The Real Deal Miami

Biggest price cut of the day

November 05, 2009 06:29PM

alternate text5154 La Gorce Drive

The South Florida home to see the biggest price cut today is a five-bedroom, three-bathroom house at 5154 La Gorce Drive in Miami Beach, according to data from Condo Vultures Realty. The $1.1 million Dade County home saw a $550,000, or 33 percent, price cut. The home was originally listed for $1.7 million when it first hit the market in August. The home was recently renovated and sits on a 10,020-square-foot lot. Leon Weinschneider of Optimar International Realty 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