Platinum Luxury Auctions
- Florida tech entrepreneur $4 after almost two years trying to sell it, Yahoo Finance reported.
- The $4 on a canal in a Coral Gables gated community.
- It will have no reserve price, or minimum bid, according to Platinum Luxury Auctions, the firm holding the auction.
- The waterfront home, last listed for $17.9 million, includes a sauna, an outdoor swimming pool, a billiards room, and an outdoor putting green.
- It also comes with a 100-foot boat dock that can accommodate up to a 120-foot yacht.
- $4.
A Florida tech entrepreneur is putting his $4 after almost two years trying to sell it, Yahoo Finance reported.
It will have no reserve price, or minimum bid, according to Platinum Luxury Auctions, the firm that's putting on the auction. The tri-level home spans 15,000 square feet and comes with a sauna, pool, and 100-foot boat dock.
The owner, Manuel Medina, sold his Terremark data services company $4, according to The Real Deal. He also founded private equity firm $4, as well as cyber security firm Cyxtera. Florida media $4, but Business Insider could not independently confirm his net worth.
The live auction will take place on February 14 and the sale is expected to close 30 days later.
The home, which Medina first put on the market in March 2018, was last listed for $17.9 million, according to the auction house. The auction house declined to give an estimated value of the home.
"In our process, we leave the matter of price and value up to the bidders on auction day," marketing director Ilissa Knisley told Business Insider. "It will be for them to decide."
Take a look inside the six-bedroom waterfront mansion.