SOLD:

01/15/1998 12:00AM

Sylvester Stallone's 24,000-sq.-ft., waterfront, Miami mansion and its three guest houses, after two years on the market, for an undisclosed amount (believed to be considerably less than the $24.7 million offer Stallone received -- but had to refuse because of zoning laws -- from a London-based hotel chain earlier this year).

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