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Developers to sell off waterfront homes through auction

Capital Gazette Communications
Published 07/28/09

More than 30 waterfront homes in Cambridge and Delaware will be on the auction block in Annapolis next month, part of a growing strategy among builders having trouble selling inventory.

Courtesy photos The remaining three townhomes and 11 condos at the “Waterside” community in Cambridge will be auctioned off at Loews Annapolis Hotel at 1 p.m. Aug. 16.
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The properties - some originally listed for nearly $1 million - are expected to sell for a significant discount at two live auctions at the Loews Annapolis Hotel next month.

On Saturday at 1 p.m., prospective buyers can bid on 20 remaining units in the 46-unit "Marina View" development in Dewey Beach, a popular beach town in Delaware. Developed by Marina View Ventures LLC, homes in that community were originally listed for up to...

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