Alexander City, AL
BANK ORDERED AUCTION! NO BUYER'S PREMIUM! EXCELLENT FINANCING AVAILABLE!!
This unique island offering is accessible by a private road to be built post auction and is an outstanding property for a single estate, family compound, corporate retreat or waterfront development. Boasting over 1,000 feet of water frontage and spectacular views, this island will be offered in 11 fully developed lots or as an undeveloped entirety. If sold as individual lots, this waterfront development will be transformed into a gated community with paved roads and underground utilities including water, sewer, power, cable and phone. Also, two lake houses
At the tip of the island with views of both sides of the “narrows,” Lake Home #1 is a delightful, updated 3 bedroom, 2 bath home with landscaped grounds and private boat dock. The home has an open layout and an abundance of rustic charm. Featuring a large outdoor deck, new boat dock, and screened porch, the home makes a wonderful lakefront retreat.
Lake Home #2 has fantastic waterfront views and makes a wonderful home for residents
Selling as 11 individual properties or as an entirety.
Lake Martin is one of the state’s most desirable destinations for enjoying the ultimate in lake living.
Registration begins at 11:30 A.M. (C.T.). No registration fee will be required to bid on individual lots. To bid on the entirety of Narrow’s Point at Water’s Edge, a cashier’s check made payable to the bidder, in the amount of $50,000 will be required.
The sale begins at 1:00 P.M. (CT) and will take place on the property at The Cottages at Eagle Point.
DIRECTIONS TO THE PROPERTY
From Birmingham take US 280 East to Alexander City. Turn right on AL 22 travel 1.8 miles. Turn left on AL 259 travel 7.8 miles. Turn left on County Road 20 travel 4 miles to property.
Auction representatives will be available at The Cottages at Eagle Point and Narrow’s Point at Water’s Edge on February 25th and 26th; March 3rd, 4th, 9th and 10th from 10:00 A.M. until 5:00 P.M. You may contact the J. P. King Auction representatives directly at 256 504 9405 or 256 490 8049 during these designated dates to schedule your personal tour.
BROKER INCENTIVE PROGRAM
Cooperating broker program is available. Please refer to the guidelines at www.jpking.com.
20% down payment will be required on auction day. Deposit can be made by personal or company check.
Attractive auction financing is being offered by Aliant Bank.
ONLINE BIDDING AVAILABLE
Documents and guidelines can be found on the website at www.jpking.com under the Bidding
J. P. King Auction Company, Inc., Gadsden, AL, #16959; James Scott King, Broker #58395-0
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