What makes a house worth $49,500,000? --- the asking price for a property in SW Miami featured in a well-known realtor's full-page ad in The Wall Street Journal today.
I took a peek at the web site and had a visual tour of the house inside and out. I don't know if what I saw is worth the asking price, and I don't plan on tapping my 401K to even visit - but it is mind-bending at this time to think someone has the faith in the American dream to ask this price and expect someone will come forward. Most likely a prospect will counter-offer and the price might drop a mil or two but forty-seven mil for a house? It does have a helluva view of the water!
By the way, more than 700 viewers had viewed the web site as of mid-morning!
