Sanctuary at Redfish

Just googled the Palazzo auction in PCB and found that 6 Santuary at Redfish units are being auctioned next week also. Roebuck auctions.

Yea. I remember the times when I could relax more on vacation at the beach. That was before condos like Sugar Dunes, Commadore, and especially Beachside Villas. Some of the new developments now are at least built back and not put up with shady or illegal methods (another story we don't have time for here). SoWal beaches are still the best in the world. Miles of beach park area, good developments, etc. There are lots of opportunities to relax and get away from the situations that are not as good as they could be. There are some county parks that should be first on the list for lifeguards and public bathrooms. For instance, plenty of space and public parking available near Dunes of Seagrove for a bathroom and lifeguard. (which by the way destroyed most of the dunes around their development and it isn't Seagrove, but that too is another story.)

Just googled the Palazzo auction in PCB and found that 6 Santuary at Redfish units are being auctioned next week also. Roebuck auctions.

Unit #1102 just sold for $360K (+$10% buyer fee). Original preconstruction price for this unit was: $924K...

Unit #1107 just went for $425K

Unit #2102: $365K

Unit #3107: $450K

2 cabana units: $28K each
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unit #1102 just sold for $360k (+$10% buyer fee). Original preconstruction price for this unit was: $924k...

Unit #1107 just went for $425k

unit #2102: $365k

unit #3107: $450k

2 cabana units: $28k each
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seriously?????? Got to say, those sound like some seriously good prices. How many people attended the auction?

Saturday's auction

Was anyone else from SoWal.com at the auction? Thoughts?
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Technically, the properties didn't close. It will be interesting to see if they actually close. Even "absolute" doesn't mean absolute, in the auction business.

Saturday was a great day and an encouraging sign for this market. We had over 200 people packed into the Santa Rosa Beach Club. I've attached a couple of pictures from the auction.

Technically, the properties didn't close. It will be interesting to see if they actually close. Even "absolute" doesn't mean absolute, in the auction business.

What condition would make these Absolutes not close?

a few (4) have closed and in appears they were in the 200-225 per foot range.

3 br units are listed in the $200's now :shock: