The Real Deal Miami

Biggest price cut of the day

October 19, 2009 05:51PM

alternate text9001 Banyan Drive

The South Florida home to see the biggest price cut today is a seven-bedroom, seven-bathroom house at 9001 Banyan Drive in Coral Gables. The $4.9 million Dade County home saw its price cut by $1 million, or 17 percent. The residence was listed for $5.9 million when it first hit the market in July. The 9,903-square-foot home sits at the tip of Hammock Lake.
Gary Shear of Roy Owen Realty Association 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