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New Communities : HOMES FOR AUCTION

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Rancho Bernardo

Forty townhouses and condominiums in the second phase of Mira La Paz in Bernardo Heights in San Diego will be sold at auction by Kennedy-Wilson Inc., Santa Monica, beginning at 1 p.m. Sept. 9.

The two- and three-bedroom units are offered in four floor plans with 1,218 to 1,662 square feet and were originally priced from $169,990 to $215,990. Minimum bids at the auction range from $120,000 to $140,000. Bidding information and a catalogue: (800) 933-0305.

The information office and model homes are open from 10 a.m. to 6 p.m. daily at 16336 Avenida Venusto, reached from the eastbound Bernardo Center Drive exit of the Escondido (15) Freeway.

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North Poway

Forty-eight two-acre custom home lots in the final phase of Green Valley Estates in North Poway will be auctioned Sept. 9 by Kennedy-Wilson Inc.

Minimum bids range from $220,000 to $260,000, representing 40% of the developer’s last asking prices, according to a spokeswoman for the auction firm.

The sales office at Green Valley Estates is open from 10 a.m. to 6 p.m. daily at Lot 72 on Lake Poway Road, reached from the eastbound Rancho Bernardo Road exit of the Escondido (15) Freeway.

Green Valley Estates is a 177-acre gated residential project development by Berman Investment Group Inc.

Prospective buyers must be registered before Thursday to bid at the 4 p.m. auction at the Rancho Bernardo Inn on Bernardo Oaks Drive in Rancho Bernardo. Information on registering and to obtain a copy of the auction catalogue: (800) 933-0305.

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