A teardown property in Fort Lauderdale has set a new record by selling for $70 million, highlighting the rising appeal of ultra-luxury real estate in the area. The property, located in the exclusive Harbor Beach neighborhood, will be demolished by the new owner to create a customized home. This sale marks a significant increase in luxury home prices, which rose by 7.4% from the previous year. The trend indicates a shift towards personalized designs over existing luxury homes, reflecting changing buyer preferences in the evolving Fort Lauderdale housing market.
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