The average price of a single family home on Star Island — the man-made enclave off the coast of Miami Beach — was valued at an eye-popping $40.2 million.
Shaquille O’Neal is one of the ultra-wealthy celebrity residents of Miami Beach’s Star Island.Billionaire hedge fund manager Ken Griffin recently bought five properties on Star Island.Marble Hill, Manhattan’s northern-most neighborhood and the only part of the borough which is physically attached to the Bronx, has seen typical home prices decline from $1.81 million in 2019 to $1.24 million — a 32% drop, according to Zillow.
Home-hunters looking for a property on Manhattan’s Upper East Side would have had to pay $8.31 million three years ago. As of December, that figure dropped by 9% to $7.58 million. New York and San Francisco have both been plagued in recent years by a decline in the quality of life that local residents have blamed on surging crime rates, rampant homelessness, high taxation, and increasingly unaffordable cost of living.
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