The Enclave at Eagle Harbor Condominiums Sell for over $5 million

Jacksonville, FL. (May 17, 2008) – Today’s auction of 28 condominiums sold for more than $5 million to the highest bidders for Jacksonville’s development, The Enclave at Eagle Harbor. J. P. King Auction Company, one of the nation’s leading auction marketing firms specializing in high-value properties managed the sale.

“The seller had plans of making this development a true neighborhood within the Enclave,” said Craig King, president of J. P. King. “With 28 condos sold, we believe we have assisted our client in reaching their goal.”

The auction took place on site with 175 people in attendance and attracted 84 registered bidders not only from Florida, but also from New York, California, Texas, Georgia and Missouri including two international bidders from Ireland and Canada. The auction took approximately one hour with live music and hors d'oeuvres.

"The turnout was very strong, clearly there are buyers in the market," said John Zeledon, Managing Director of Trammell Crow Residential. "The buyers appeared pleased with the product and we met our goal of transforming the development into a neighborhood"