S. Florida real estate is among most expensive in the nation.
I'm a RE hobbyist. 5 acre lots near Gulfstream are $50 million.
Gulfstream is 300 acres and the largest piece of continuous acreage in greater Miami.
Even at 5 million an acre it's worth $1.5B.
Golden Beach is ~3 miles from Gulfstream.
Oceanfront is $30 million for empty acre. You want a house? 100 milly
Frank Stronach paid $95 million in 1999. He's looking like a genius now