The Real Deal Miami

Biggest price cut of the day

January 06, 2010 06:27PM

alternate text9440
Old Cutler Road

The
South Florida home to see the biggest price cut today is a nine-bedroom, ten-bathroom
house at 9440
Old Cutler Road
in Coral Gables, according to data from Condo
Vultures Realty. The $4.2 million Miami-Dade
County home saw a $750,000, or 15 percent, price cut. It was
originally listed for $6.3 million when it hit the market in July 2008. The 8,660-square-foot home has a staff wing, wine room, as well as
two guest cottages. Toni Schrager of Avatar Real Estate Services 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