Take the small condo in Key West that sold in September 2004 for $720 per square foot. Must be luxurious you say?
Located at 3312 Northside Drive, unit 301 is a studio - meaning no bedroom - and offers 408 square feet of living space. Here is a photo of the building:
Today, this condo is offered for $77,500.
And with today's 5% mortgage rate, you could finance this entire purchase for $416 month.
But at $190 per square foot, is it worth it yet?