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The Real Deal Miami

Biggest price cut of the day

February 10, 2011 05:05PM

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222 S. Coconut Lane

The South Florida home to see the biggest price cut today is a four-bedroom, three-and-a-half-bathroom house at 222 S. Coconut Lane on Miami Beach’s Palm Island, according to data from Condo Vultures Realty. The $3.295 million Miami-Dade County home saw a $405,000, or 11 percent, price cut off its last, $3.7 million asking price. It was originally listed for $3.499 million when it hit the market last month. The 3,686-square-foot, waterfront home sits on a 7,000-square-foot lot on Biscayne Bay and has views of Downtown Miami. Stacy Milon of Douglas Elliman Florida 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