The Real Deal Miami

Biggest price cut of the day

March 02, 2010 06:43PM

Luxury on the Ocean at 2500 South Ocean Boulevard in Boca Raton

The South Florida home to see the biggest price cut today is a four-bedroom, five-bathroom condo at Luxury on the Ocean at 2500 South Ocean Boulevard in Boca Raton, according to data from Condo Vultures Realty. The $4.3 million Palm Beach County home saw a $600,000, or 12 percent, price cut off its last asking price of $4.9 million. It was originally listed for $5.3 million when it hit the market in March 2009, before the last price cut in July 2009. The oceanfront home has a media room, balcony and stone and marble finishes. Michael Goldstein of Acqualina 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