A fully furnished Fire Island home designed by the late architect Horace Gifford will be up for auction June 20 with a starting price of $1.5 million.

The house had been listed for $2.65 million, but it was recently taken off the market and is expected to be sold to the highest bidder, says Vanessa Stone, a spokeswoman for Platinum Luxury Auctions, which is handling the sale.

The auction will be at noon at the property, 46 Schooner Walk.

"The homeowners are ready to sell, so this is a Plan B," says Stone. "The auction is a way to make it sell quickly in one day. It creates a sense of urgency."

The five-bedroom, three-bathroom house, which is only accessible by boat, was built in the 1960s. It was destroyed in a 1989 fire. The current owners hired Gifford, who was retired at the time, to restore the structure. The real estate company is describing the home as Gifford's last design. He died in 1992.

The 1,920-square-foot home has 100 feet of ocean frontage and is part of the privately owned Summer Club community next to Ocean Beach. There is an oversized deck that wraps around the house, an outdoor shower and a dressing area.

advertisement | advertise on newsday

Inside, there are 10-foot ceilings with a wall of bay windows and a Bang & Olufsen sound system.

The master bedroom has a hidden flat-screen TV that rises from a cabinet at the food of the bed.

Prospective bidders are required to register with Platinum by June 19 (call Jude Black at 910-689-7100) and are required to make a refundable deposit of $100,000 into a trust account or bring a $100,000 cashier's check to the auction.