01 Jul
Posted by Brian Anderson as Finance Help
Lake Vonda in Hardeman County, which was set to be auctioned off on June 28, didn’t attract a top bidder, but some interested parties are now in negotiations to purchase the site.
A crowd of primarily friends, family and nearby neighbors attended the event, auctioneer David Hudgins of United Country Hudgins Auctions said today, but most were interested in purchasing small, individual tracts of the 417-acre recreational site. However, no firm bid for the entire property emerged. The site had been appraised for tax purposes at $4.8 million, but was expected to bring bids of $1.5 million to $2.5 million.
The site features nine cabins; a 36-acre lake with water slides; a 15-acre lake with ponds and a creek; an in-ground pool; a pool house; playground; gazebos; fountains; go-cart track; multipurpose buildings; RV sites with underground utilities; walking and riding trails; and camp sites.
After the auction, sellers were contacted by two unnamed parties interested in the property and a sales agreement is expected within the next few weeks, Hudgins said.
The retreat, which was built by the late P.T. Grantham, was the subject of a recent feature in Themercial Appeal.
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