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However, marriage equality in Florida is making it easier for same-sex couples to buy a home, the survey found.
The property on North Federal Highway could make for a good location for a clothing retailer, according to broker Kimberly Barbar.
The percentage of Miami-Dade County homes in foreclosure fell in March but was still higher than the rate for Florida and the nation.
Morada Bay, a 3.68-acre property in Islamorada, sits across from the Keys resort where Netflix television show Bloodline was filmed.