The Real Deal Miami

Biggest price cut of the day

January 17, 2011 05:29PM

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4080 Douglas Road

The South Florida home to see the biggest price cut today is a five-bedroom, four-bathroom home at 4080 Douglas Road in Miami, according to data from Condo Vultures Realty. The $3.45 million Miami-Dade County home saw a $450,000, or 12 percent, price cut. It was originally listed for $5.95 million when it hit the market in August 2009. The price was last cut to $3.9 million in September. The 6,796-square-foot home sits on a 39,400-square-foot lot with a pool and guest house and has been featured in “Miami Vice” and Architectural Digest. Rex Hamilton of the Rex Hamilton Corp. 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.) TRD