Edgewater commercial parcel heads to auction over $11.6M judgment

A commercial property at 5925 N Bayshore Dr in Edgewater is headed to the foreclosure auction block. Miami-Dade Circuit Court case 2025-005786-CA-01 carries a final judgment of $11.6 million, and the county clerk’s online auction calendar sets the sale for Oct. 28, 2026 at 9 a.m., with the plaintiff’s maximum bid listed at $12.59 million. The parcel is identified in county records under folio 01-3218-031-0740.

Why it matters

Edgewater has spent the past several years absorbing new condo towers along its bayfront, and Bayshore Drive sits at the center of that buildout. A forced sale of a commercial parcel on the same corridor is a reminder that not every property owner in a hot submarket is financed to withstand higher borrowing costs. When a lender pushes a case to final judgment rather than settling, it signals the borrower could not refinance or cure the default on terms acceptable to the lender, a pattern that has shown up elsewhere in South Florida’s commercial stock this cycle. For investors tracking distressed sites in South Florida, a court-ordered sale at a defined max bid is a clean entry point to watch.

The numbers

The $11.6 million judgment and $12.59 million ceiling bid give a tight band for what the courthouse sale is likely to clear. The gap between the two figures, just under $1 million, covers accrued interest, fees and costs added since judgment, which is standard in Florida foreclosure math. The sale is public and open to third-party bidders through the RealForeclose portal; absent a qualifying outside bid above the plaintiff’s ceiling, the judgment holder is positioned to take the property via credit bid.

What’s next

Case 2025-005786-CA-01 remains open on the Miami-Dade Circuit Court docket until the Oct. 28 sale closes and the clerk issues a certificate of sale and, if no objections are filed, a certificate of title. Third-party bidders must register and post a deposit through the county’s online auction system in advance of the sale. The identities of the plaintiff lender and the defendant owner were not independently confirmed as of publication; this desk will update the record once the parties are verified through the Clerk of Courts case docket or the Miami-Dade Property Appraiser folio record.