Gulf Shores Condo Auction

Auction company Sheldon Good is at it again, this time in Alabama selling off 35 condos in the San Carlos condominium project on the Gulf Coast. The condos are two and three bedroom units, 15 of which were priced to sell at nearly $850,000 and will have suggested opening bids of $200,000. The area is also in the GO Zone, which means the units are eligible for certain tax incentives designed to spur growth in the hurricane-devastated region. The building is a 20-story, high-rise building fronting the beach. It was built in 2006 and there are nine units per floor. The building includes a beachfront outdoor pool, fitness room with sauna and a banquet room.

The auction will take place Aug. 17 at the Renaissance Riverview Plaza Hotel in Mobile, Alabama at noon. Open houses are currently available Wednesday through Sunday in the afternoons.

[via Birmingham Business Journal]