Squid Lips Property Goes Up for Auction

Squid Lips in Sebastian, Florida.
Squid Lips in Sebastian, Florida.

The property that Squid Lips in Sebastian is leasing will go up for auction after the property owners defaulted on their mortgage for almost $6 million dollars.

“It’s a foreclosure sale for non-payment,” Buzz Underill told Sebastian Daily.

The property extends to the marina, which is next door to Squid Lips.

Underill, of Underill Property Management that owns Squid Lips, said the auction will not affect the Sebastian restaurant. The auction is only for the real estate.

“Squid Lips has a 15-year lease on the property,” Underill said.

According to the auction, the final judgment amount is $5,951,127.20. The auction will take place on February 4, 2020, at 10:00 a.m.

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About Andy Hodges
Andy Hodges was born in Annapolis, Maryland. When he was age 9, his parents moved to Jupiter, Florida. Andy spent several years at various radio & television stations in Florida such as WLIZ, WFLX-FOX 29, WIRK, WIXI, WKSY, WRMF, and WJNO to name a few. In 1994, Andy made a career change to computer programming and worked for several technology companies (two are Fortune 500) in Atlanta, Georgia. However, Andy returned to Florida and settled in the small town of Sebastian in 2002. In 2005, he returned to the broadcasting news sector and eventually joined our news team in 2016 as editor in chief. Andy's family has lived in Sebastian for more than 45 years.