When holly schiller bought a town house in Fort Lau-derdale in the fall of 2004, she figured she would pocket a profit before the place was even finished. Schiller, 51, and her husband had already flipped several properties in Florida's sizzling market, and this one sounded sweet: three bedrooms, private elevator, designer appliances. Villa Medici, promised the builder, would be modeled after a "true Italian Tuscan village," featuring Mediterranean facades and a resort-style pool. "As with any limited edition,"' the pitch stressed, "demand always exceeds the supply."
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