Photo: Marta Lavandier/Associated Press
A 5100 sq. ft. penthouse condo in the Arte building on the Miami beachfront has been sold for $18 million in cash, according to the Wall Street Journal. The property was originally listed for $28 million in 2021.
This would appear to be proof positive that concerns over the warming climate and consequent devastating sea level rise are giving prospective real estate buyers second thoughts on lower elevation oceanside property. Occupants of the building include Donald Trump's daughter Ivanka and her husband Jared Kushner.
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