UPDATE: MARCH 4, 2012
I found two more look a likes of the Christian Louboutin Praia espadrille from Enzo Angiolini and Coconuts by Matisse.
Romario by Enzo Angiolini retails for $99 but you can get them on sale now on piperlime.com for $39.97!! Comes in two colors: black and brown. Best part is that it is real leather! I had to grab the brown ones for myself. 🙂
This is probably the closest look a like to the Louboutin’s Praia but it’s not made of real leather and the heel is 4 inches. Several retailers are selling it online but the cheapest I found was from sears.com at 50%. Also available from Endless.com for $76.95. Amazon for $76.95. 6pm.com for $49.99 but only in a few sizes.
Coconut by Matisse “Asher” Wedge Retails for $84.99
Splurge: Louboutin’s Praia $535
Steal: JustFab’s Zelda $39.95
As seen on Blake Lively.