By Jose Lambiet, GossipExtra.com, Special to SouthFloridaReporter.com, July 27, 2015 – FORT LAUDERDALE — The rules for the bidding on aging teen heartthrob David Cassidy’s house in Fort Lauderdale are set, and potential buyers have to prove they have $3 million in the bank to get in on the fun.
The auction was ordered in the 65-year-old singer’s bankruptcy, and the new date of the sale has been set for Sept. 9 to accommodate more potential buyers.
“We scheduled it for August at first,” says auctioneer Lamar Fisher, “but we figured we’d wait for the end of the summer and go past Labor Day so that more people would be interested.”
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Fisher says he expects at least a dozen people will qualify to bid on the 6,400-square-foot house in the swanky Harbor Beach section.
At one point, the property on the east side of A1A was listed for $3.9 million.
No takers.
Then it went down to $3.2 million.
Still nothing.
Then the star of the 1970s sitcom The Partridge Family said he’d entertain any serious offer.
Not a peep.
Now, Cassidy hopes the auction will bring around $2.9 million.
He bought the house in 2002 for $1.1 million, and the Broward County Property Appraiser estimates it’s worth about $2 million.
Fisher says potential bidders need to deposit $200,000 in escrow and show proof of funds for $3 million.
The highest bid will then be presented to the bankruptcy court for approval on Sept. 16.
“The winner has 20 days from Sept. 16 to come up with the money,” Fisher said. “And I know that whoever wins will bring the cash because it’s a great property.”
