The Real Deal Miami

Biggest price cut of the day

August 17, 2010 05:00PM

alternate text115 Arvida Parkway

The South Florida home to see the biggest price cut today is a five-bedroom, six-bathroom house at 115 Arvida Parkway in Coral Gables, according to data from Condo Vultures Realty. The $4.99 million Miami-Dade County home saw an $801,000, or 14 percent, price cut. It was originally listed for $7.775 million when it hit the market in October August 2009. The price was last cut to $5.8 million in July. The 5,980-square-foot home sits on a 37,897-square-foot lot and features a 280-foot private dock, a bar and formal dining room. Helen Nicastri of Coldwell Banker 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