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Miami tops world in annual jump in luxury home prices

Prices for expensive properties in South Florida increase by more than 25 percent.

The philanthropist couple David and Leila Centner want to build a mansion in Miami Beach. Pictured is a rendering of the gate and entrance to the proposed estate from the application filed to the city of Miami Beach. — The philanthropist couple David and Leila Centner want to build a mansion in Miami Beach. Pictured is a rendering of the gate and entrance to the proposed estate from the application filed to the city of Miami Beach. [ City of Miami Beach ]

Associated Press

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