Today's F@cked Buyer (Boca Raton)

I remember being told by colleagues that prices may come down in many South Florida neighborhoods, but not in desirable neighborhoods lie Weston and Boca Raton. Well, we're now seeing significant price drops in both areas. This home in Boca's St. Andrews development is being offered for 40% off its December 2004 purchase price.

7415 FENWICK PL, Boca Raton, FL 33496

• 3 bedroom, 3 bath SFH
• Bought in December 2004 for $899,000
• On the MLS for $535,000
• Days on the MLS: 19 Days
• Loss before the Realtor® commission: $364,000
• Loss after the Realtor® commission: $396,100