The Real Deal Miami

House swap on South End

July 06, 2009 01:36PM

A pair of Palm Beachers managed to sell each other their houses, at 134 El Vedado and 1564 South Ocean Boulevard, for the same price. Lengthy broker negotiations were required to get each buyer to accept a $6 million purchase price. Bill Yahn, a regional senior vice-president for the Corcoran Group, said the transaction was a challenge, but each property had gone through significant price cuts and a deal needed to get done.