Biggest price cut of the day

alternate text100 S. Pointe Drive

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The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom condo at 100 S. Pointe Drive in Miami Beach. The price of the 4,378-square-foot Dade County home was cut by $504,000, or 8 percent, to $5.9 million. The condo unit was listed for $7.2 million when it first hit the market in August 2008. The condo has a wrap-around balcony with views of South Beach and the ocean. Jack Franco of South Pointe Drive Realty 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.) TRD

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