The Real Deal Miami

Biggest price cut of the day

January 13, 2010 05:49PM

650 San Marco Drive

The South Florida home to see the biggest price cut today is a five-bedroom, six-bathroom house at 650 San Marco Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $11.9 million Broward County home saw a $2 million, or 14 percent, price cut. It was originally listed for $13.9 million when it hit the market in September. The waterfront home sits on a 26,975-square-foot lot and has two fireplaces, a wine cellar, as well as private docking. Timothy Elmes of Coldwell Banker Residential 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