Key Largo Bank Auction

A 2.53+/- waterfront development site in Key Largo, Florida located at 104180 Overseas Highway Key Largo, FL 33037 will be auctioned by Order of the U.S. Bankruptcy Court Southern District of FL-Miami Division (Case No. 07-18127-BKC-LMI) on February 1, 2008.

The 2007 taxes on this property were $71,718.38 at an assessed value $7,532,494.00. The property has 300± Linear Feet along Overseas Highway and the Blackwater Sound.

The land is approved for a 20 Unit Condominium Hotel and potential for a 50 Unit Hotel under a Minor Conditional Use Approval. The property has 29 Existing Wet Boat Slips and a Boat Launch and has 3,000± SF of Commercial Zoning on the Parcel

The auction will be held at the Claude Pepper Federal Building 51 S.W. First Avenue, Miami, Florida 33130

To participate in the auction you will need a $100,000.00 Cashier’s Check made payable to yourself.- An Additional Deposit equal to the difference between 10% of the Purchase Price and the Initial Deposit, will also be due upon Court Confirmation of Sale in the form of a Personal or Business Check from a U.S. Bank