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Miami’s Only Historic Motel Sells for $4M

Group Buys 51-Room Vagabond at 7301 Biscayne
By Jeannie P. Knox
December 6, 2005 | 10:17 P.M.

The Vagabond Motel, Miami’s only motel to be designated a Historic Preservation site, was sold for $4 million. Milano at Ocean Drive LLC purchased the 22,154-square-foot property for about $78,400 per unit.

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