The Real Deal Miami

Biggest price cut of the day

October 01, 2009 05:52PM

alternate text6565 Allison Road

The South Florida home to see the biggest price cut today is a seven-bedroom, five-bathroom single-family home at 6565 Allison Road in Miami Beach. The price of the Miami-Dade County house was cut by $504,000, or 11 percent, to $3.9 million. The property was most recently on the market for $4.5 million, down from its original asking price of $5.5 million when it first went on the market in February 2008. The lot is 16,200 square feet including the home, pool, dock, and carriage house. Jeri Jenkins of Coldwell Banker Residential Real Estate has the listing. (Condo Vultures Realty 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.) TRD