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The Real Deal Miami

Biggest price cut of the day

February 25, 2011 05:01PM

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2521 Mercedes Drive

The South Florida home to see the biggest price cut today is a six-bedroom, seven-and-a-half-bathroom house at 2521 Mercedes Drive in Fort Lauderdale, according to data from Condo Vultures Realty. The $4.975 million Broward County home saw a $925,000, or 16 percent, price cut. It was originally listed for $7 million when it hit the market in December 2008. The price was last cut to $5.9 million in December 2010. The 7,484-square-foot, brand new home sits on a 13,000-square-foot lot and has 100 feet of water frontage, an open floor plan, pool and three-car garage. Ester Kadosh 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