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Beyonce Takes Huge Price Cut Selling Off Miami Cabana!

| Filed under: BeyonceBusiness BlitzFor Reals Estate

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Ouch!

All the more proof that times are tough - even if you're Beyonce!

The diva paid $465,000 on a small, 190 square foot cabana in a Miami condo complex in 2002, basically to use as a beachfront room adjacent to the pool, but apparently, she has sold it off for a mere $110,000 - 75% less than its original fee!

Brutal, right?!

Well, about as brutal as it can be for someone with the finances to pay almost $500k for a glorified changing room!

[Image via WENN.]

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7 comments to “Beyonce Takes Huge Price Cut Selling Off Miami Cabana!”



  1. 1

    Give me a break. What a non-story. Yes, the market is bad now. No, that won't effect people like Beyonce.

  2. Mermo says – reply to this


    2

    She sold it to me!!!!



  3. 3

    Duh! She bought right before the real estate peak. Then the real estate market had an overdue eruption. The economy has gotten worse in the past two years, esp in touristy/resort areas. The math is easy.



  4. 4

    Um….this was news like three days ago. What a fucking lame site.



  5. 5

    Re: fairwindsandfollowingseas – go to a dfifferent site loser

  6. @v@ says – reply to this


    6

    Relative to the market, any property she might buy with that money would be lower as well, but sometimes you can get stuck buying high and selling low.



  7. 7

    awwww how will she ever get by after such a loss??? (much sarcasm intended)