The Real Deal Miami

Biggest price cut of the day

April 22, 2010 05:06PM

alternate text181 Leucadendra Drive

The South Florida home to see the biggest price cut today is a seven-bedroom, seven-bathroom house at 181 Leucadendra Drive in Coral Gables, according to data from Condo Vultures Realty. The $17.9 million Miami-Dade County home saw a $1.6 million, or 8 percent, price cut. It was originally listed for $19. 5 million when it hit the market in March. The waterfront Mediterranean-style home sits on a 48,274-square-foot lot and has a wine cellar, gourmet kitchen, and separate but connected guest house. Buyers must also purchase a $60,000 membership in Gables Estates with the home. Audrey Ross of Esslinger-Wooten-Maxwell 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