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The Real Deal Miami

Biggest price cut of the day

February 09, 2011 04:49PM

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2519 Sea Island Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at at 2519 Sea Island Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $1.995 million Broward County home saw a $500,000, or 20 percent, price cut. It was originally listed for $2.495 million when it hit the market in February 2010. The 6,090-square-foot, waterfront home in Las Olas Seven Isles sits on a 10,807-square-foot lot and has a gourmet kitchen, upstairs loft and balcony off the master suite. 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.) TRD