Canal-Front Home Sells for $1.3 Million in Albert Burney Auction
Published May 1st, 2008
HALLANDALE BEACH, Fla – A canal-front home with its own deep-water dock sold for $1.3 million Tuesday in an auction that attracted 21 registered bidders, some of whom came from as far away as Russia, Canada and Venezuela.
The auction had drawn widespread attention, with 76 prospective buyers touring the home in the days leading up to the auction, according to Warren Ward, president of Albert Burney Auction Company, which managed the sale.
Purchasing the home was an investment professional from New York.
“You have to feel good about attracting so much attention in an overcrowded market. We count 23 homes for sale within a two-block radius of the one we sold today, and I’m sure they haven’t had anything like the traffic this one received. The auction enabled us to attract prospective buyers to this one and get it sold,” said Ward.
To register, each bidder was required to present a $25,000 cashier’s check.
Albert Burney Auction Company, headquartered in Gadsden, Ala., is a leading real estate auction firm specializing in developments, luxury homes, resorts and other high-value properties throughout the United States. Upcoming sales include waterfront home sites in Alabama, development land in Ohio, and recreational land in West Virginia.
Individuals interested in additional information may contact Albert Burney Auction Company at 800.434.1654 or visit the company’s web site at www.albertburney.com.
