The Real Deal Miami

Biggest price cut of the day

April 14, 2010 04:22PM

325 Cocoplum Road

The South Florida home to see the biggest price cut today is a six-bedroom, five- bathroom house at 325 Cocoplum Road in Coral Gables, according to data from Condo Vultures Realty. The $10.5 million Miami-Dade County home saw a $1.5 million, or 13 percent, price cut. It was originally listed for $12 million when it hit the market in August 2009. The landmark waterfront home by Raul Rodriguez sits on a 38,187-square-foot lot and has a coral rock façade, fountain, interior gallery colonnade, elevator, pool and multiple balconies and terraces. MariaTheresa Lage of Shelton and Stewart Realtors 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