The houses were auctioned off Friday during a three-and-a-half-hour Zoom hearing overseen by Miami-Dade Circuit Judge Thomas Rebull. The highest winning bid was $2,580,000 for a 5-bedroom, 4,089-square-foot house that was listed for $3.3 million.
Bidding pushed the total to $20,149,000, which is $1,949,000 higher than the $18.2 million bulk offer for all nine made earlier this month but about $8 million less than what the houses were initially listed for in May.
Doug Cox, the self-styled 'King of Coconut Grove,' is accused of conning home buyers in a Ponzi-like scheme, signing multiple contracts to defraud buyers during Miami's real estate boom.
The sales, approved by Rebull, are a significant step in the efforts to repay 32 creditors who are owed a total of $34 million by Cox.
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