Gulf of Mexico Waterfront Development Sealed-Bid Auction

. May 30, 2010

Collective Real Estate Group announced that it will hold a sealed-bid real estate auction for 25 luxury condominiums at Florida’s pristine Seaview Place at Gulf Landings. The 3,500-acre premier triple-community development offers a direct deep-water boating entrance, public and private Gulf of Mexico beach access and convenient location 40 minutes from metropolitan St. Petersburg, Tampa and Clearwater. Seaview Place Developers, Inc. is soliciting written offers May 26 through June 18, 2010, and will review bids as they are received. Minimum bids for the homes range from $99,000 to $299,000 and are up to 60 percent below asking prices, resulting in minimum bids that range from $99 to $202 per square foot.

Seaview Place at Gulf Landings, the exclusive condominium resort community developed by Seaview Place Developers, will be available for touring Wednesdays through Saturdays, 11 a.m. to 6 p.m., and Sundays, 12 p.m. to 5 p.m. at 4516 Seagull Drive. Interested bidders must submit a bid in person to the property representative during these hours or via standard mail. Seaview Place Developers has the right to accept or counter a bid in this unique sealed-bid auction at any time prior to the deadline.

“This sealed-bid real estate auction is a great opportunity for investors, second homebuyers and boaters to purchase a condominium in this sought-after Gulf of Mexico waterside development at an aggressive price-per-square-foot,” said Joseph Borda, developer of Gulf Landings and president of Seaview Place Developers, Inc. “We will be accepting bids on a first come, first serve basis in this unique sealed-bid auction and look forward to giving buyers the opportunity to see and experience the place first-hand.”

The Seaview Place at Gulf Landings’ sealed-bid auction differs from a standard auction in that the development team can accept a bid at any point during the auction; if the Seaview Place Developers believe that the bid is fair they have the right to accept it immediately, prior to the auction deadline. At the end of the auction, the developers must accept the highest bids as long as they meet the minimum standards.

The 25 homes available at the Seaview Place at Gulf Landings sealed-bid real estate auction include:

One (1) one-bedroom, one-bath, 883-square-foot home with a minimum bid of $99,000, 60 percent off the previous listing price of $249,300
Twelve (12) two-bedroom, two-bath homes ranging from 1,283 square feet to 1,410 square feet with minimum bids ranging from $139,000-$259,000, 40 to 52 percent off the previous list price
Twelve (12) three-bedroom, two-bath homes ranging from 1,500 to 1,910 square feet with minimum bids ranging from $149,000-$299,000, averaging 46 percent off the previous list prices
Seaview Place is sheltered from the Gulf of Mexico by the Robert Crown Wilderness Area reserve and sits on deep-water canals offering boat docks and direct access to the Gulf of Mexico. Residents benefit from amenities including a heated pool and Jacuzzi spa, poolside cabanas, outdoor grills, state-of-the-art fitness center and aerobics studio, his and her saunas, storage units, and a business center with a boardroom and library. The Club Room features a media center, bar, lounge, serving kitchen, and terrace overlooking the conservation area and pool.

The luxury homes at Seaview Place boast Mediterranean-style architecture and resort-style living. Homes feature 8.6-foot to 9.4-foot vaulted ceilings, crown molding in living and dining areas and hurricane-resistant tinted impact windows and doors meeting and exceeding Florida building code wind requirements. Kitchens boast European-style raised panel cabinet doors, ceramic tile and new GE appliances. Master bathrooms feature a trimmed shower door and enclosure with tiled walls, Garden Tub and marble countertops.

Seaview Place at Gulf Landings is located away from the hustle and bustle of a big city but is far from isolated, conveniently located near Southgate Shopping Center, offering grocery shopping, dry cleaning, a salon, and other retail stores. Gulf Landings is within convenient proximity to Gulf View Square Mall, the nationally renowned Bayonet Point Hospital, Tampa International Airport and the charming downtown New Port Richey, offering Sims Park for concerts, shows, plays, and top-rated restaurants.

For more information on the sealed-bid real estate auction for Seaview Place at Gulf Landings, please call 727-847-9500, visit http://www.SeaviewOneDaySale.com or visit the property, located at 4516 Seagull Drive, New Port Richey, FL.

Category: Property

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