800.329.0036 info@karlindaniel.com

news14

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.”