Sanctuary at Redfish Preview Party this Sunday from 4-7pm

[Roebuck Auction]

Roebuck Auctions and McNeese Title would like to invite everyone to come out this Sunday, August 10 from 4:00 to 7:00pm at the Sanctuary at Redfish. We are having a poolside preview party for the 6 condos and 5 pool cabanas that will be auctioned on Saturday, August 16 at the Santa Rosa Beach Club. There will be live music, drinks, givewaways and great food provided by JamBone. At least 3 of these condos will be sold at absolute auction, meaning they will sell to the highest bidder(s) regardless of price. Even if you do not have plans to attend the auction, this is a great opportunity to see and experience this first class project and have a good time doing it. For more information, call Roebuck Auctions at 654-6000 or visit our website, www.roebuckauctions.com.

 

[notail]

I was looking at the Beachside Villa condos also going up for auction on Aug 16th. Could you clarify the term "absolute auction"? Does this mean that there is no reserve on these properties? Also, can one bid on these properties over the phone?

 

[Roebuck Auction]

Yes, "absolute" means that there is no reserve on those properties. They will be sold to the highest bidders regardless of price. Also, we do allow phone bidding. Before Friday, August 15, you will need to contact Bruce Griffy in our office to sign up. Our office number is 850-654-6000.

 

[Unplugged]

Roebuck Auctions and McNeese Title would like to invite everyone to come out this Sunday, August 10 from 4:00 to 7:00pm at the Sanctuary at Redfish. We are having a poolside preview party for the 6 condos and 5 pool cabanas that will be auctioned on Saturday, August 16 at the Santa Rosa Beach Club. There will be live music, drinks, givewaways and great food provided by JamBone. At least 3 of these condos will be sold at absolute auction, meaning they will sell to the highest bidder(s) regardless of price. Even if you do not have plans to attend the auction, this is a great opportunity to see and experience this first class project and have a good time doing it. For more information, call Roebuck Auctions at 654-6000 or visit our website, www.roebuckauctions.com.

Can you post results of Saturday's auction?
_____________________________________

 

[Roebuck Auction]

Sure, here are the results from Saturday.

117 Highland....$2,310,000
5862 W Hwy 30A....$632,500
Beachside Villas #312....$156,200
Beachside Villas #812....$132,000
Palms of Seagrove #D3....$181,500
Sanctuary at Redfish #1107....467,500
Sanctuary at Redfish #1102....396,000
Sanctuary at Redfish #2102....401,500
Sanctuary at Redfish #2107....401,500
Sanctuary at Redfish #2110....381,700
Sanctuary at Redfish #3107....495,000
Sanctuary pool cabana #5....$30,800
Sanctuary pool cabana #8....$30,800
Sanctuary pool cabana #10....$30,800

 

[destinsm]

Sure, here are the results from Saturday.

117 Highland....$2,310,000
5862 W Hwy 30A....$632,500
Beachside Villas #312....$156,200
Beachside Villas #812....$132,000
Palms of Seagrove #D3....$181,500
Sanctuary at Redfish #1107....467,500
Sanctuary at Redfish #1102....396,000
Sanctuary at Redfish #2102....401,500
Sanctuary at Redfish #2107....401,500
Sanctuary at Redfish #2110....381,700
Sanctuary at Redfish #3107....495,000
Sanctuary pool cabana #5....$30,800
Sanctuary pool cabana #8....$30,800
Sanctuary pool cabana #10....$30,800

Bit of a haircut on the Sanctuary at Redfish units compared to those listed for sale on the MLS... WOW!!!

Would be interesting to see what the original sale prices were on some of these auctioned properties...

But dont you worry, I believe the Realtors are calling another bottom

 

[Roebuck Auction]

I guess it all depends on your definition of a haircut. There have not been any resales at Sanctuary at Redfish. 5 of the 6 units we sold were owned by the same group. They went into the auction agreeing to sell 2 at absolute and have reserves on the other 3. After the first 2 sold, they agreed to sell 2 more at absolute. The final unit was sold with reserve. The reserve was quickly met resulting in all of the units successfully sold.

 

[Jim Tucker]

Sanctuary at Redfish #1107....467,500
Sanctuary at Redfish #1102....396,000
Sanctuary at Redfish #2102....401,500
Sanctuary at Redfish #2107....401,500
Sanctuary at Redfish #2110....381,700
Sanctuary at Redfish #3107....495,000


Would you mind listing bedrooms and square footage?

 

[Roebuck Auction]

Sanctuary at Redfish #1107....3br, 1778? sf
Sanctuary at Redfish #1102....3br, 1778? sf
Sanctuary at Redfish #2102....3br, 1778? sf
Sanctuary at Redfish #2107....3br, 1778? sf
Sanctuary at Redfish #2110....3br, 1778? sf
Sanctuary at Redfish #3107....4br, 2443? sf

 

[30ashopper]

I guess it all depends on your definition of a haircut. There have not been any resales at Sanctuary at Redfish. 5 of the 6 units we sold were owned by the same group. They went into the auction agreeing to sell 2 at absolute and have reserves on the other 3. After the first 2 sold, they agreed to sell 2 more at absolute. The final unit was sold with reserve. The reserve was quickly met resulting in all of the units successfully sold.

Walton shows property in there going for over a million as recently as March. Nothing has sold in there for under 950K. I wonder why there's such a large disparity (50-60%) in price? If those are some of the same units that already sold, I'd say that qualifies as a "buzzcut".