The Real Deal Miami

Biggest price cut of the day

December 30, 2009 06:25PM

alternate text4240 Galt Ocean Drive

The South Florida home to see the biggest price cut today is a three-bedroom, four-bathroom condo in the L’Ambiance at 4240 Galt Ocean Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $2.5 million Miami-Dade County home saw a $500,000, or 17 percent, price cut. It was originally listed for $2.9 million when it hit the market in October. The 4,629-square-foot home has ocean and intracoastal views with east and west balconies. Miguel Hernandez of Premier Estate Properties 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