Sewall’s Point lot draws top bid of $363,000 in auction
SEWALL’S POINT — A retired Port St. Lucie resident was the top bidder at $363,000 in an auction Thursday for a vacant 1.3-acre lot overlooking the Indian River Lagoon.
Bill Solomon, a Washington, D.C., native who had worked as a medical equipment salesman, said he didn’t know yet what he planned to do with the property.
“I’m keeping all kinds of options open,” Solomon said after the 20-minute auction for which 25 people registered to bid.
It was the second consecutive day of absolute auctions with no reserve price by Palm City-based Elliot Paul & Company Auctions.
Working on behalf of William Frick, who is selling some property because of a divorce, Paul also auctioned off two lots in the Hutchinson Island development of Galleon Bay on Wednesday.
According to public records, Frick paid $572,500 for the Sewall’s Point lot in June 2002, and $1.39 million in January 2001 for the two adjoining lots in Galleon Bay
In the auction of the Galleon Bay lots, which drew 30 potential bidders, a buyer represented by Realtor Adam Brown of Waterfront Properties and Club Communities in Sewall’s Point was high bidder at $500,000, plus a 10 percent auctioneer’s commission.
That buyer was given the choice of the two lots, each just shy of 1 acre with about 110 feet of beach frontage, and picked the lot at 1265 Doubloon Drive.
Craig and Marcia Hill were high bidders on the adjoining lot at 1245 Doubloon Drive with a $425,000 bid, plus commission.
Paul said the Hills told him they plan to build their dream home on the lot.
“I think both of these auctions demonstrate there is a market for waterfront properties in Martin County,” Paul said. “
