The Real Deal Miami

Biggest price cut of the day

October 30, 2009 05:36PM

alternate text641 Ocean Boulevard

The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 641 Ocean Boulevard in Golden Beach, according to data from Condo Vultures Realty. The $18.9 million Dade County home saw a $3.6 million, or 16 percent, price cut. The home was originally listed for $22.5 million when it first hit the market in November 2008. The two-story Mediterranean-style oceanfront house is located in a private community with 24-hour security patrol, and sits on a 29,088-square-foot lot which includes the home and the 108-foot private beach. Pablo Alfaro of Esslinger-Wooten-Maxwell 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