ORIGINALLY SCHEDULED 5/23/2009. RESCHEDULED TO 6/27/2009 DUE TO SEVER WEATHER.

ABSOLUTE GULF / BAY COUNTY FLORIDA REAL ESTATE LAND AUCTION OF 3349 +/- ACRES

TRACT 4 SELLS ABSOLUTE ~ 480+/- ACRES OF PRIME WATERFRONT WITH ROAD ACCESS SELLING ABSOLUTE TO HIGHEST BIDDER ~ REGARDLESS OF PRICE!

BALANCE OF 2869 +/- ACRES WILL BE OFFERED VIA SELLER CONFIRMATION ~ SELLER IS VERY MOTIVATED TO MOVE ALL THIS LAND

PROPERTY WILL BE OFFERED IN 6 TRACTS ~ VIA COMBINATION AND AS A WHOLE

Now is your opportunity to purchase pristine Florida land at YOUR price. International investors take note of the weak dollar and put the exchange rate to work for you. There has never been a better time to take advantage of the market and invest in Florida real estate.

Just a few miles from the Gulf of Mexico, and with plenty of waterfront along the intercoastal waterway, this land offers tremendous opportunity for development. Within this acreage buyers will find plenty of investment choices in timber, hunting, development and waterfront land.

This acreage comprises the third largest land holding in Gulf county. St. Joe paper owns 85% of the land in Gulf county. There is great development happening in this area, including the Panama city international airport and 181 lot subdivision along Pleasant Rest Rd. Now is the time to invest in this area.

Over 5 miles of waterfront compliments this paradise. Natural Florida beauty adorns much of the coastline, untouched and pristine. Great fishing, boating and all with direct water access to the Gulf of Mexico along the intercoastal waterway.

Property Benefits Include:

• 1250 acres of merchantable timber, valued at $2,250,000 (April 2009)
  
• 1410 acres of pre-merchantable timber, valued at $1,275,000 (April 2009)
  
• Hunting lease in effect, paying $2.85 / acre
• Pine straw lease in effect, paying $0.25 / bale ~ average income $35,000
• All leases may be canceled with 30-day written notice
• Plenty of navigable water of 6' - 20' depth along the intercoastal, Horseshoe Creek and Wetappo Creek
• A variety of land uses, to include development, timber and hunting
• A majority zoned Agricultural, with some Residential south of Pleasant Rest Rd.
• Close proximity to new Panama City international airport
• High-arched 68' bridge in the Overstreet community over the intercoastal
• Fire department in Overstreet community

Gulf / Bay County Amenities:

•    Minutes from Port St. Joe’s recently re-created deep water industrial business port
•    Pro development counties, easy to work with
•    Less than 60 miles to new Panama City International Airport
•    Situated along the proposed Gulf Coast Parkway route:
        o    Direct route for tourists vacationing in south Gulf County
        o    Direct route to the new international airport
        o    Relieve traffic congestion along Hwy. 98
        o    Enhance regional mobility for hurricane evacuation
•    Over 5 miles of beautiful natural Florida scenic waterfrontage
•    Easy deepwater access from the property to the Gulf via the
Intercoastal Waterway
•    Designated Foreign Trade deep water port in Panama City
•    Highly skilled workforce from the region’s multiple military
installations, industrial businesses, two community colleges and one senior university
•    Aggressive business tax incentives, along with separate package
incentives to promote growth of business in the area
•    Utility rates among the lowest in the Southeast
•    Miles from West Bay Sector Area Plan / Greenfield Development, which includes the International Airport and over 4.4 million square feet of commercial, industrial, professional and service space
•    In the vicinity of proposed sites for multiple major theme park
developments
•    Close to major shopping areas such as the million plus square foot Pier Park complex

Distances From Destination Cities:

•    Tallahassee FL, 68 Miles
•    Panama City FL, 18 Miles
•    Apalachicola FL, 30 Miles
•    Mexico Beach FL, 5 Miles
•    Atlanta GA, 260 Miles
•    Miami FL, 450 Miles

Tracks / Acreage:

Date / Time: Saturday, June 27th @ 10AM CST
Location: On-Site ~ From Tract 5, 4098 Pleasant Rest Rd., FL (Just North of Port St. Joe / Mexico Beach FL in the Overstreet community)
Agents / Coordinators: Quinton Smith 850-445-3212 or quintons@affiliatedauctions.com
Lodging Arrangements: 850-656-5486 or lodging@affiliatedauctions.com
Buyer's Premium: 10%
Deposit (collected day of sale): 10%
Method Of Sale: Designated tracts sell absolute to highest bidder on the day of auction, regardless of price. Balance sell via seller confirmation.
Buyer's Agent: 2% commission of the high bid price / hammer price, prior to inclusion of Buyer's Premium if Agent abides by the terms of the Broker Representation Agreement.
Title: Seller conveys marketable title ~ free and clear of encumbrances, judgments, mortgages and liens, other than easements and covenants of record.
Bid Via: Phone, Absentee, In-Person or Live Internet
Property Viewing: Call to schedule a viewing or stop in during open house (times listed below).

Open House Times:

• By Appointment, contact agent