Auction at Crystal Tower in Gulf Shores Alabama
By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
GULF SHORESSunday, May 04, 2008 By KATHY JUMPER Real Estate Editor GULF SHORES, Ala. A driving rainstorm didn't stop bidders from buying 44 condominium units for more than $13 million at an absolute auction that attracted more than 1,000 people to the Crystal Tower condo complex Saturday afternoon. Amid wall-to-wall umbrellas, more than 500 registered bidders from 20 states came to look for a deal or at least catch a glimpse of the condo-buying fever evident on West Beach in Baldwin County. The lowest unit sale prices were $275,000 and the highest purchase price was $350,000, which included the 10 percent buyer's premium added to the bid amount, according to the National Auction Co. based in Gadsden. "My brothers and I had not intended to go that low," said Collier Merrill, the develope...
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