Beach condominium sells in J.P. King auction for $1,017,500

ORANGE BEACH, AL -- A custom-built two-story beachfront condominium in Orange Beach sold for $1,017,500 Saturday, Dec. 16, with J.P. King Auction Company managing the sale.

More than 35 people – including six registered bidders – gathered at the Perdido Beach resort for the auction, listening to live music and enjoying hors d’ oeuvres as the auction hour approached.

“People keep saying it’s difficult to sell real estate along the gulf coast, but we continue to find that using the auction method for a high-value property enables us to draw buyers from a wider geographic area. We had six people who brought a cashier’s check of $25,000 just to register for the sale,” said Craig King, president of J.P. King.

The condominium is located in the Phoenix VIII development but was built to its own specifications from the ground up, with four bedrooms and such high-end features as 10-foot ceilings and Travertine marble flooring.

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