The Real Deal Miami

Broken records! Home sales set benchmarks left and right

October 14, 2013 04:00PM
By Melanie Gray

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Residences at W South Beach

Residences at W South Beach

From the South Florida market report: In the last 18 months, Miami has turned into a real estate record-breaking machine. Sears CEO Eddie Lampert kicked off the madness in March 2012 when he paid $38 million for a villa in Indian Creek — the most ever for a single-family home. Only five months later, in August, a Russian mystery buyer ponied up $47 million for a compound just a few doors down. [more]