The Real Deal Miami

Biggest price cut of the day

November 15, 2010 04:14PM

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756 Alhambra Circle

The South Florida home to see the biggest price cut today is a four-bedroom, four-bathroom house at 756 Alhambra Circle in Coral Gables, according to data from Condo Vultures Realty. The $1.499 million Miami-Dade County home saw a $700,000, or 19 percent, price cut off its last asking price of $1.799 million. It was originally listed for $1.949 million when it hit the market in January, before the last price cut in June. The 4,960-square-foot, Lawrence Dixon-designed home has a guest house, maid’s quarters, an exercise room and Jacuzzi, and sits on a 15,000-square-foot lot. Serge Roos of Coldwell Banker 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.)