6 Waterfront Lots SOLD at Auction

SMITH LAKE

Six waterfront home sites in WaterBound, a spectacular 205 +/- acre exclusive residential development on Lewis Smith Lake in Cullman, were sold today at auction for a total price of $738,100. A total of 33 registered bidders participated.

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Live On-Site Auction

Began: Saturday, August 15, 2009 at 11:00 AM CDT

Location: Cullman, AL

Details

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Auction
Saturday, August 15

Registration: 9:00 am • Auction: 11:00 am

Address: County Road 351, Crane Hill, Alabama

Terms: 10% down with $5,000 per lot being in personal check, business check or certified funds. Closing in 30 days.

Auction Site: The auction will take place at the property — County Road 351, Crane Hill, Alabama.

Pre-Sale Inspection: Property is available for viewing daily by appointment from 10 a.m.
to 5 p.m. beginning August 9.

Broker Participation: Broker Participation welcome subject to certain guidelines.
Call 1-800-650-0882.

For More Information: Call 1-800-650-0882 or (256) 547-3434. Beginning August 9,
call on site, (256) 504-5201 or (256) 504-6858.

Property Description

The most beautiful scenery in Alabama rests before WaterBound, an exclusive, 205±-acre waterfront community on Lewis Smith Lake, just outside of Cullman. Located near the 180,000±-acre Bankhead National Forest, Smith Lake is rated the second cleanest lake in the United States.

An impoundment of the Sipsey Fork of the Black Warrior River — Alabama’s only Wild and Scenic River — Smith Lake plunges to depths of 264 feet and covers some 500 miles of pristine shoreline. Home to state fishing records, Smith Lake is known for its trophy catches of bass, bream and crappie. The lake is also a haven for boating, sailing, skiing, swimming and a number of other water sports.

WaterBound is the perfect place to savor all the splendor which surrounds this 21,200±-acre crystal blue lake. A restricted waterfront development, WaterBound features gently sloping lots, underground utilities and tranquil walking trails. The lots have been pre-approved by Alabama Power for the construction of double boathouses.

Only five minutes by boat from Ryan’s Creek Marina, WaterBound is less than one hour from Huntsville and Birmingham, making it a convenient location for a permanent residence or vacation home.

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