The Real Deal Miami

Biggest price cut of the day

January 08, 2010 06:32PM

4835 Hammock Lake Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 4835 Hammock Lake Drive in Coral Gables, according to data from Condo Vultures Realty. The $3.9 million Broward County home saw a $340,000 or 8 percent, price cut. It was originally listed for $4.9 million when it hit the market in October. The lakefront home has an exercise room, movie theater, as well as a pool area and patio. Karen McCammon 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