The Real Deal Miami

Biggest price cut of the day

February 03, 2010 06:47PM

12480 SW 51st Street

The South Florida home to see the biggest price cut today is an eight-bedroom, six-bathroom house at 12480 SW 51st Street in Miami, according to data from Condo Vultures Realty. The $2.9 million Miami-Dade County home saw a $600,000, or 17 percent, price cut. It was originally listed for $3.5 million when it hit the market in May. This is the property’s first price cut. The home sits on a 4.64-acre lot and has a guest house, swimming pool and a three-car garage. Felipe Carmona of American Liberty Realty 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