The Real Deal Miami

Biggest price cut of the day

August 06, 2010 04:15PM

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12962 Grand Oaks Drive

The South Florida home to see the biggest price cut today is a six-bedroom, eight-bathroom house at 12962 Grand Oaks Drive in Davie, according to data from Condo Vultures Realty. The $2.1 million Broward County home saw a $350,000, or 14 percent, price cut. It was originally listed for $2.8 million when it hit the market in June 2009. The price was last cut to $2.45 million in May. The 7,380-square-foot home sits on a 59,551-square-foot lot and has a guest house, theater room, exercise room and pool with bar. Dianna Hopkins 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