The Real Deal Miami

Biggest price cut of the day

March 02, 2011 05:53PM

alternate text
111 Cape Florida Drive

The South Florida home to see the biggest price cut today is a six-bedroom, six-bathroom house at 111 Cape Florida Drive in Key Biscayne, according to data from Condo Vultures Realty. The $4.95 million Miami-Dade County home saw a $250,000, or 5 percent, price cut. It was originally listed for $6.2 million when it hit the market in October 2008. The price was last cut to $5.2 million in August 2010. The 4,390-square-foot home sits on a 15,000-square-foot waterfront lot with a circular driveway and a pool. Brigitte De Langeron of Fortune 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