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The Real Deal Miami

Biggest price cut of the day

February 18, 2011 05:17PM

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1615 SE 19th Avenue

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 1615 SE 19th Avenue in Lauderdale by the Sea, according to data from Condo Vultures Realty. The $1.795 million Broward County home saw a $380,000, or 17 percent, price cut. It was originally listed for $2.495 million when it hit the market in May 2010. The price was last cut to $2.175 million in August 2010. The 4,534-square-foot waterfront home sits on a 7.500-square foot lot and has a new gourmet kitchen and guest quarters on the third floor. Sandra Tagliamonte of Galleria 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