That’s right, you read correctly. 50 condos sold at the Palazzo Auction held on Panama City Beach totaling over $17 million in sold real estate. “The numbers were a little low, but we sold a ton and I feel confident that we did better now than we could of, say, six months from now”, said Developer Ron Durham.

What started out as a cloudy, looks like its gonna’ rain, day turned into a beautiful, not too hot with gorgeous deep blue skies, day. In attendance were over 250 people with 126 registered bidders from 14 states and Canada. Required at registration was a check for $15,000 per one-bedroom condo, $25,000 per two-bedroom condo, and $35,000 per three bedroom condo.

Continue reading “50 Palazzo Condos Sold at Auction on Panama City Beach” →