http://www.arnowitzproperties.com/Miami and The Beaches; long a playground for the rich and famous, is now more accessible! If you consider $2 million, as opposed to $5 million, accessible. A good portion of these luxury buyers are purchasing second or even third homes and living as part-time residents, buying with all cash. The lower prices are affecting everybody. NBA star Shaquille O'Neal recently took a hit on his Star Island home, purchasing the parcel for $18.8 million in 2004 and recently selling it to a Russian buyer for $16 million.
A few years ago, many of the properties in and Golden Beach, Palm Island and on Millionaires Row were untouchable by many well-to-do buyers. Now those properties priced at $10 million and $12 million have dropped to $8 million, while those at $5 million are now priced at $2 million and $3 million!
Are you ready to take advantage? All-cash buyers are ultimately going to make the best deals in a deeply depressed housing market! South Florida, On The Water, Nothing's Better! You Deserve the Best!
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