A century old Miami Beach mansion just sold for $29 million. But the number that makes this transaction especially revealing is the $38.5 million asking price that came before it. The home at 49 Palm Avenue on Palm Island closed October 5, according to MLS information displayed by Redfin. Built in 1926, the property demonstrates that older homes can still attract substantial money in a market fascinated by new construction. It also demonstrates that an impressive closing can follow a…
MarketMiami
This Miami Beach Mansion Sold for $29 Million. The Seller Once Wanted $38.5 Million.
A century old Miami Beach mansion just sold for $29 million. But the number that makes this transaction especially revealing is the $38.5 million asking price that came before it.
