The Real Deal Miami

Biggest price cut of the day

January 28, 2011 06:26PM

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The home at 540 Lido Drive

The South Florida home to see the biggest price cut today is a five-bedroom, four-and-a-half-bathroom house at 540 Lido Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $2.495 million Broward County home saw a $500,000, or 17 percent, price cut. It was originally listed for $2.995 million when it hit the market in October. The 6,760-square-foot house sits on a 12,600-square-foot lot and has river views and a private dock. Susan Rindley of One Sotheby’s International Realty 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