Enclave at Sabal Point Results in 20 Units Sold

ST. PETERSBURG, FLA. (June 18, 2007) – Saturday’s auction of 20 units in the Enclave at Sabal Pointe condominium conversion development drew a field of 39 bidders from Florida, Arizona, Ohio, Illinois and Canada, with J.P. King Auction Company managing the sale.
The bidders gathered under a large white tent on the grounds of the development for a bidding contest that lasted more than two hours.
“This was a good turnout in a market where condominium sales have been slow at all levels. Because these were entry-level condominiums, our target market was very different than it would be for new or renovated units. We succeeded in reducing the seller’s inventory by 20 units, and the auction marketing program has also led to negotiations that could lead to sales of quite a few more units in the very near future,” said Craig King, president of J.P. King.
“Most of the units were occupied, so we had a number of investors seeking to buy them as income properties. But we also had some individuals buying units for their own personal use,” said King.
The sale included units in five different floor plans, including one-bedroom, two-bedroom, three-bedroom and townhouse models.

Recent Headlines

Land and Farm Specialist Todd Akridge Joins J. P. King
2017 AL RLI Spring Meeting a Success
J. P. King Auction Company Sells Central Washington Equestrian Property for $7.5 Million
Real Estate Auction Company J. P. King Hires Joel King, National Auction Marketing Specialist
Craig King Inducted President of Alabama Realtors Land Institute
J. P. King Announces New Vice President Hire- Steve Ellis
J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million


Copyright © 2017 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy