27 Il Villaggio Condominium Tower in Miami Beach, Florida

One look at the skylines of Miami and South Beach will tell you that there are a lot of condominium towers similar to the Il Villaggio on Ocean Drive. But of the nearly 60,000 units, only about 21% are homesteaded. This means the majority are owned by seasonal residents and absentee owners who rent out their unit. And with all of the recent development, there is an eleven year supply of new condos on the market.

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1455 Ocean Dr, Miami Beach, FL 33139

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