David deMartino recently purchased a 760-square-foot, one-bathroom condo for $212,900 in the booming market of Fort Lauderdale, Fla. He has already ordered custom flooring and cabinets and a flat-screen TV. However, he has no plans to move in the new condo. That is because he would sell the condo for his collection of cars and motorcycles.

According to a garage manager, a 180-square-foot space at the Brimmer Street Garage in Boston's exclusive Beacon Hill neighborhood just sold for $200,000. Three car condo developments are scheduled to open in south Florida by the end of 2007.

Park Place Car Condo is opening a 224-garage facility in North Miami and a 179-garage facility in Fort Lauderdale and plans to open locations in New York, Las Vegas, Orlando, Fla., and Scottsdale, Ariz., in the next few years.

By M. Sese
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