The 11 registered bidders quickly fell to two as the $2 million starting bid quickly escalated, concluding with a $10.5 million offer from Marvin Sault of Cleveland.

Because the sale included an additional 7.5 percent buyer premium on top of the bid, the purchase price totaled $11,287,500, still only a fraction of the more than $40 million spent to develop the community in the late 1990s.

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