The ultra-rich move to Miami; They pay record amounts for exclusive mansions

While the American real estate market is frozen, in the most exclusive corners of Miami Beach some titans of finance and technology are willing to pay anything for a property.

In and around Miami Beach, a stretch of barrier island about a mile wide, a gold rush is underway. Leaders in finance and technology compete for land on the enclosed artificial islands overlooking Biscayne Bay, overlooking downtown Miami.

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