The Real Deal Miami

Biggest price cut of the day

March 12, 2010 03:14PM

5650 Thoroughbred Lane in Southwest Ranches

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 5650 Thoroughbred Lane in Southwest Ranches, according to data from Condo Vultures Realty. The $1.8 million Broward County home saw an $876,000, or 33 percent, price cut. It was originally listed for $2.68 million when it hit the market in September 2008. The home sits on a 100,624-square-foot lot in a private, gated community and has a pool, spa and summer kitchen with covered verandas. Joe Caprio of Joe Caprio & Co. Real Estate 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