The Real Deal Miami

Biggest price cut of the day

August 23, 2010 05:00PM

alternate text101 Coconut Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 101 Coconut Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $6.9 million Broward County home saw a $1.6 million, or 19 percent, price cut. It was originally listed for $8.5 million when it hit the market in September 2008. The new construction, 7,574-square-foot riverfront home sits on a 27,000-square-foot lot and has a pool, summer kitchen and marble floors in the kitchen and bathrooms. Marni Canavan 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