Marina Landing, a new condo development at the foot of the Hathaway Bridge in Panama City Beach will be auctioning off 25 new condos Thursday June 26th, 2008.
Marina Landing is a 16 story, 87 unit marina condominium development with stainless steel appliances, window walls and 10 foot ceilings. The marina has 41 slips that are available for lease to the residents.
The building was released to the market almost one year ago and has seen little activity. With pricing ranging from $534,500 to $2.09 million, less than half have closed.
From what I’ve heard, the condos are extremely nice, but they have ingress/egress issues and a disadvantage they are not on the beach. I say disadvantage understanding that it depends on who the buyer is.
The auction is for 25 condos, but the developer can expand it to 55 if he sees fit.
As from national-auction.com:
Registration: 10:00 am • Auction: 1:00 pm
Address: 6422 W. Hwy. 98, Panama City Beach, FL.
Terms: 2-Bedroom, 2-Bath Condos — 10% down with $25,000 per condo being in certified funds, personal or company check;
3-Bedroom, 3-Bath Condos — 10% down with $35,000 per condo being in certified funds, personal or company check. Closing in 30 days.
Auction Site: The auction will take place at the property — 6422 W. Hwy. 98, Panama City Beach, FL.
Pre-Sale Inspection: Property is available for viewing daily by appointment from 10 a.m. to 5 p.m. beginning June 12.
Broker Participation: Broker Participation welcome subject to certain guidelines. Call 1-800-650-0882.
For More Information: Call 1-800-650-0882 or (256) 547-3434. Beginning June 12, call on site, (850) 249-9334; fax (850) 249-9804.
Pre-registration: An early registration will be held from 10 a.m. to 5 p.m. on Wednesday, June 25, at the auction site for those
wishing to pre-register and present their bidder deposit on this date.
The availability of deep-water dockage accommodations are among the many fine appointments which place Marina Landing among
the most sought-after condominiums in Panama City Beach, Florida — the “World’s Most Beautiful Beach.” A new and luxurious development, Marina Landing rises above tranquil St. Andrews Bay, just minutes from the Gulf of Mexico’s glistening emerald waters.
Situated on Highway 98, this tropical oasis grants convenient access to everything offered in this world-class resort community — fishing, sailing, skiing, championship golf, entertainment, dining and shopping. Exquisite amenities accent these two- and three-bedroom residences — granite countertops, fireplaces, expansive private terraces and hypnotic water views. Other amenities include a spectacular swimming pool, hot tub, fitness center, tropical landscaping and a snug harbor of leasable boat slips.
2 & 3 Bedrooms
- Tiled Entry
- Tiled Living Room
- Gourmet Kitchen with Granite Countertops & Stainless Steel Appliances
- Lavish Baths
- Window Walls with Incredible Water Views
- Spacious Balconies
- Community Swimming Pool, Hot Tub & Fitness Center
- Tropical Landscaping
- Parking Deck
I’ll be there, highly doubt I’ll buy anything (pretty broke), but I’ll definitely be there.