The Real Deal Miami

Biggest price cut of the day

July 26, 2010 05:15PM

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645 Isle of Palms Drive

South Florida home to see the biggest price cut today is a
four-bedroom, four-bathroom house at 645 Isle of Palms Drive in Fort
Lauderdale, according to data from Condo Vultures Realty. The $1.395
million Broward County home saw a $300,000, or 18 percent, price cut.
It was originally listed for $1.995 million when it hit the market in
May 2008. The price was last cut to $1.695 million in April 2009. The
3,402-square-foot, waterfront home sits on a 12,999-square-foot lot and
has vaulted and beamed ceilings, gated grounds and a pool. Beth
Beauchamp of Intercoastal Realty 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