The Real Deal Miami

Biggest price cut of the day

March 04, 2011 05:34PM

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3950 Wood Avenue

The South Florida home to see the biggest price cut today is a six-bedroom, seven-bathroom house at 3950 Wood Avenue in Coconut Grove, according to data from Condo Vultures Realty. The $1.995 million Miami-Dade County home saw a $1.005 million, or 34 percent, price cut. It was originally listed for $3.4 million when it hit the market in December 2010. The price was last cut to $3 million in January. The 7,111-square-foot home sits on a 20,700-square-foot lot and has a lap pool, gardens and separate maid’s quarters. Andre Shambley of ERA Herman Group Real Estate 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