Residents of this trailer-park town sitting on beachfront property have voted overwhelmingly to sell their community to a developer for more than $510 million, which could make most of them millionaires.
The 43-acre property is a down-market relic of old Florida surrounded by multimillion-dollar homes and splashy high-rise condos.
State and local officials still must approve new zoning to accommodate the 900 condo units, a luxury hotel and marina proposed by the developer, Ocean Land Investments of Boca Raton.
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