The Real Deal Miami

Biggest price cut of the day

September 20, 2010 03:30PM

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507 Palm Drive

The South Florida home to see the biggest price cut today is a five-bedroom, three-bathroom house at 507 Palm Drive in Hallandale, according to data from Condo Vultures Realty. The $1,888,888 Broward County home saw a $511,912, or 21 percent, price cut. It was originally listed for $2,950,900 when it hit the market in August. The 5,368-square-foot home sits on a 15,000-square-foot, waterfront lot and has a pool and 90-foot dock. Revital Rikman of Rickenback 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.)