WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): June 30, 2006

                             AVENTURA HOLDINGS, INC.
              (Exact name of registrant as specified in its charter)

                 (State or Other Jurisdiction of Incorporation)

          814-00703                                     65-024624
(Commission  File  Number)                (IRS Employer  Identification  Number)

           2650 Biscayne Boulevard, First Floor, Miami, Florida 33137
                    (Address of Principal Executive Offices)

                                 (305) 937-2000
              (Registrant's Telephone Number, Including Area Code)

Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions  (see  General  Instruction  A.2.  below):

___     Written  communications  pursuant  to  Rule 425 under the Securities Act
        (17  CFR  230.425)

___     Soliciting  material  pursuant  to  Rule  14a-12  under the Exchange Act
       (17  CFR  240.14-12)

___     Pre-commencement  communications  pursuant  to  Rule  14d-2(b) under the
        Exchange  Act  (17  CFR  240.14d-2(b))

___     Pre-commencement  communications  pursuant  to  Rule 13-e-4(c) under the
        Exchange  Act  (17  CFR  240.13e-4(c))


                Divestiture of Interest in Aventura Networks, LLC

     In  an  effort  to  divest  itself  of  non-core  business assets, Aventura
Holdings, Inc., a Florida corporation (the "Company") entered into an Assignment
and  Assumption  Agreement  with  Craig  A.  Waltzer  ("Waltzer"), the Company's
President, pursuant to which the Company assigned its 100% ownership interest in
Aventura  Networks,  L.L.C., a Florida limited liability company ("Networks") in
exchange  for Waltzer's assumption of any and all liabilities and obligations of
the  Company  associated  with  the  ownership  and  operation  of Networks (the

     The  Company acquired its interest in Networks on June 7, 2005, in exchange
for  880,000,000  shares  (the  "Shares") of its previously un-issued restricted
common stock in an exempt issuance. The Shares were valued at a discounted price
of  $0.00091 per share and the purchase was reflected on the Company's financial
statements at $800,724.  Networks was originally a wholesale voice-over Internet
protocol  ("VoIP")  buyer  and  seller  of  routes  predominantly in third-world
countries  where  rates  were high and margins were wide.  Increased competition
led  to  lower  prices  and  reduced  margins  and Networks exited from the VoIP
wholesale  carrier  market.  Networks  changed  direction  and  began to further
develop  and sell developed and third party VoIP switching and internet protocol
private  branch  exchange  software.

     An  independent accredited business valuation firm was hired by the Company
to  assign  a  fair  market value to the Company's investment in Networks and to
determine  the  likelihood of repayment of an account receivable balance owed to
the  Company by Networks, each as of December 31, 2005.  This account receivable
balance  represents  advances  made  by  the Company to Networks during 2005 for
working  capital  and  other  purposes.  The  valuation firm determined the fair
market  value  of the Company's investment in Networks was $0 as of December 31,
2005,  and  reported  that the likelihood of repayment of the account receivable
balance was indeterminable.  Although the valuation firm was unable to determine
a  likelihood  of  debt  repayment,  Networks paid Company expenses in 2006 with
proceeds from certain sales of its assets to cash, thereby reducing such account
receivable  balance.  There  remains  a  negligible  balance  under this account
receivable  as of the date of this filing.  The obligation to repay this account
receivable  balance  will  survive  the  Divestiture.

                                Company Borrowing

     On  July  10,  2006, the Company executed a promissory note (the "Note") in
favor  of  American  Dealer  Enterprise Group, LLC, a Michigan limited liability
company ("ADEG"), pursuant to which the Company obtained a loan from ADEG in the
maximum aggregate principal amount of $750,000.  The Note has a maturity date of
July  10,  2011.  Borrowed funds under the Note will accrue interest at the rate
of  10%  per  annum.   While  not  limited in its use of the borrowed funds, the
Company  expects  to  use  them  primarily  to  fund  its  day-to-day  business

     Pursuant  to the Note, ADEG has the right, at its option, at any time after
July 10, 2007 and continuing thereafter until the earlier of: (a) July 10, 2012,
or  (b) the date the entire outstanding indebtedness of the Note shall have been
paid  in full, to convert the outstanding principal balance and accrued interest
on  the  Note,  in whole or in part, into fully paid and nonassessable shares of
common  stock  of  the  Company  (the  "Common Stock").  The number of shares of
Common  Stock  into  which  the  Note  may  be  converted shall be determined by
dividing  the  aggregate  amount  of indebtedness to be converted by a factor of
$.0015  per share, provided the resulting number of shares of Common Stock shall
be  rounded  up  to  the  next  whole  share.


Exhibit Number     Description  of  Exhibit
--------------     ------------------------
     10.1          Assignment  and  Assumption  Agreement
     10.2          Promissory  Note


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  Report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

                            AVENTURA HOLDINGS, INC.

Dated:  July  10,  2006        By: /s/Craig  Waltzer
                                    Craig  Waltzer
                              Its:  President