The Real Deal Miami

Biggest price cut of the day

June 14, 2010 04:15PM

alternate text400 SE Fifth Avenue

The South Florida home to see the biggest price cut today is a four-bedroom, five-bathroom condo at 400 SE Fifth Avenue in Boca Raton, according to data from Condo Vultures Realty. The $3.65 million Palm Beach County home saw a $850,000, or 19 percent, price cut. It was originally listed at $4.5 million when it hit the market in April. The 5,184-square-foot unit overlooks the intercostal ocean and contains hand-painted red and gold detailing. Barbara Welch of Coldwell Banker Residential 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