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Palm Beach Mansion Flips for $22.5 Million—$4.5 Million More Than It Traded for in June

Less than eight months after it last changed hands for $18 million, a Mediterranean-style mansion in Palm Beach, Florida, has sold again, this time for $22.5 million.

The home’s quick turnover, as well as its $4.5 million markup, underscores the frenzied prime property market conditions within the upscale coastal enclave.

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