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Florida Real Estate Auction at Celebrity Compound

March 16, 2007

Naples, Florida (PRWEB) March 17, 2007 -- Up to 85 units at the Harbour Pointe development in Port Charlotte, Florida were sold to UK sports stars and investors and recently renowned auction company www.ManningDrake.com were contracted to auction off remaining units.

Paul Drake of Manning Drake Auctioneers states; "This is a remarkable opportunity for US & UK investors to come on board, the market in Florida clearly benfits the investor as prices have dipped in the last 18 months." Demographic trends in the US clearly indicate that some 70 million Americans will soon be looking to buy their home in the sun by the water. At least two units will be sold absolute regardless of price to the highest bidders who need not be present to participate. The Sellers chose the auction route of selling as a sensible alternative; buyers see what others are willing to pay and at the end of the day feel it's a fairer method, plus it takes the guess work out of what to offer.

Port Charlotte is a waterfront community just south of Sarasota and north of Naples on Florida's West Gulf Coast. The Paradise Coast is known for it's beaches, boating, fishing, hundreds of golf courses and shopping.

Manning Drake Auctioneers have conducted over 14,000 real estate sales by auction in over 30 years in the US. The Auction at Harbour Point will be conducted Sat April 7th on-site at 11am Eastern standard time or at 4pm GMT. Bidders are encouraged to review info on-line.