Developed on speculation to be threshold-ready in December, a four-bedroom house rising at 221 Atlantic Ave. has entered the Palm Beach Board of Realtors Multiple Listing Service with a price tag of $5.5 million.That works out to about $1,100 per square foot for the 5,000-square-foot, British West Indies-style house. Brokers say that’s a magic number, appealing to a wide range of buyers while offering the developer an appropriate return on investment.It’s also a price that some locals thought
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