29 Seahaven Condos to be Sold at Absolute Auction on December 13th
For the National Auction Group, one successful project often leads to others. That has been the case in Panama City Beach this year where the company will conduct its third auction on Saturday, December 13th. This one will feature 29 luxurious condominium homes in the Gulf-view Origin at Seahaven community. The auction will be absolute, meaning regardless of price, and bidders will be able to select from 61 condos. The Gadsden, Alabama-based company specializes in the marketing of one-of-a-kind, high-end properties. In two previous Panama City Beach projects this year they sold more than $26 million worth of condos.
The 17-story Origin at Seahaven community is brand new and located near Pier Park. Water views are tantalizing and are close to the most popular beach restaurants, attractions and night spots. All are crafted from the finest materials and with painstaking attention to the smallest details. The wide array of offerings includes studio units as well as spacious one, two and three bedroom units, and one four-bedroom penthouse condo. All have to be seen to fully appreciate.
The Origin tower is one of the first phases of the carefully planned Towne of Seahaven, a 53-acre pedestrian village with 1,400 +/- feet directly on the Gulf of Mexico. Expected facets include hotels, town homes, a town hall and a Main Street marketplace, an events plaza and a water park. In other words, the value of the luxurious condos will surely escalate over the next few years.
All of the condos feature attractive African mahogany two-panel doors; kitchens with Whirlpool appliances, granite and porcelain countertops and custom cabinets; ceiling fans in both the living areas and master bedrooms, and washers and dryers in the two-bedroom and larger units. Included in the purchase are electronics, linens, window treatments, kitchenware, accessories and high speed internet access.
Rental-ready furniture packages are available for purchase.
The list of community amenities is both endless and extraordinarily impressive. Residents and their guests enjoy a fully-equipped fitness center, his and her saunas, a theater with stadium seating for 24, a spectacular Zero-Edge swimming pool overlooking the Gulf, a heated and covered spa, observation decks, grilling terraces with built-in commercial grade stainless steel grills and a game room. Origin at Seahaven also features 24-hour security, climate-controlled storage units, high-speed elevators, on-site property management and beautiful tropical landscaping.
“These are truly wonderful condominiums,” said National Auction Group president William Bone. “And being part of the new Towne of Seahaven makes them even more special. This is a remarkable opportunity to bid on spectacular residential fantasies and to purchase an incomparable beach lifestyle.”
These lavish condos are available for viewing daily, by appointment, from 10:00 a.m. to 5:00 p.m. To schedule an appointment, please call 877-636-6550 or 256-547-3434. Bidders will be required to bring $7,500 in personal check, business check or certified funds to bid on the studio units; $10,000 for the one-bedroom units; $12,500 for the two-bedroom condos; $15,000 for the three-bedroom units and $20,000 for the four-bedroom penthouse condos. Closing will be within 30 days. The auction will take place at Origin at Seahaven community which is located at 15100 Front Beach Road.
The National Auction Group (nationalauctiongroup.com), Inc. is the country’s largest seller of private, one-of-a-kind real estate properties such as estates, ranches, farms, commercial properties and recreational facilities. Recognized for its creative and aggressive marketing strategies which are carefully planned, promoted, scheduled and implemented, the National Auction Group’s team of talented professionals is skilled at developing plans of action customized to the needs of each client.
PCBDaily 
National Auction Group is making an absolute killing. 10% for a couple minutes work? I have seen other auctions that charge 5%.
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No kidding, I wonder if they are hiring, I need a job. 😉
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Yes but………….if Chris is correct and they only let a couple of units go and then cancel because of depressed pricing, I doubt if National will even come close to covering their advertizing costs. The knife can cut two ways.
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I went to the first auction, and it was a total waste of my time. They canceled after a few units did not go for what they hoped for. It is an absolute auction for any unit that makes it to bidding, but they advertise like they will ALL be sold absolute, when in reality they reserve the right to cancel the auction at any point. I would not advise anyone to waste time traveling and attending an auction of this type, when so many units are moving into forclosure and available for the asking.
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Every auctioneer I have talked to has the seller pay up front for all advertising costs.
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That is correct, Ryan. Marina Landing, Palazzo, Ocean Reef, Seahaven, all paid upfront for marketing costs.
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There no guarantees that the Towne area will ever be build. The developer has great financial pressure and made many promises that he has not delivered on yet. How about the beach club, shopping area, main street etc…?
This article states “The Origin tower is one of the first phases of the carefully planned Towne of Seahaven, a 53-acre pedestrian village with 1,400 +/- feet directly on the Gulf of Mexico. Expected facets include hotels, town homes, a town hall and a Main Street marketplace, an events plaza and a water park. In other words, the value of the luxurious condos will surely escalate over the next few years.” I would love to see an interview with the developer on video giving time tables for the completion. This should throughly researched and not stated as a fact.
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Anybody know or have an idea about what the home owners’ fees or property fees are for Origin? These can determine if people go to the auction or not (I assume).
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Joshua, You can go to the Discover center (beside Sharkys resturaunt) and recieve a full packet on the auction. It will tell you anything you need to know. Someone will be there 7 days a week from 10-5 until the auction is over. You can also go to nationalauctiongroup.com and pull info through their website. There will be more information on there as the auction gets closer. Hope this helps.
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All alot of hype…a vision of a Sandestin type resort, wrong place, wrong time..not even on the gulf..lets get real about the values here and look what the project is today, not what is wanted to be tomorrow.
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Anyone who pays over $200/foot for these units is in for a very long ownership….
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Patti, very concise and precise. Excellent points.
We received the Absolute Auction flyer in the mail yesterday and they are still trying to sell the concept this will one day become a “Towne”. Looks pretty on paper and reminds me a lot of another condo complex across the street, Laketown Wharf. In reality, it is nothing more than a condo “Across The Street” from the beach with a sales pitch on a piece of paper.
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Regardless of whether you think it is a good piece of business or not, I thought that those of you following the auction might find it relevant that Seahaven will again be going after the college spring break crowd next March. The Towne of Seahaven is contributing $10,000 to the TDC’s 2009 mtvU College Spring Break Co-op.
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No surprise there. Can you say, “Sharky’s or Hammerhead Freds”.
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$180 sq feet
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