The developer of Palazzo Condominium has scheduled an absolute auction for 28 gulf front condos on August 2, 2008.  There will be no minimums and No Reserves.  The terms will be 10% down and closings will be within 30 days of the auction.  There will be a 10% buyer's premium paid to the auction company at closing (if you bid 400k, you will owe 440k at closing).  The auction will take place on site at Palazzo Condominium at 11:00 am.  Pre-sale inspections will start from 10 am to 5 pm beginning July 18th.  This condo is completely gulf front on the west side of Panama City Beach Florida.  Palazzo contains one, two, and three bedroom floor plans.  For more information on the property you can click here.