A $3,000,000 water-front Fort Lauderdale home for $10?
Dennis Norman
By: Dennis Norman
$10 is the price of a raffle ticket for a chance to win a $3,000,000, 6,000 square foot gated waterfront estate home in Ft. Lauderdale, Florida according to information published by Florida Luxury Auctions.
According to information in a press release, a Florida couple chose this approach to “selling” their home due to the current real estate market conditions. “Moving from their dream home is something the Brannans never thought would happen, but the economic crisis has caused them to make many touch decisions. They came to the conclusion that raffling off their 6,000 sq. ft. home was the only reasonable solution.”
The website says there will be 300,000 tickets sold and a portion of the proceeds are to go to The Mission of St. Francis, according to the website.
I might mention, I’m not familiar with the company doing the auction and have not checked out the facts that were in their press release or on their website, but I thought it was an interesting and novel approach to move a home in this market. Before you buy a raffle ticket I would suggest you do your own due diligence .
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