The Real Deal Miami

Biggest price cut of the day

September 04, 2009 05:22PM

alternate text
132 S. Island Drive

The South Florida home to see the biggest price cut today is a six-bedroom, six-bathroom house at 132 S. Island Drive in Golden Beach. The price of the Dade County home, built in 2005, was cut by $500,000, or 19 percent, to $2.2 million. The property, which spans 15,800 feet, was first put on the market June 12 for $2.9 million before seeing a price reduction July 28. Alexander Tukh of Wharton Realty is the broker.
(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.)