CHARLEVOIX, MI-The developers of Country Club Fairways in Charlevoix have decided to sell the attached condominiums at auction on Saturday, July 19, with J.P. King Auction Co., Gadsden, AL, managing the sale. The two partners, based in Novi, MI, said they tried unsuccessfully to sell the properties for a year and a half.

“We want to jump start the sale of these completed units so that we can get on with Phase II, on which we’ve already begun site work,” said Rick Tyner, who is developing the condominiums along with partner Irwin Arkin.

The plan is to build a total of 44 condominium units along the golf course. Using an auction is an increasingly common way to sell a development, according to Craig King, president of J.P. King. “Selling units in an existing development can take a while using conventional methods, and developers are usually eager to get on to the next phase. With an auction, they can offer all eight condominiums in a single day,” said King.

The auction also gives buyers a chance to buy at their own price, he said. “Two of these eight units will sell absolute, meaning they will go to the highest bidder regardless of price, so somebody may get a real deal,” said King. The remaining six units will be subject to seller confirmation, meaning the sellers will have the right not to sell them if bids are too low.

Tyner said the condominiums haven’t sold yet due to a soft economy and unfortunate timing–coinciding with the September 11 terrorist attacks. “Just as we were in the final construction stages, the attacks hit, and of course, nobody was buying anything for a while,” he said.

The condominiums are the partners’ second project in the area; the first was an 11-site lakefront development on Lake Michigan now known as Pa-Be-Shan Shores.

Tyner and Arkin decided an auction would give the condominiums more exposure outside Charlevoix, according to King. “While there are prospective buyers in the local area, the reality is that a lot of the people who own properties in northern Michigan live and work most of the year in places like the metropolitan Detroit area, Ann Arbor, Dearborn and Chicago. Since the entire auction process takes just a few weeks, we can carry out a more aggressive campaign in those areas,” said King.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.