The Real Deal Miami

Biggest price cut of the day

October 25, 2010 06:15PM

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527 Royal Plaza Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 527 Royal Plaza Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $4.195 million Broward County home saw a $500,000, or 11 percent, price cut. It was originally listed for $4.695 million when it hit the market in April. The 6,418-square-foot, new-construction home sits on a 9,030-square-foot waterfront lot that includes a pool, deck and dock. Julie Jones of Premier Estate Properties 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.)