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This Maine home sold for a whopping $12,000,000 after just 90 minutes on the market — and it’s right near the Bush family compound. Why luxury home prices in America have stayed healthy.
Although inventory levels have improved, prices — especially for single-family homes — remain near all-time highs. As of September, the median home in the region sold for nearly $500,000.
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The one bedroom, one bathroom home, sold a few years ago for close to $2 million and rented for $14,000 a month, Fox 11 LA reported, citing online data. It’s located on Castellammare Drive.
The site of the collapse was sold in May 2022 for $120 million to Dubai-based developer Damac owned by billionaire Hussain Sajwani. Damac was the only bidder in the auction conducted by Avison Young, the commercial real estate firm appointed by the court. The new properties will be branded as Cavalli luxury residences.
A man in West Palm Beach, Florida has been arrested after being accused of making threats against President Trump, police say.
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