The Real Deal Miami

Biggest price cut of the day

September 03, 2009 04:57PM

alternate text8325 Ponce De Leon Road in Coral Gables

The South Florida home to see the biggest price cut today is a six-bedroom, seven-bathroom house at 8325 Ponce De Leon Road in Coral Gables, according to Condo Vultures Realty. The 6,419-square foot home is on the market for $2.9 million after a price reduction of $588,000, or 17 percent, from the previous asking price of $3.5 million. The home first went on the market in April for $3.9 million. The home has a pool, spa, gazebo, half-size basketball court and separate guest house. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD