The Mediterranean villa that we mentioned had recently gone into contract closed earlier this week. Final purchase price? $10.5M?16% off the original ask of $12.5M. Good enough for the #10 spot on the biggest sales of 2012 (so far), but the placement will be short lived. As soon as one of these properties closes, the 6500 sq. ft. home will be unceremoniously bumped.
· Listing: Bayfront Mediterranean Villa [Sotheby's International Realty]