Miami mansion bubble is hot... and I'm not talking weather.

High-end real estate prices in Miami are breaking records. There was a $25 million condo sale last month, which marked the highest price ever paid for a condo in Miami-Dade County. The mansion on Indian Creek Drive is reported to be under contract for $52 million. The owner of Casa Casuarina, formerly known as the Versace mansion, has listed the property for $125 million. Sales of million-dollar condos in 2011 are up nearly 20% over the previous peak year of 2006.

But the traffic is worse than ever

Glad I left in '07… Still miss the food. :neutral:

I think Russell H may be the only co. able to inspect a $125M house…:slight_smile: