On the Auction Block: Award-Winning Luxury Development in Atlantic City, NJ

Just a couple of years ago, the Snug Harbor waterfront development was hailed as a dramatic example of Atlantic City’s renaissance. It even earned the architecture firm and development builder a CNBC International Property Award. But now, the luxury development, with an address at 600 Carson Avenue,  is scheduled for auction on December 1st, having a lien amount in excess of $20,000,000.

According to Atlantic City Weekly, the project comprised sixteen three-level townhouses — in four clusters of four units each — and seven estate homes, overlooking the Water Club at the Borgata, and the Trump Marina Hotel & Casino. Prices were to start at $1.5 million for townhouses, $2.7 to $3.7 million for estate homes.

Interested buyers don’t have to wait until December 1st though. According to the website AcAuctions.net an auction will be scheduled on November 19th for 12 of the development’s townhouses and 7 estate homes, with asking prices starting at $349,000.