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Name:	bentprop -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 12:09:56 PM

Anyone going to the auction? Auction report?

Name:	BiggerDog -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 3:44:56 PM

All 25 sold - from 250 k to 385k plus 10% commission so total prices ranged from 275k - 425k

Name:	bentprop -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 3:50:38 PM

Thanks. 275K not bad. Did all the boats sale? Deals on the boats?

Name:	sagetek -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 3:51:06 PM

Sounds like a pretty good deal for buyers.

Name:	bentprop -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 4:01:04 PM

I counted only 3 2 BR units. Bet they were the 250k's. Rest of the units being 3 BR. Buyers and sellers must be happy.

Name:	Osms -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 7:16:45 PM

Did anyone stay for the boat auction. If so did anyone buy? What were the prices bid compared to list prices?

Name:	pontoon -	Reply
Subject:	Harbour Pointe Auction
Date:	7/7/2007 11:28:05 PM

they ended the boat auction after 3 boats
No good bids

Also no boat slips auctioned - Alabama Power has an issue with who actually owns what..................

Interesting auction

Name:	bentprop -	Reply
Subject:	Harbour Pointe Auction
Date:	7/8/2007 2:55:44 AM

So only 3 boats sold out of what 25?.... Anyone notice they were 2006 models.... Been at Harbor Point sometime.... Cash tied up in them...
And Alabama Power says the boat slips cant be sold ...Wow!!!

Name:	boataholic -	Reply
Subject:	Harbour Pointe Auction
Date:	7/8/2007 8:55:12 AM

Hmmm, so for 400K you get a condo, plus monthly condo fees, plus monthly marina storage fees since you have no boat slip, plus you get to deal with the condo homeowners association and the unknown factor of future assessments. Seems to me like I saw some new houses on leased APCO lots in the past year for about the same price.

Name:	Maverick -	Reply
Subject:	Alabama Power - Slips?
Date:	7/8/2007 11:12:56 AM

Are the boat slips already installed?

If so, were they not approved by APCo originally?

If preapproved by APCo, anyone know why now APCo says they cannot be sold?

This is rather interesting, if preapproved now APCo say no to the sale of boat slips.

Name:	Feb -	Reply
Subject:	I Agree Boataholic
Date:	7/8/2007 11:31:17 AM

I have always maintained APCO leased property is the second best way to have Lake Martin property. Plus with it, you do not reside in an apartment environment which I compare to a Condo lifestyle.

Anyone heard anything about what has happended to the annual APCO auction for leases? Is it a temporary halt or a longer term decision by APCO not to lease new lots.

Name:	ALSCN -	Reply
Subject:	I Agree Feb
Date:	7/9/2007 10:54:12 AM

Condo's are no more than glorified Apartments. Why would you spend that money on a condo and not put it towards a house. Here is an interesting article about the housing prices around Lake Martin, it was in today's Montgomery Advertiser.

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