The Real Deal Miami

Biggest price cut of the day

June 24, 2010 06:00PM

alternate text529 Luenga Avenue

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 529 Luenga Avenue in Coral Gables, according to data from Condo Vultures Realty. The $1.9 million Miami-Dade County home saw a $550,000, or 22 percent, price cut. It was originally listed for $2.45 million when it hit the market in February. The home, constructed in 2007, sits on an 18,750-square-foot lot and has high-end appliances, 20-foot ceilings on the first floor and ensuite bathrooms in each bedroom. Julio Perez of the Keyes Company 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