INTERNATIONAL LISTINGS Worldwide Luxury Real Estate

Description

ONLINE ONLY REAL ESTATE AUCTION

Bank Ordered Auction : Bank Owned Properties

Two Beach Front Vacation Homes on St. George Island

Online Bidding Begins

Wednesday -:- February 20 -:- 2:00 p.m.

Ends Wednesday -:- March 5 -:- 2:00 p.m.

Auction Coordinator: Mark Manley, CAI, CES, AARE

Property 101: 1248 East Gulf Beach Drive, St. George Island, FL 32328

"Dream On"

- Beach Front Home - Built 2005
- Fully Furnished
- Three Story
- Six Bedrooms (5 Kings & 2 Twins) / 6 Baths + 1 Half Baths
- Theater Room
- In Ground Swimming Pool
- Outdoor Shower
- 4- stop Elevator
- Private Beach Boardwalk
- Excellent Rental Portfolio

Directions: Travel to St. George Island, once on the island turn left on East Gulf Beach Drive. Then drive 2.3 miles. Look for the green rental sign at 1248 with the house name. Turn right; drive to the beach and turn left. "Dream On" is the last house on the right on the beach.

In Cooperation with:
Helen Spohrer, CCIM, RRS, GRI
Prudential Resort Realty
140 W. 1st St. Suite D
St. George Island, Florida 32328
Toll Free: (800) 974-2666
Local: (850) 927-2666

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List Price For Reference Purposes Only; Final Sales Price Will Be Determined By Competitive Bidding During An Online Only Auction Bidding Will Be Open From Tuesday, Feb 26 At 2:00 Pm Thru Tuesday, March 11, 2008 At 2:00 PM.

Terms: Successful bidders will deposit $100,000.00 in the form of cash, cashier's check, or wire transfer, sign a real estate sales contract with the balance due at closing.

10% Buyer's Premium Added!

Buyer's Premium Example:
Bid Price: $1,000,000
Plus 10% Buyer's Premium: $100,000
Total Contract Price: $1,100,000

Closings: Time being of the essence, this sale shall be closed within 30 days of the conclusion of the auction. The seller will pay for preparation of the deed of conveyance and one-ahlf of the title insurance fee for an owner's title policy. The purchaser will pay all other closing costs associated with this sale.

Open House: Representatives will be onsite Sunday, February 24, 2008 from 1:00 - 4:00 pm. For a private showing, please contact Helen Spohrer, Prudential Resort Realty, 140 W. 1st St. Suite D, St. George Island, Florida 32328, (800) 927-2666

Broker Participation: A one percent (1%) bid price commission will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Broker must be licensed in Florida and must register their prospect 24 hours prior to client submitting a bid. Broker registration forms are available online and should be faxed to (229) 890-9567.

Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer's agent.

Radon Gas - Notice to Prospective Purchaser: Radon is a naturally occurring gas that when it has accumulated in a building in sufficient quantities may present health risk to persons who are exposed to it over time. Levels of Radon that exceed Federal and State guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your County Public Health Unit. Pursuant to 404-056(8), Florida Statutes.

Compensation: The Purchaser acknowledges that Rowell Realty & Auction Co., Inc. is being paid by the Seller, Pursuant to Rule 2-13.003(2), Florida Administrative Code.

Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. Each bidder must conduct and rely solely upon its' own investigation and inspection. The property is being sold "AS IS" with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.

See the attached link for further details:

Website: http://www.rowellauctions.com/index.php?subp=1&sct=1461&pg=ap&pid=1444

Email: info@satelliteprolink.com