Auction Set for Brazos Place Condos in Austin

Ellen Noble, our Austin partner agent, reports that downtown Austin is buzzing about the upcoming Brazos Place Condos auction.  The final 19 units and penthouse will be auctioned off to the highest bidder on May 17th.  Buyers must meet certain guidelines and are required to pre-register.  Unlike some condo auctions we've seen on the West Coast, this one has very reasonable minimum bids and all units are expected to sell.  For instance, a one bedroom condo that originally listed at $199,900 will have a minimum bid of only $80,000.  Ellen talked to the developer and reports that this auction is not a foreclosure or bankruptcy situation.  The developer says they chose this route to quickly sell the remaining units and move on to another project.  

About Brazos Place

Brazos Place started life as the Commodore Perry Hotel and was recently convered into 79 loft-style condominiums. Amenities include ground-floor retail, fitness center, concierge services and valet parking.  The downtown location is superb and many units offer views of the Capitol dome and Congress Avenue.

To register for the auction please contact Ellen Noble at 800-577-4919 ext. 705.

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