a ±25-acre, 321-buildable-unit development site located in Pembroke Pines, Florida. The Property was originally developed as a garden-style multifamily project known as Runway Bay in 1988, and was later converted to condominium in 2006. All units in the community have been vacated after being deemed unsafe due to general safety concerns. The condo association is in the process of being terminated and the Property will be conveyed in one fee simple transaction. The Property gives investors and developers a unique opportunity to acquire a contiguous, centrally located 25-acre community and transform it through redevelopment or rehabilitation of existing units. Offered on an as-is basis, the site boasts an ideal infill location with close proximity to major employment hubs, retail centers, and educational institutions. Its residential development potential (apartments, townhomes, or single-family), combined with its strategic location, makes it a compelling residential development opportunity. Receivership Sale: Auction Bid Deadline is Tuesday September 23rd, 2025 by 5:00 PM ET Auction Date is Thursday September 25th, 2025