The Real Deal Miami

Biggest price cut of the day

January 20, 2011 05:33PM

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5228 Oak Lane

The South Florida home to see the biggest price cut today is a seven-bedroom, eight-bathroom house at 5228 Oak Lane in Coral Gables, according to data from Condo Vultures Realty. The $8.9 million Miami-Dade County home saw a $700,000, or 7 percent, price cut. It was originally listed for $9.6 million when it hit the market in November. The 11,223-square-foot house sits on a 50,965-square-foot lot and has a gym, wine cellar, elevator and pool. Audrey Ross of Esslinger-Wooten-Maxwell 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