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The Real Deal Miami

Biggest price cut of the day

September 15, 2010 06:00PM

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403 Tarpon Terrace

The South Florida home to see the biggest price cut today is a seven-bedroom, eight-bathroom house at 403 Tarpon Terrace in Fort Lauderdale, according to data from Condo Vultures Realty. The $6.9 million Broward County home saw a $1.095 million, or 14 percent, price cut. It was originally listed for $7.995 million when it hit the market in November. The 10,005-square-foot gated estate boasts contemporary designs within the vibrantly-painted stucco walls of a classic structure surrounded by lush European gardens. Kelly Drum of Drum 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.)