The Real Deal Miami

Biggest price cut of the day

December 13, 2010 04:55PM

alternate text2543 Mercedes Drive

The South Florida home to see the biggest price cut today is a five-bedroom, six-bathroom house at 2543 Mercedes Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $4 million Broward County home saw a $780,000, or 16 percent, price cut. It was originally listed for $4.78 million when it hit the market in September. The 6,300-square-foot home sits on a 12,350-square-foot waterfront lot and has a theater, elevator, summer kitchen and pool. Timothy Elmes 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.) TRDv