If the old real estate adage holds true — it's all about location, location, location — then about 100 miles off the tip of Florida, it's boom time. The real estate market in Havana, Cuba, is roaring.
The communist country is seeing its colonial-style mansions and Art Deco apartments selling in the hundreds of thousands of dollars. Add a Caribbean sea view or a prized spot in a pre-revolution, exclusive neighborhood, and the price can top a million bucks. The prices are soaring, along with speculation in this budding and risky all-cash real estate market.