The Real Deal Miami

Biggest price cut of the day

October 14, 2009 04:39PM

alternate text5111 Pinetree Drive

The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 1122 SE 4th Street in Fort Lauderdale, which sits on a 19,352-square-foot lot. The price of the Broward County home was cut by $1 million, or 14 percent, to $5.999 million. The waterfront home features Brazilian cherry wood floors, hand-painted ceilings, and a wine room, and the lot includes a pool, guest house and staff quarters. The residence was listed for $6.999 million when it first hit the market in April 2009. George Santana of Coldwell Banker Residential Real Estate has the listing. (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