-In a sign that the appetite for auctioned properties is still strong, The Fountain on Ocean Boulevard condo project finally sold out. The 20 remaining luxury residences exceeded the seller’s reserve price by 14% to total $7.6 million at a March 5 auction.
Auction.com conducted the sale at the Hilton Fort Lauderdale Beach Resort. The auction attracted 1,233 bidders.
Starting bids at the Ft. Lauderdale auction ranged as low as $124,000 for a two-bedroom that had a previous high value of $585,000 and as high as $279,000 for a three-bedroom that had a previous high value of $999,900.
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