BANKRUPTCY AUCTION: AUGUST 14TH.
REGISTRATION DATE: AUGUST 10TH
The Property will be sold pursuant to an Order of the United States Bankruptcy Court for the Southern District of Florida under Section 363 of the U.S. Bankruptcy Code.
PROPERTY
4865 NW 7th Street, Miami, FL
Approximately 7 Acres
Three Contiguous Tax Folios: 01-3131-010-0050, 01-3131-010-0051, 01-3131-010-0052
AUCTION HIGHLIGHTS
Auction Date: August 14, 2026 at 2:00 PM (ET)
Registration Deadline: August 10, 2026
Initial Bid Submission Deadline: August 12, 2026
Sale Hearing: August 19, 2026 at 3:30 PM (ET)
Auction Format: Live Zoom Auction
Property Sold: As-Is, Where-Is
Title Conveyed: Free and Clear of Liens, Claims & Encumbrances pursuant to Bankruptcy Court Order
Qualified Bid Deposit: $500,000
Minimum Overbid Increment: $50,000
Closing: Within 15 days following Court approval
QUALIFIED BIDDER REQUIREMENTS
To be eligible to participate in the auction, prospective bidders must satisfy the following requirements no later than the applicable deadlines established by the Bankruptcy Court:
? Submit a written bid identifying the bidder and purchase price.
? Deliver a $500,000 refundable good-faith deposit along with satisfactory evidence of financial ability to close.
? Submit an unconditional offer that:
Is irrevocable through the Sale Hearing.
Is not contingent upon financing.
Is not contingent upon additional due diligence.
Is not subject to internal or board approval.
Is not contingent upon receipt of a title commitment or title insurance policy.
? Acknowledge the purchase is on an "As-Is, Where-Is" basis in accordance with the Court-approved Bid Procedures.
? Provide a written certification that the bidder has not engaged, and will not engage, in any collusion prohibited by 11 U.S.C. § 363(n).
The property is being offered for sale by 7 at Blue Lagoon (1) and (2), as Debtor-in-Possession, pursuant to a Chapter 11 bankruptcy sale. The transaction is being conducted in accordance with Chapter 11 of the United States Bankruptcy Code, Case No. 25-21286-RAM, and any purchase is subject to approval by the United States Bankruptcy Court for the Southern District of Florida.