40 Luxury Condos Hit the Auction Block in AC

Ever dream of an ocean view? A condo by the sea? Now could be your chance.

40 luxury condos are hitting the auction block in Atlantic City.

FOX 29 Weekend Anchor Karen Hepp has a first look inside.

The Bella, which is a luxury condo building in Atlantic City has a deal for you. 40 units, mostly on high floors with fabulous ocean views are up for auction. We're talking European kitchens with granite counter tops and Italian cabinetry, a 24-hour concierge, state of the art fitness facility and a year round heated pool.

"In addition. to being 2 blocks to the beach, the amenities are unmatched, the pool, spa, Jacuzzi, outdoor bar," said Robert Dann with Max Spann Auction.

The Bella is on Pacific- right behind the now closed Revel and Showboat- originally built in 1988, it was converted to luxury condos in 2005  and most of the 200 units sold for very good prices until the bottom fell out. Now, the private investor who owns these units just wants out. their loss could be your gain.

Do you want to see for yourself? Previews start this Sunday from 12- 2 p.m. and continue every weekend until the auction at the end of the month. The first 15 are guaranteed to sell at absolute auction with no hidden reserves

"Absolute auction means dime or dollar regardless of price. Live call auction raise your hand, we'll take your bid, last one with hand in the air wins," Spann told FOX 29. "The person that wins gets to pick whichever unit they like all 40 going up for sale at 1 time. Winner of the 1st round gets their choice of any of units they like to buy."

The auction is set for June 28th at the Borgata at 11 a.m. In order to bid, you need a cashier's check made out yourself for $10,000.

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