Chicago-Based Auction Firm Diliberto Real Estate
Services Launches Puerto Vallarta Condo Auction
April 13, 2010 08:48 AM Eastern Daylight Time
ORLAND PARK, Ill.--(EON: Enhanced Online News)--Chicago-area-based Diliberto Real Estate Services, LLC
announces today a Puerto Vallarta, Mexico luxury condominium auction, headlined by two units including one nearly
crowning the skyscraping Grand Venetian Bay View Grand, one of the tallest new developments in the hotel district
right on a private beach astride the Bahai de Banderas. Originally marketed for nearly $3 million, the penthouse suite
will now start at under a million dollars.
The internationally advertised auction will provide a live and Internet bidding forum and will include various
commercial and residential properties in multiple locations. Bidders can bid online from their home and view the
event live on the Internet.
Also featured at auction will be a second unit in the Grand Venetian: a three-bedroom unit originally marketed for
$800,000 will now be auctioned with an opening bid under $400,000.
“Our present economic moment presents some of the best opportunities in decades to claim possession of high-end
properties like this,” said Frank Diliberto, president Diliberto Real Estate Services. “Savvy investors know that it is
difficult to guess the bottom of the market. However, an auction, which aligns the most motivated sellers with the
most qualified buyers, is a great barometer of the time to buy,” he added.
The Grand Venetian Bay View Grand, a sister property to Puerto Vallarta’s similarly luxurious Bay View Grand,
features not only a private beach right on one of the best-reputed beaches along the city’s main Oceanside
boulevard, but also several private “Infinty-edge” (or “disappearing-edge”) swimming pools.
Both units feature balconies and a hot tub. In the 5,670-square-foot, four-bath penthouse unit, the hot tub is located
on the balcony and offers a private view of the ocean from the tub. The penthouse balcony wra