A personal bankruptcy case is sending a two-floor oceanfront condo on Singer Island to an auction sale on Dec. 20.
New York City-based Concierge Auctions will conduct the auction to sell the condo, Unit 401A/501A at the Ritz-Carlton Residences Singer Island at 2700 North Ocean Drive.
Concierge Auctions did not set a minimum bid for the 7,120-square-foot condo on Singer Island, which had been listed for sale for $7.75 million.
Sotheby’s International Realty agents Christina Condon and Todd Peter, who have the current listing for the condo, cut the asking price from $7.75 million to $5.95 million and recently cut it again to $4.999 million.
The Ganslers last year filed for Chapter 11 bankruptcy in Maryland, and their case subsequently was converted to a Chapter 7 case.