Jul 25th 2006 6:23PM The Hogans did indeed purchase a newly-built home near South Beach. Though not on the beach itself, the house is located on an inlet giving them access to boating. It is built in quite a different style than their French Provincial Clearwater residence and will likely be featured prominately in Season 3 of their show. I believe that the house was listed for around 12 million, but if Terry and family ever decide to sell it, they will likey make a respectible profit.
To the individual who suggested that the Florida real estate market is "slow" she has obviously failed to notice the rampant overspeculation and unrelenting property development that has plagued many parts of the state. In Orlando, for example, prices for a crappy one bedroom "condo" can easily surpass the $100,000 mark. That's an awful big chunk of chance for a piece of building that, just months before, had likey been home two a few graduating college students.