Sun sets on Solé

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Solé, the Flagler Village condominium development, is Fort Lauderdale’s high-profile version of the housing bust, and many who had hoped to ride the housing boom to revamped urban luxury there are now in financial distress. The city had declared the area a blighted slum, but many hip, affluent buyers were nonetheless willing to pay up to $440,000 for an urban pioneering opportunity in the new project. Ravaged by foreclosures, the development has since become a locus for renters and vulture buyers. Units that sold at the high end of the price range have changed hands more recently for as little as $125,000, a 70 percent discount.

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