The five-acre property, off Earl Street near the highlypublicized city's Boardwalk site and facing the Atlantic, was beingsold for delinquent city and county real estate and utility taxestotaling $570,000. The attraction was built by AdventureEntertainment of Jacksonville, FL in 1998 for $15 million.

At $170,000 per acre, or $3.90 per sf, the park's land valueitself would have been a prudent acquisition for near-futureprivate development, brokers tell GlobeSt.com. With no buyer insight, the property now comes under the control of Volusia Countywhich may decide to demolish the attraction and use the land forparking, county planning staffers tell GlobeSt.com.

"It's hard to believe that not a single bidder threw up a bidfor that property," Dean Fritchen, senior broker, Coldwell BankerCommercial NRT, Winter Park, FL, tells GlobeSt.com. "The buyermight have been able to flip it quickly and recoup his or herinvestment overnight."