Unsold mega-mansions hit the auction block

These luxury homes were languishing on the market, or in builder inventories, as Florida real estate imploded. Now Sotheby's is hoping to auction them off at an event on March 28. The owners no doubt have their fingers crossed.



Fort Lauderdale

Original listing price: $14,999,000
Time on market: 5 months
Bedrooms: 9
Baths: 9 full, 4 halfs
Square feet: 20,763

Description: This Mediterannean villa was built in 2003 and is packed with luxury features. Inside are limestone floors, balconies of cypress wood and a wine cellar. There's also a well appointed gym, indoor pool, massage room and spa, a theater and even a private nightclub.

Outside is a putting green, infinity pool, patios and decks on a gated estate, beautifully landscaped and maintained. And it's all just minutes from fashionable shops and some of Fort Lauderdale's best restaurants.

For further information: Luxury Portfolio Auctions
By Les Christie

http://money.cnn.com/galleries/2008/rea ... index.html