Luxury Condos Are Hot Auction Items in Gulf Shores and Orange Beach

By
Real Estate Agent with Re/Max Paradise

Florencia condos, Gulf Shores, Lance SteffekA total of $3.35 million changed hands as bidders got the properties they wanted at the upscale Florencia in PerdidoKey this month. The condo units were sold at absolute auction, and the event attracted 81 registered bidders. Bidders came from 10 states, and each of the bidders had to submit $35,000 by check or certified funds.

Eleven condominium units sold at the auction, including a 6-bedroom penthouse that sold for $550,000. According to  Al.com, William Bone, president of The National Auction Group, stated, "Having this many bidders attend, shows the pent-up demand for high-end GulfCoast condos."  He also commented on how many prospective sellers were at the auction, and he predicts that there will be more auctions in the future.

The Florencia developer originally planned to sell 7 units at the auction, but the response was so good, that he added an additional 4 units. The Florencia is a Mediterranean-style high-rise that includes a tennis court, indoor and outdoor pools, spa, and fitness center. There are beautiful views from a 1.5 mile stretch of unspoiled beach, and the high-rise overlooks Gulf State Park. Residents of the Florencia have an option to use private marina slips.

According to Al.com, another recent auction was a success with 14 registered bidders for units offered at The Moorings at Bayside Village in OrangeBeach. One bidder purchased two adjoining condos for $385,000. Another unit sold was a 3-bedroom, 3-bath condo with an adjoining 1-bedroom, 1-bath unit.

The properties are elegant and the prices are great! As stated by a local REMAX agent on Al.com, the auction prices were similar to market value. There is no need to wait for these luxury units to be offered at auction. 

I am ready to assist you with many choices of GulfShoresand Orange Beach properties. Whether you are looking for your own home, or a good investment property, the time to buy is now! Give me a call today. LanceSteffek, 251-981-2225.

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Topic:
Home Buying
Location:
Alabama Baldwin County Gulf Shores
Groups:
Vacation and Second homes
Resort Communities
RE/MAX Active Rain Bloggers
Real Estate Trends
Alabama Real Estate
Tags:
gulf shores real estate
gulf shores homes for sale
orange beach real estate
orange beach homes for sale
gulf shores condominiums

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Rainer
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Lori Gardiner
RE/MAX River's Edge - Barrington, RI
GRI, SRS, ABR, e-PRO

Hi Lance,

Thanks for sharing....good luck and best wishes on continued success.

Aug 11, 2011 11:32 AM #1
Rainmaker
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Lance Steffek
Re/Max Paradise - Orange Beach, AL

Thanks so much, Lori!

Aug 14, 2011 08:53 PM #2
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Rainmaker
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Lance Steffek

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