4910 SW 74th Terrace
The South Florida home to see the biggest price cut today is a seven-bedroom, six-bathroom house at 4910 SW 74th Terrace in Miami, according to data from Condo Vultures Realty. The $2.99 million Miami-Dade County home saw a $260,000, or 8 percent, price cut. It was originally listed for $3.25 million when it hit the market in November 2009. The 6,751-square-foot home, which has been featured in Florida Architecture magazine, sits on a 32,539-square-foot lot and has a wine cellar, maids quarters, and foyer entry with a double winding staircase. Toni Schrager of Avatar Real Estate Services 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.)