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PORT ST LUCIE LAND UP FOR GRABS

 

Karlin Daniel, right, of Karlin Daniel & Associates, addresses a crowd of more than 1,200 to lay down the rules of an auction of 22 residential lots that his company conducted in Port St. Lucie on Tuesday.

 
PSL auctions 22 lots,

attracts $50,000 bids

The city's land auction drew more  than 1,000 people, including about 20 buyers.

By Ike Crumpler
staff writer

    PORT ST. LUCIE - Anticipation ran high Tuesday amid the throngs of people amassed for Port St. Lucie's land auction - almost as high as the bids on the lots.
    "These are walk-away prices," said Janie Musser of Port St. Lucie as the bidding topped $48,000.  "You have a lot of people here who think this is probably a deal.  I don't.  It's not worth $50,000."
    Nevertheless, $50,000 was the median price of the 22 plots of residential land averaging 10,000 square feet that the city put up for auction. Twenty buyers, the overwhelming majority of whom were individual buyers rather than builders, rose above the rush of attendees to stake claims to the land. 

 

    Cars spilled into the parking lot of the neighboring community center as a crowd estimated at more than 1,000 people gathered on the grounds of the Port St. Lucie Administrative Complex, 121 Port St. Lucie Blvd.
    "It's good real estate," said Tim Hoza, project manager for the auctioneer, Karlin Daniel & Associates, based in Stuart and Orlando, "so it draws a good crowd."
      In the hours before the auction began at 7 p.m., hundreds milled around the grounds.  Some studied brochures listing the specs; some chatted into cell phones; others waited with pensive expressions.
     "Look at all the people here, I can't believe it," Carol Rezende said to her husband Frank.  The couple traveled from Daytona to pick up a lot or two. "I have a feeling that we have a lot of competition here today."
   

 
 
 

Melvin Diaz of Port St. Lucie squeezes past Eduardo Cabrera of Miami to sign up for the Karlin Daniel & Associates mailing list during a land auction Tuesday at the Port St. Lucie administrative complex.

 

     With a steady stream of attendees outside his hotdog cart, Patty O'Pete, who sells food at all of Daniel's auctions, scoped out the size of the crowd.

     "This attendance is 30 to 40 percent higher than his other auctions," he said. "I've been real busy since I got here at 5:30 p.m."

    Just as O'Pete packed coolers loaded with bottles of water and cans of soda, bidders relied on plenty of preparation.  Armed with a clipboard of notes as he pored over a map of the properties, Wes page admitted he really only forgot one thing.

     "The only thing I didn't do was bring enough money with me," said the Boca Raton resident who owns some investment property in Port St. Lucie. He was looking to land another lot.

    "You can imagine the amount of money you can make, and that's what they're all thinking," he said, surveying the steadily growing crowd.
    With earpieces from two cell phones dangling from each ear,

James Banselan, a real estate agent representing Boca Raton based Suneast Land Development, jockeyed for bidding position.  he feared the crowd would drive up prices.
    "Builders want the market value," he said. "Individuals, they get in the heat of the moment and they keep going up."
    The specter of higher prices pleased Edward Cunningham, spokesman for the city, which puts the plots up for sale to lower its 6 million dollar debt incurred from the 2001 purchase of the Saints At Port St. Lucie Golf Course from Sandpiper Resorts.
    "The competition should work on our favor," he said.
     Daniel highlighted Cunningham's hopes when he eased the anxious crowd with lighthearted lessons on auction etiquette.
     "Could I see a show of hand if you've never been at an public auction before," he said, and nearly half went up. "Now leave your hand up and you're gonna have a Ph.D. in auction bidding.

     "Remember, it's not 'cause you have the prettiest blonde hair," he continued. "It's not 'cause you have the nicest smile. The highest bidder prevails."
    When Daniel announced the auction would be high bidder's choice rather than bidding on individual lots, Ricky Welsch of Port St. Lucie groaned.
    "One guy will buy them all," he said. "You'll see a lot of people mad, I would imagine,"
    As the bidding climbed to the low $50,000s, those with the means and designs to buy blocks of lots, like John Stefan of the Palm City based Mercedes Homes, bowed out.
    "I thought they'd go for $35,000 to $40,000," said the Stuart resident. "These lots are a year down the road of these prices. I mean, $50,000 for these lots is crazy."

ike.crumpler@scripps.com

 

 

 

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