US Bankruptcy Court to Offer at Auction Indigo Bay Waterfront Development in Fabulous Florida Keys

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AmeriBid LLC has been retained by the US Bankruptcy Court to sell Indigo Bay Condo /Hotel Development in Islamorada, FL, November 7, 2008.

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Ameribid LLC, has been retained by the US Bankruptcy Court Southern District of Florida to sell Indigo Bay Condo / Hotel Development located in Islamorada, Florida on November 7th, 2008. The property is comprised of 25 Newly Constructed Waterfront Townhouse Villas on 1.95 acres with a private 14 Boat Slip Marina. The development, nearly complete, is being sold in the entirety as "One Bid". The court has received 1 qualified bid of $8 million, to date, requiring the next bid at the auction to begin at $8.3 million, which will be conducted in the Honorable Judge A.J. Cristol's Courtroom in Miami, Florida, by Ameribid President, Louis B. Fisher, III.

The almost 2 acres of land the Development sits on, is nestled on the bay side of Islamorada, on the Gulf of Mexico, in the "Florida Keys". The 25 Two Story Units total 24,450 sq. ft. and offer 3 various floor plans. Nineteen units have 950 sq. ft. - Model A; Four units have 1,092 sq. ft.- Model B; Two units have 1,040 sq. ft. - Model C. "This Project lends itself as a unique opportunity to acquire a boutique resort property in a market that is scarce of anything similar" said Fisher.

"This will be a Bankruptcy Auction, with all permits in place, and clear and marketable title for the successful bidder" added Fisher. For more information or to download a Bidders Property Information Package, visit http://www.ameribid.com.

Property Site Inspections will be Friday, October 24 from 12 noon to 2:00 PM, Friday, October 31 from 2:00 PM to 4:00 PM and Thursday, November 6 from 2:00 PM to 4:00 PM or by appointment with the Onsite Auction Center: Moorings Realty. To schedule an appointment, call Jim Mooney at 305.664.9166.

Ameribid Principals, including Chairman of the Board, Stanley Tate of North Miami Beach, have successfully managed and disposed of over $30 Billion of Commercial and Residential properties Nationwide. Ameribid's core business focuses on Institutional Owners of Real Property Assets and Portfolios to effectively evaluate the market and provide sound solutions through its various platforms to maximize the return on Investment.

For more information, please visit http://www.ameribid.com.

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Louis B Fisher, III
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