Clearwater Cay Club Condominiums Sell for $3.8 million

Clearwater, FL. (June 14, 2008) – Nineteen condominiums and 10 boat slips at the Clearwater Cay Club Resort & Marina sold for $ 3.8 million at auction today. In addition, all five garages sold. J. P. King Auction Company, one of the nation’s leading auction marketing firms specializing in high-value properties managed the sale.

“Today’s auction success shows there is a market of buyers looking for the perfect opportunity to make a purchase,” said Craig King, president & CEO of J.P. King. “That was evident today, as buyers attended in great numbers and were very content with the final outcome.”

The auction took place at the Hilton St. Petersburg Bayfront and attracted 62 registered bidders including 200 plus in attendance. In addition to Florida, bidders came from 6 other states that included New York, New Jersey, Illinois, Massachusetts, New Hampshire, and Maryland along with two foreign countries United Kingdom and Canada. The auction took approximately 1 hour and 45 minutes.

The winning bidders represented New York, Massachusetts and Florida including two international winners from the United Kingdom and Canada.

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