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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FAgmmGASfRFhkMXp2wK5tyHBuu8uMqa5t4CgdxG9xANfLTETwXWZMyQnklYv0dxp
 u0+8pzwpk+LMjKZVCEBzkQ==

<SEC-DOCUMENT>0001209191-07-053085.txt : 20070912
<SEC-HEADER>0001209191-07-053085.hdr.sgml : 20070912
<ACCEPTANCE-DATETIME>20070912142917
ACCESSION NUMBER:		0001209191-07-053085
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070910
FILED AS OF DATE:		20070912
DATE AS OF CHANGE:		20070912

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PRESCOTT GROUP CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001166152
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31931
		FILM NUMBER:		071112964

	BUSINESS ADDRESS:	
		STREET 1:		1924 S UTICA SUITEF 1120
		CITY:			TULSA
		STATE:			OK
		ZIP:			74104
		BUSINESS PHONE:		9187473412

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FROHLICH PHIL
		CENTRAL INDEX KEY:			0001127429
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31931
		FILM NUMBER:		071112963

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		9187473411

	MAIL ADDRESS:	
		STREET 1:		1924 SOUTH IRICA SUITE 1120
		CITY:			TULSA
		STATE:			OK
		ZIP:			741046529

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEVITT CORP
		CENTRAL INDEX KEY:			0001218320
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				113675068
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2200 WEST CYPRESS CREEK ROAD
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33309
		BUSINESS PHONE:		954-958-1800

	MAIL ADDRESS:	
		STREET 1:		2200 WEST CYPRESS CREEK ROAD
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33309
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bod49819_bod2pgc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-09-10</periodOfReport>

    <issuer>
        <issuerCik>0001218320</issuerCik>
        <issuerName>LEVITT CORP</issuerName>
        <issuerTradingSymbol>LEV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001166152</rptOwnerCik>
            <rptOwnerName>PRESCOTT GROUP CAPITAL MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1924 SOUTH UTICA, SUITE 1120</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TULSA</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>74104</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001127429</rptOwnerCik>
            <rptOwnerName>FROHLICH PHIL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1924 SOUTH UTICA, SUITE 1120</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TULSA</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>74104</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-09-10</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2006-09-10</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>14480</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.06</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2641276</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The filing of this form 4 shall not be construed as an admission that Prescott Group Capital Management, L.L.C. (&quot;Prescott Capital&quot;) or Phil Frohlich, the manager of Prescott Capital is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of class A common stock of Levitt Corporation (the &quot;Common Stock&quot;) purchased by Prescott Group Aggressive Small Cap Master Fund, G.P. (the &quot;Master Fund&quot;) for the accounts of Prescott Group Aggressive Small Cap, L.P.or Prescott Group Aggressive Small Cap II, L.P. (together the &quot;Small Cap Funds&quot;)  Pursuant to Rule 16a-1, both Prescott Capital and Phil Frohlich disclaim such beneficial ownerhip.</footnote>
        <footnote id="F2">Prescott Capital holds indirectly 2,641,276 shares of Common Stock of Levitt Corporation through the account of the Master Fund of which the Prescott Capital is the Investment Manager.  The Master Fund holds the shares of Common Stock for the accounts of the Small Cap Funds, for which Prescott Capital is the Investment Manager.  Prescott Capital receives a portion of the profits in the way of a capital allocation from and owns a partnership interest in the Small Cap Funds.  Phil Frohlich reports the shares held indirectly by  Prescott Capital because, as the manager of Prescott Capital at the time of purchase, he controlled the disposition and voting of the securities.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Phil Frohlich, manager of Prescott Group Capital Management, L.L.C.</signatureName>
        <signatureDate>2007-09-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Phil Frohlich</signatureName>
        <signatureDate>2007-09-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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