The homes in this Miami Beach nabe, all in the million dollar-plus range, may not be the largest manses in the nation, but what they may lack in square footage, they certainly make up for in water views and an ideal climate. Perhaps they more resemble Beverly Hills than Southampton, where you pay a pretty price for constant sunshine. Sounds like a fair trade-off to meese.
And yet, as one of the hardest-hit regions by the latest Great Depression, who knows how much value these Miami estates have lost. One thing is for sure: for sale signs pervade the area, with pleas to purchase "or rent." You know that's a bad sign.Hey, I think I might be able to afford this one! Lots of "potential," huh?