The Real Deal Miami

Biggest price cut of the day

August 31, 2009 05:42PM

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211 Rivo Alto Drive

The South Florida home to see the biggest price cut today is a four-bedroom, four-bath Caribbean-style house at 211 Rivo Alto Drive on Rivo Alto Island in Miami Beach, according to Condo Vultures Realty. The Miami-Dade County home is on the market for $1.995 million, a price reduction of $455,000, or 19 percent, from the previous asking price of $2.45 million. The home’s listing price was $3.15 million when it first came online Jan. 28, 2008. The property spans 10,500 square feet including the house footprint and a swimming pool overlooking the Biscayne Bay. Nelson Gonzalez of Esslinger-Wooten-Maxwell 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.)