The Real Deal Miami

Biggest price cut of the day

October 15, 2009 06:16PM

alternate text1350 South Venetian Way

The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 1350 South Venetian Way in Miami Beach, which sits on a 12,250-square-foot lot. The $5.9 million Dade County home saw its price cut by $850,000, or 13 percent. The residence was listed for $6.7 million when it first hit the market in July. The home features an indoor pool and spa, and a private boat dock on the property. Farouk Gongee of Keller Williams Miami Beach 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