The Real Deal Miami

Biggest price cut of the day

October 15, 2010 04:45PM

alternate text
520 Intracoastal Drive

The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 520 Intracoastal Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $7.95 million Broward County home saw a $545,000, or 6 percent, price cut. It was originally listed for $9.495 million when it hit the market in September 2008. The price was last cut to $8.495 million. The 11,800-square-foot home sits on a 54,392-square-foot, gated waterfront estate that has a Koi pond, diving pool, spa and lighted tennis court. The house has an elevator, fireplace, solarium and exercise room with Intracoastal Waterway views. Thomas Schon 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.)