Waterfront Sarasota estate to be auctioned off without reserve (Photos)

A waterfront estate on Sarasota Bay will auctioned off without reserve next month.

Platinum Luxury Auctions said Friday that it will auction off 2309 Alameda Ave., in Sarasota’s Indian Beach-Sapphire Shores, on Feb. 5. The home was previously listed for $5.5 million.

Auctions of luxury estates are typically done when a seller wants to close quickly.

The 7,500-square-foot home has a master bedroom suite with two bathrooms, two offices and a private balcony. The home includes three additional bedroom… …read more