Mega mansion frenzy: Buyer snaps up Pat Riley’s $16M home to level it, rebuild - Real Estate News - MiamiHerald.com

Mega McMansions are back fro the dead in Miami, only 4 years after the 'great crash.' The buyer of this $16 million waterfront home is tearing it down to build something grander. Pasha-style houses are under construction seemingly everywhere. A Russian recently spent $70 million on a trophy home.

Boom and bust. It's in the Miami DNA. And the word 'subtle' was long ago excised from the local dictionary.

Mega mansion frenzy: Buyer snaps up Pat Riley’s $16M home to level it, rebuild - Real Estate News - MiamiHerald.com