Watersedge at Harbortown townhomes, boat slips sell for $6.48 million

JACKSONVILLE, FLA. (Nov. 12, 2007) – Nine townhomes and nine boat slips in Jacksonville’s Watersedge at Harbortown development sold for $6.48 million Saturday in a J.P. King auction that attracted bidders from seven states and resulted in a complete sellout.

“We had a great product and an excellent market response. People understood that if they were going to buy one of these units, today was the time to do it,” said Craig King, president of J.P. King Auction Company, which managed the sale.

Steve Broome, a partner with developer affiliate Julian LeCraw & Company, said he was pleased with the outcome.

“We were able to achieve the prices that we’d hoped for and to be able to reach the large segment of buyers that we couldn’t reach through conventional methods,” said Broome.

The auction attracted 70 registered bidders not only from Florida, but also from Georgia, South Carolina, New Jersey, New Hampshire, Mississippi and Montana. The sale included six three-bedroom townhomes and three four-bedroom units on the Intracoastal Waterway, as well as nine 50-foot, deep-water boat slips.

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