Deal of a lifetime: own a Florida beach house for $10,000

Florida beach
Photo credit Spencer Platt/Getty Images

Here's your chance to own a beach house in Florida for a steal.

The three-story home, valued at $10 million, is going to be auctioned off this weekend without reserve to the highest bidder -- even if the highest bid is only $10,000.

It's being called a once in a lifetime opportunity to name your own price on a millionaire's home.

Known as "The Pirate House," the contemporary home overlooks the picturesque beaches of Lido Key in Sarasota with expansive beach views from all angles. The residence resembles the modern Miami Beach Art Deco movement, according to a statement.

The home features approximately 5,117 square feet of luxury interior living with 5 bedrooms and 5 ½ baths, one-of-a-kind wall treatments, Italian porcelain tile flooring lined with stainless steel, and Italian marble tile inside and out. The kitchen has custom electronic touch and close cabinetry, Wolf appliances, and a quartzite statement island with a waterfall edge.

The home also features a 4th level rooftop deck, accessed via elevator or custom staircase. The unobstructed views are only the start when you reach the top deck, according to the listing. There's also a jacuzzi, plenty of space for entertaining, and picturesque views of the Gulf Coast sunsets.

"This property offers a year-round luxury lifestyle, in paradise," Daniel DeCaro, Founder and President of DeCaro Auctions International, said in a statement. "With the neighboring Gulf of Mexico's white sugar sand beaches, shopping and dining on famous St. Armands Circle, arts and culture, and minutes to the Sarasota Bradenton International Airport, this is an opportunity not to be missed."

The home, also known by locals as the Cactus House, is "as smart as it is stylish" with features that can be controlled by your phone: lighting, blinds, audio, A/C, and the garage doors. There's also an automated grove watering system and a 3,300 gallon retention tank for gardening.

The home boasts an abundance of features for water sport and car enthusiasts. It has a 12-car garage with a 10,000-pound car lift and five garage doors, including both 12- and 14-foot-high openings, with room for an RV, boat, jet-skis and cars of any speed or size.

The live auction will take place at the property on Saturday, December 3 at 11:00 a.m. EST. Remote bidding is also accepted.

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Featured Image Photo Credit: Spencer Platt/Getty Images