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PASSED
reserve not met
This lot was not sold.
Lot # 1
Lost Cove Marina, Lake House, Gen. Store/Bunk House, RV Camping, You'll Love this Property!
Lost Cove Marina on Beautiful, Lewis Smith Lake in Central Alabama (between Huntsville and Birmingham) in Cullman County. We have heard that Lewis Smith Lake has been ranked as one of the cleanest lakes in America! Due to the great depth of these waters, championship fishing tournaments come here each year. This Lot #1 is a very unusual waterfront property! Located on the main channel of Smith Lake, it has deep water year around. This property has 300' +/- shoreline and about 1.04 Acres+/- lot size. Look at what you get with all of this: Lost Cove Marina with 16 boat slip covered marina, 3 Bedroom, 1 Bath waterfront Lake Home (recently updated in and out!) a rental waterfront Bunkhouse with a general store on the shore-side waiting to be opened, (4) RV campground slots WITH FULL HOOKUPS and the only boat launch on that part of the lake! Following are the numbers given to us by the owner (who is a local Realtor): Lot Value: Current Market Value: $375k to $450k; Marina: est. value: $275 to 300k; Bunkhouse (not counting porches & decks): 1100 sq. ft +/-; Lake Home (not counting porches & decks): 1000 sq. ft +/- updated recently (very nice!); Boat Launch: $5k; Dock with Jet Ski Lifts: $10-15k; Plus the value of the RV camping slots. One of the current renters there told us he pays $350/month to camp there. There is an honor system money box at the boat launch right now with a $5 fee to use the launch. When we were there installing the auction signs, the boat launch was very busy and everyone we saw putting in there put there money in the box. This is a place you do not want to leave! It is so beautiful and peaceful! We have fallen in love with this place! In today's economy, this seems like a very wise investment! To see more photos, please visit www.advantageauction.com. Once there, click "Auctions:Click Here" and then click "Upcoming Auctions" Scroll down till you see this auction.
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PASSED
reserve not met
This lot was not sold.
Lot # 2
Lake Lot on Beautiful, Deep, Pristine Clean Smith Lake, Central Alabama!
168' Water Frontage and 1-1/2 Acres +/- on one of the best kept secret Lakes in America! Beautiful rocks along the waters edge. Gorgeous panoramic views! Take a look at your neighbors beautiful million dollar homes! Read all about Smith Lake at www.Smithlake.info This is a Realtor-Owned property that we are taking to auction for. He is motivated to sell this property on July 31st at 6:00 p.m. at Public Auction. Please visit our website for more photos of this property at www.AdvantageAuction.com.
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