There are 11 residential homes, one commercial property – a motel – and four pieces of land up for auction, but Morabito expects more to be added.
When asking buyers how much they're willing to spend on a home, Morabito said that he's increasingly finding customers who are looking to spend an average of $1.5 million, even if they could afford a home for millions more.
"People are saying I'm going to buy what I can but I'm not going to put myself on the line," he said. "I've never heard people say that before."
Marabito said that he expects the majority of bids to come in at the last minute on Sunday evening, and said that the decision to put the auction online has paid off in terms of reaching the greatest number of clients.
"We're reaching the world," he said. "I've had inquiries from England, Germany and even Australia."
"The real buyers right now are between 30 and 50 years old," said Marabito. "And all of them have been brought up on computers, so this online auction is not alien to them."
Marabito said that most of the buyers are not necessarily celebrity clientele but are actually individuals who still work in finance.