Lost Cove Marina and RV Park, with Home, on Alabama's Smith Lake to Sell in July 31 Auction

July 10, 2009

CRANE HILL, Ala.--(BUSINESS WIRE)--Lost Cove Marina and RV Park on Alabama's Smith Lake will sell at auction Friday, July 31, with Advantage Auction & Realty Inc. managing the sale. Also selling separately in the same auction will be a nearby waterfront home site. The marina, located on approximately 1.04 acres with approximately 300 feet of waterfront, includes 16 covered boat slips, and four RV lots with electrical and water hook-ups. Selling with the marina are a three-bedroom brick home and a "bunk house" building with a section formerly used as a general store. "Smith Lake has become one of Alabama's favorite freshwater getaways, and this marina offers an excellent opportunity to enjoy a relaxed lifestyle while earning income off the boat slips, boat launch, bunk house and RV lots. In addition, the marina has a jet ski dock with lifts," said Marold Pigg, president of Advantage Auction. The recently renovated home selling with the marina is brick, with three bedrooms and a large back porch overlooking the water. The waterfront home site, which is selling separately, consists of approximately 1.5 acres with approximately 168 feet of water frontage.

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