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South of Fifth prices head north

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From the South Florida Market report: After more than three years of stagnation, December 2011 brought a shock wave to the Miami real estate market: A 5,803-square-foot penthouse unit at the Setai South Beach had sold for $21.5 million. The deal set a record for the sale of a condo in Miami-Dade County, and was just the beginning of what would become a boom on South Beach’s highest floors. Eloy Carmenate, an agent at One [more]



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