The Real Deal Miami

Biggest price cut of the day

November 25, 2009 04:38PM

alternate text141 Cape Florida Drive

The South Florida home to see the biggest price cut today is a four-bedroom, three-bathroom house in Key Biscayne at 141 Cape Florida Drive, according to data from Condo Vultures Realty. The $3.475 million Miami-Dade County home saw a $524,000, or 13 percent, price cut. It was originally listed for $3.999 million when it first hit the market in August. The waterfront home sits on a 14,200-square-foot lot that includes a pool, fountain and dock. Nelida Palmer of A.D.C. Florida Investment 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