The stretch of coast, which used to be a hub for fishermen, lies on the pristine coast on the eastern German island of Rügen. It lies derelict and as the property listing states, is dotted with tumble-down shacks in need of renovation.
With the auction starting on Saturday, Die Welt newspaper reported that 12 people had submitted written offers and some 438 had registered interest.
Yet who ends up with the pretty patch is causing concern for Germany's Nature and Biodiversity Conservation Union (NABU). Head of the Rügen branch Marlies Preller called selling the land a “missed opportunity” to protect such areas.
The group is concerned that the Dranske region – where the harbour is – faces pressure from rich investors to sell the land to them before granting them building permission.
The little fishing harbour would, NABU boss Preller said, likely fit the bill for gas pipe firm Nord Stream who have been looking for a spot to develop for two years already.
Whoever lands the lot will face problems if they plan on building on it though, as what can be done on the patch is restricted. Development is not allowed, according to the area's planning authority, and obtaining the land “in the hope of building on it would be very risky,” a spokeswoman from the office said.