The Real Deal Miami

Biggest price cut of the day

August 25, 2010 05:15PM

alternate text27550 SW 222nd Avenue

The South Florida home to see the biggest price cut today is a seven-bedroom, seven-bathroom house at 27550 SW 222nd Avenue in Homestead, according to data from Condo Vultures Realty. The $4.2 million Miami-Dade home saw a $1.5 million, or 26 percent, price cut. It was originally listed for $7.2 million when it hit the market in April. The price was last cut to $5.7 million in July. The 7,252-square-foot home sits on a 174,240-square-foot lot and has a pool, tennis court, separate exercise building, greenhouse and a secret garden with ponds, waterfalls and fountains. Cecilia Murillo of RE/MAX Advance Realty II 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