The Real Deal Miami

Biggest price cut of the day

August 16, 2010 05:00PM

alternate text111 Cape Florida Drive

The South Florida home to see the biggest price cut today is a four-bedroom, four-bathroom home at 111 Cape Florida Drive in Key Biscayne, according to data from Condo Vultures Realty. The $5.2 million Miami-Dade County home saw a $600,000, or 10 percent, price cut. It was originally listed for $6.2 million when it hit the market in October 2008. The price was last cut to $5.8 million in January. The 4,390-square-foot home sits on a 15,000-square-foot lot. Brigette De Langeron of Fortune International 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