The Real Deal Miami

Biggest price cut of the day

October 28, 2010 05:00PM

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1261 NE 27th Way

The South Florida home to see the biggest price cut today is a six-bedroom, six-and-a-half-bathroom house at 1261 NE 27th Way in Pompano Beach, according to data from Condo Vultures Realty. The $1.895 million Broward County home saw a $900,000, or 32 percent, price cut. It was originally listed for $3.4 million when it hit the market in February 2009. The price was last cut to $2.795 million in February 2010. The 5,504-square-foot home sits on an 11,139-square-foot waterfront lot and has a pool and spa, covered patio, elevator, exercise room and room for a yacht as large as 105 feet. Christopher Castles of Condos & Castles 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.)