Perry Avenue, in Boynton Beach, Florida is a three bedroom, three bath home and is the biggest price cut on Tuesday, September 14th, according to data from Condo Vultures Realty.
The $3 million Palm Beach County home was cut $900,000, or 23%. This 3,773 square-foot oceanfront home sits on 25,777 square foot lot. It came on the market in March and was listed for $3.9 million and today, it's listed at $2,999.00. Harvey Traub of Coldwell Banker Residential Real Estate has the listing.
What does this say about the Real Estate Market? The drastic price reduction since March is shocking. High end real estate has not been the untouchable, and this is a prime example.
The good news is - you can by a direct ocean front home at a drastically reduced price.
(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.)
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