Biggest price cut of the day

2899 Northeast 27th Street

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The South Florida home to see the biggest price cut today is a five-bedroom, six-bathroom house at 2899 Northeast 27th Street in Fort Lauderdale, according to data from Condo Vultures Realty. The $4 million Miami-Dade County home saw a $296,000, or 7 percent, price cut off its last asking price of $4.295 million. It was originally listed for $4.56 million when it hit the market in December 2008, before the last price cut in October 2009. The waterfront home sits on a 13,645-square-foot lot in Coral Ridge and has a marble staircase, elevator, library, media room, winy pantry and pool. Maria Nilsen of Nilsen Realty Services 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

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