Summer House condos sold at auction

21 10 2009

J.P. King Auction Co.  sold 23 condominium units at the Summer House at Old Ponte Vedra Beach for $2.4 million at auction.

The auction took place at the Sawgrass Marriott in Ponte Vedra Beach Oct. 10 with more 95 registered bidders from Florida, Massachusetts, Maryland, New Hampshire, Pennsylvania, New Jersey, New York, Ohio, Georgia, Michigan, Idaho, Tennessee, Montana and one international bidder from the Virgin Islands.

According to St. Johns County public records, so far in 2009 several dozen of the units have been issued a judgement of foreclosure ordering them to be sold at public auction or a lis pendens, which is the first step in the foreclosure process.

Atlanta-based Julian LeCraw & Co. is the master developer of Summer House, located at 700 Ocean Place.

Source: Jacksonville Business Journal




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: