The Real Deal Miami

Biggest price cut of the day

February 02, 2011 05:54PM

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325 Cocoplum Road

The South Florida home to see the biggest price cut today is a landmark six-bedroom, five-bathroom house at 325 Cocoplum Road in Coral Gables, according to data from Condo Vultures Realty. The $7.5 million Miami-Dade County home saw a $1.4 million, or 16 percent, price cut. It was originally listed for $12 million when it hit the market in August 2009, before its most recent price cut to $8.9 million in November 2010. The 9,171-square-foot house sits on a 38,187-square-foot lot with a pool, historic cobblestone motorcourt, fountains, interior gallery colonnade and pavilion, as well as a two-bedroom, one-bathroom guest house. MariaTheresa Lage of Shelton and Stewart Realtors 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