Laura Layden | Naples Daily News
A cottage-style luxury estate near downtown Naples sold before auction.
An on-site auction, scheduled for Monday, was canceled.
After three weekends of open houses and global outreach, the nearly 5,000-square-foot home, built in 2022, went under contract on Friday, for cash and without contingencies, said Randy Haddaway, founder and CEO of Elite Auctions.
His company, based in Naples, was hired to do the auction, which included a big marketing and advertising push ahead of the event.
It’s the third time in a row that a multimillion-dollar house sold in the Naples market before a planned auction by Elite. Properties that make it to auction are sold to the highest bidder without a reserve price.
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