High-end homes also get flipped

Posted in The Market on Aug 29, 2005

Oh, to have $1.05 million to throw around on real estate. Rabid home investors in overheated markets like Palm Beach, FL aren’t just sticking to condos and townhomes–they’re flipping luxury homes. That home for $1.05 million? It’s back on the market 18 months later for $2.25 million.

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