, 1905-08-23
THIRD ANNUAL SALE
OF REAL ESTATE
IDEAL WEATHER, MANY BIDDERS
Notable Demonstration of the
Value of Land Along Five
Mile Beach. Big Hotel
Is Needed to AccommO-
date the People

Ackley's third annual auction sale
of Five Mile Beach properties this
Wednesday, afternoon was a pro-
nounced success. The day was ideal
and the attendance large. He sold
lots in Anglesea, Wildwood, North
Wildwood and Holly Beach, from I'M
improved meadow lots in North Angle
sea at 1925 a lot, up to a plot of three
unimproved lots in Wildwood at
81 800 for the three.
The most notable demonstration in
this sale of the value of land on Five
Mile Beach was the offer of $50, 600 for
the plot of 200 feet by $50 feet on At
lantic avenue, opposite Hotel Dayton,
and owned by Baker Brothers, which
offer was rejected because the plot was
put up at public sale for the purpose
of furthering the building of a great
hotel Immediately, and the bidder pro-
posed only to buy and hold the land
as an investment. The price offered
was satisfactory, but as the sale would
INV hoN oSNoAAh RiIchCo Xix oDJCCI Vi
getting a grand hotel or large business
block, both SO much needed to accom-
MEDIATE the great patronage the public
Is giving to Wildwood, and the bust
ness activity of the resort, it was not
accepted. Sheriff Bright was the bid
der in this sun and whether Mr..
Bright was bidding for himself or rep
resented someone else the JOURNAL
did not ascertain.
The average prices received at this
ale sustain the rates paid at private
sale, and are the best evidence of the
strength of the market for real estate
on this island. One effect of this single
sale will be the erection of at least half
a dozen new houses in Wildwood by
persons who acquired property to-day.
Among the purchasers of lots in
Holly Beach were Ruric N. Adams
and DR.. j. w. Harrigan. Mr.. Adams
now owns 500 feet of ocean front pro-
perty and will spend SIS 1000 the COM
ing winter in building and improve
ments. DIR. Harrigan's purchase ag-
gregated So $50 and includes properties
on Young and Atlantic avenues.
The lot adjoining the Seacrest Hotel,
Pacific and Wildwood avenues, owned
by John N. Reeve, was purchased by
George Lorenz, Il Philadelphian, for
1900.
"a Wnllnr of Dhilo1 aInhin lD,,olt
two Wildwood lots for 81 800, and
Charles H. Cassel, also of Philadelphia,
purchased two fine lots on Juniper
avenue for 81 800.
Thomas Martindale purchased a
choice lot opposite the park for 500,
and several lots in Anglesea. The
Osprey property, four lots on Lincoln
avenue, Holly Beach, was purchased
by j. Harry Hazlett, of Philadelphia.
E. H. Peterson, a summer resident
for years, bought two fine lots on Mag
nolia avenue adjoining his handsome
cottage. The purchase price was 81, 400.
Mrs. Louisa Schada, an enterprising
real estate woman largely interested in
Holly Beach, purchased a number of
lots in the three resorts. n. Garfinkle
purchased a lot on Garfield avenue
upon which he will erect a cosy cottage.
James Eynon, of Philadelphia,
bought three lots in the Ottens tract.
George H. Hodson purchased two
lots ON Andrew avenue, Holly Beach,
and John w. Creamer, of Germantown,
secured two nice properties, on Glen
wood avenue, Wildwood.
Local real estate men invested heavily
lin lots in wildwood.