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

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