The Real Deal Miami

Bulk auction of 22 Weston lots set for Tuesday

The estate of late corporate raider Victor Posner owns the lots at Windmill Reserve
November 26, 2016 10:15AM

Windmill Reserve in Weston (Source: YouTube)

Windmill Reserve in Weston (Source: YouTube)

The estate of deceased corporate raider Victor Posner will attempt a bulk sale of 22 residential lots in Weston at an auction on Tuesday.

SVN Moecker Realty Auctions will conduct the auction starting at 10 a.m. Tuesday in the office of law firm Berger Singerman at 350 Las Olas Boulevard in Fort Lauderdale.

Will Reyneso, an adviser of SVN Moecker, said the owner of the lots is Windmill Reserve Corp., which is owned by the estate of Victor Posner, who died in 2002.

The minimum bid is $9.8 million, and bidders must make a $200,000 deposit.

The 22 lots comprise almost 20 acres of a 139-acre lakefront housing development in Weston called Windmill Reserve.

The estate of Posner  is offering 15 one-acre lots, five lots covering a half acre each, and two that measure a third of an acre each.

Home prices at Windmill Reserve range from approximately $2 million to more than $10 million. [Sun-Sentinel] — Mike Seemuth