Month: April 2012

Vacation Home Purchases on the Rise

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If you’ve ever thought of purchasing an investment or vacation property, now may be a good time. According to the National Association of Realtors, investment property and vacation home sales sky rocketed last year, with many investors taking advantage of low sales prices.

Pictured: Waterfront home in Miami Beach courtesy of miamismvia Flickr.

Vacation home buyers also came out in larger numbers, according to NAR, with sales growing 7% year-over-year to 502,000.

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Celebrity Real Estate Spotlight: Dwayne “The Rock” Johnson Buys New Miami Home

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Celebrities love South Florida so it’s no surprise you’ll catch plenty of them purchasing ¬†homes here.

The Sun Sentinel recently reported that pro-wrestler, actor and University of Miami alumni, ¬†Dwayne “The Rock” Johnson just paid $3.45 million for a home in the neighborhood of Southwest Ranches.

Photo courtesy of by david_shankbone via Flickr.

The six-bedroom home has a theater, resort-style pool and a gym, among other amenities.

Click here for the full article and a link to photos of the home.