Posted: Wed, 4 Nov 2009 01:24 PM - 7,909 Readers

By: PR Web

Twenty five luxury waterfront condominiums on Lake Travis will sell at auction on Sunday, November 15 at 2 p.m. J. P. King Auction Company, the nation’s leading real estate auction marketing firm, will manage the sale of the Waterstone Condominiums in Lago Vista, Texas, with 10 units selling to the highest bidder with no minimums and no reserves. The sale will take place at the Sheraton Austin at the Capitol located at 701 East 11th Street in Austin.

Of the 25 units, nine have been completed and include luxury features such as hand-scraped hardwood floors and high-end appliances. The 16 available white-box units provide buyers with the opportunity to customize the floors, cabinetry and color scheme and the ability to choose from six floor plans ranging from 1,508± square feet to 1,915± square feet. Buyers who purchase unfinished units at the auction will purchase them at the completion price and will work with the Waterstone Condominiums to customize their unit to the finishing of their choice.

“The Waterstone Condominiums provide something different than many other properties on Lake Travis,” said Craig King, president and CEO of J. P. King Auction Co. “It has a modern feel on the north side of the lake with high-quality finishes and a variety of customization options. It gives its owners a low-maintenance luxury unit while still offering everything you could want in a lakefront home, making it a perfect second-home option.”

The Waterstone Condominiums were created with luxurious waterfront living in mind — each unit containing floor-to-ceiling windows for ultimate lake views and a balcony. Ownership at the Waterstone also includes access to the development’s outdoor kitchen, stone fire pit, infinity-edge pool, heated spa, day dock and swimming pier.

“We chose to auction our condos with J. P. King because of their experience and track record,” said Chris Ray, assistant vice president of Winston Capital. “We saw the success J. P. King has had in other projects in the area and were impressed with what they brought to each sale. It made us confident in choosing them.”

An ideal second home location, Lake Travis presents excellent opportunities for any type of outdoor, lake living, including fishing, boating, swimming and camping, while remaining only a short drive to the activities and entertainment of Austin.

Property tours began on October 31 and will continue through auction day. Excellent auction-day financing is available. For more information, interested individuals may contact J. P. King Auction Co. at 800.558.5464 or visit the company’s Web site at www.jpking.com.

J. P. King Auction Co. is based in Gadsden, Ala., and is the nation’s leading real estate auction marketing firm specializing in high-value properties such as condominiums, land, super-luxury homes and ranches. J. P. King has marketing upscale properties in 49 states and six countries with recent sales in Texas, Florida, Tennessee, California, South Carolina and Georgia.

*  Story Contributed by: PR Web