Oasis one in Fort Myers, no longer is a ghost tower. More than 600 people from all over the world have signed up to bid on 125 condo's in the building. They will bid on Saturday morning at Harborside Event Center.
"We are really excited to sell some of the units and get people moving in here," said Laura Henne, sales director for Oasis. "It feels like a recovery in the housing market. The realtors I talk with say they are busier now than a year ago."
Forty of the units will be auctioned with no reserve --meaning the opening bid could be as low as one dollar. The other units will have reserve amounts, which will be revealed on Saturday.
Dozens of portential owners toured the tower on Thursday, looking at the various condo's for auction.
"I like the bargains here, and I think it's good for housing recovery to move these units, get them off the market," said bidder John Anthony of Toronto, Canada.
Local realtor Marc Joseph says he welcomes the auction as the "new wave" or trend of the future.
"We have to get rid of the product (housing units), and the auctions are doing that. So it is positive. I think the price point should be no more than 110-dollars per square foot. That is consistent with recent sales in other towers along the Caloosahatchee River," Joseph told WINK News.
The same units were being offered for sale at more than 400 dollars per square foot, several years ago.
The auction means that Victor Vangelakos will get some neighbors. He gained international attention in 2009, when it was revealed, that he was the only person living in Oasis tower one.