3 Florida Oceanfront, Beachside & Golf Projects

3 Florida Oceanfront, Beachside & Golf Projects Auctioned

George & Gretchen Anderson, Frank Durabi and Gerry Finke are

partners. They auctioned these 3 Oceanfront, Beachside and Golf

Projects. The trio are located in Florida @ Beachwalk on Vilano Beach,

Summer Island on St. Augustine Beach and Sherwood Oaks @ the

Monastery Golf & Country Club in Orange City. George Anderson is

also the Developer of the luxurious $150 million Wyndham Ocean Walk

Resort in Daytona Beach www.oceanwalk.com .



Topsail Island, Wilmington, North Carolina

5 North Carolina Coastline Communities were sold @ absolute auction

on behalf of several Developers. Amongst the sellers were: Charles Ross

of Holland & Knight http://www.hklaw.com (the World’s Top 10 Law Firm),

Lionel Yow, Esquire, John Elmore, III, Joel Tomaselli, Charlie

Mantooth and Richard Carlton.

The Northshore Golf & Country Club is the only coastal Carolinas 4

Star golf course rated by Golf Digest http://www.northshorecounrtyclub.com .

John Elmore, III, is also the Developer of the

http://www.portersneckcountryclub.com G&CC.

Joel Tomaselli, Charles Ross (Holland & Knight – World’s Top 10 Law Firms), John Elmore, III, Lionel Yow, Charlie

Mantooth & Richard Carlton @ the Hilton Ballroom, Wilmington, NC

(from Right to Left)

This event was a joint venture event between, the sellers, Daniel M.

Parkman, Sr. and local realtor Freddy Hayler who is also an

accomplished International Tenor that has cut a CD with the London

Philharmonic Orchestra.

6 South Carolina Projects @ Absolute Auction

Andrew Hsu of Overland National and his partner Chuan Wang of Socoland

Inc. had acquired a U.S. $110M portfolio of assets from the RTC. After

years of frustrating conventional unsatisfactory results in absorption and

pricing they elected to sell the remaining assets @ Absolute Auction.


Richard Steele

David Chase – Forbes 400

They had attended our Absolute Auction with Richard Steele. Andy &

Chuan were so impressed with the results at Richard’s exclusive gated

Woodside Plantation Golf & Country Club http://www.woodsideplantation.com

that they commissioned us to do the same for them at their 6 SC projects.

Richard uses Club Corporation of America to manage his G&CC

http://www.clubcorp.com/club/scripts/section/section.asp?NS=PCH&MFCODE=WOOPL&SUBGRP=15 .

Nicklaus Design http://www.nicklaus.com , Rees Jones, Fuzzy Zoeller, Clyde

Johnston, & Bob Cupp designed the 4 golf courses. The 40,000 square foot

club house is of a traditional architecture. Richard had acquired the G&CC

from David Chase (Forbes 400 http://www.chaseenterprises.com ). Richard is also

the Managing Member of Longmeadow Capital Partners, LLC

http://longmeadowcapital.com/team.html and Developer of Rainbow

Springs Golf & Country Club in Dunnellon, Florida

http://www.myrainbowspringsflorida.com/index.php .

Lark Jones, Mayor of North Augusta, SC

Lark Jones, the Mayor of North Augusta, SC

http://www.northaugusta.net/GOVT/mayorswelnew.htm was Andy &

Chuan’s closing attorney for this event. He has never seen so many closings

in just 1 month. Andy & Chuan had acquired the RTC portfolio with cash.

They wisely elected to offer Guaranteed Seller Financing with 30% down,

70% LTV, 9% fixed rates, 10 year amortizations ballooning in 5 years.

Thus, creating revenue streams / coupons to clip for up to 5 years with a

traunch of balloon payments maturing in 60 months.

Freeport, Grand Bahama Island $6,886,250

Pete Sibley, President of Carnival Resorts and Casinos (operated 90 Resorts & Casinos), a subsidiary of Carnival Cruise Ships (the World’s largest Cruise Ship Lines http://www.carnival.com ) and Lewis B. Freeman http://www.lbfmiami.com sold @ absolute auction U.S. $6.8M in luxury realty in the Bahamia Golf & Country Club & @ the Princess Isle Estates on the Caribbean ocean. Pete’s Driftwood, LLC sold 27 oceanfront and canal estate-sized homesites on a spectacular Grand Bahama peninsula, along with 3 additional deepwater dockage canal homesites, 10 golf course multifamily or single family homesites and two 10.5 acre golf course multi-family tracts. In just 14 days 900 inquiries from 14 Nations had occurred. There were 39 registered bidders from 6 States as well as Jamaica and Bermuda.

Sir Freddie Laker, Founder of Laker Airways is a resident in Princess Isles. Located on the 60-acre peninsula stretch along a mile of beachfront and inland waterways of Princess Isle on Grand Bahama Island, each oceanfront estate has unparalleled waterfront views overlooking the Atlantic Ocean. The canal sites provide superb deep water boat dockage. All sites are designed to easily accommodate yachts of up to 165 feet. Princess Isle, one of the most prestigious locations on Grand Bahama Island. The International Bazaar and Port Lucaya Marketplace feature numerous shopping and dining opportunities featuring “Paris in the Bahamas.”

Five hundred full International Banking facilities guarantee banking secrecy as well as a tax-free environment. Princess Isle owners are eligible for Permanent Resident status. Frequent international air service is available through Grand Bahama International Airport.

Lee Mills, Peter Sibley & Daniel M. Parkman, Sr.


The Preserve of Don Pedro Island, Florida

This Shangri-La is only accessible by helicopter, yacht or ferry located

just north of Captiva & Sanibel Islands. No cars are allowed in this

exclusive community, only golf carts. The Developers of The Preserve

consist of: Art Kingsbury (retired Boston Globe executive

http://www.boston.com , Barbara Knox of Michael Saunders Realty

http://www.michaelsaunders.com & Richard Leydon of http://www.flgproperty.com

Celebrating another Auction Success: Daniel M. Parkman, Sr.,

Barbara, Ken, Anne, Nancy, Richard

Leydon, Helen, Shirley, Art Kingsbury, Virginia Oros & Tom

(from left to right).

The Flying M Ranch, Sold @ Absolute Auction

The World Class Fly-In Equestrian Facility consists of a 10,000 sq. ft.

Manse, Airplane Hangar FAA Approved 4,000 foot airstrip Runway

http://www.pilotoutlook.com/airport/FLORIDA/FD49 , RV Garage,

50,000 square feet of Equestrian Stables with 50-Plus Stalls, 2 Office

Suites, 2 Covered Show Areas, 8 Cross-Fenced Pastures, 12 Paddocks

which are all located on The Flying M Ranch consisting of 167 acres (30

minutes from Ocala, FL).

S.E. Montgomery sold The Flying M Ranch @ Absolute Auction to an

Entrepreneur from Tampa, FL. S.E. had been the President of the

largest Trucking Enterprise in Central Florida since the 1960’s

completing Government Contracts for the State of Florida, several

Central Florida Counties, Corporations and Private Interests.

Brickstone Heights Luxury Condominium Project, Buckhead, GA

Brookwood Place Luxury Project, Buckhead, GA

Jay T. Clark & Daniel M. Parkman, Sr.

BUCKHEAD, ATLANTA, GEORGIA . . . Southeast Capital Partners –( www.secpartners.com with $2Billion in developments) and Fidelity Investments (the Country’s largest Mutual Fund with $1.5 Trillion in assets – www.fidelity.com ) sold Twenty magnificent townhomes and condominiums in the prestigious Atlanta communities of Brickstone Heights and Brook Wood Place, for a collective price of $6,094,250 or an average of just over $300,000 per unit. A total of 77 bidders attended, each of whom was required to bring $40,000 in certified funds for the townhomes to bid. This success was accomplished 2 months after the tragedy of 9/11.
“The success of today’s auction shows the pent-up demand for high end condos in Atlanta,” said Daniel Parkman. “Over the past 10 days we have given more than 550 tours. In the past 12 months, the developer had given only 192 tours. With the success of selling condos via the auction process, there is no logical reason for developers to hold on to excess inventory.”

Jay was also a Co-Founder of www.ARAUSA.com with $5.3 Billion in annual multi-family sales volume Nationwide. Apartment Realty Advisors (ARA) is the largest privately held, full-service investment advisory brokerage firm in the nation that focuses exclusively on the multi-family housing industry.

With the appeal of an urban village, the spectacular BrookWood Place on Peachtree Street offers the comforts of a walking neighborhood along with the perks of city living. The award-winning, gated community in the heart of Buckhead is pedestrian and pet friendly, with wide sidewalks, dog-walking areas, and retail shops nearby, while capturing the art lover and athlete with water fountains and a putting green. This prestigious Peachtree address is comprised of 112 condominium homes and 26 townhomes. Brickstone Heights is a stunning, 13-acre gated community featuring 53 brick townhomes.

U.N. Ambassador Andrew Young & Atlanta Mayor for 1996 Olympics & Investor w James Makawa @ Africa Channel
U.N. Ambassador Andrew Young & Atlanta Mayor for 1996 Olympics & Investor w James Makawa of the Africa Channel (see http://www.AfricaHD.com )

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