The Real Deal Miami

Biggest price cut of the day

November 06, 2009 06:17PM

alternate text16051 Collins Ave.

The South Florida home to see the biggest price cut today is a five-bedroom, six-bathroom condo in Turnberry Ocean Colony at 16051 Collins Avenue in Sunny Isles, according to data from Condo Vultures Realty. The $3 million Dade County home saw a $600,000, or 17 percent, price cut. It was originally listed for $3.6 million when it first hit the market in January. The 3,735-square-foot penthouse is in a new luxury high rise and has panoramic ocean, city and bay views. Leon Cohen of Estelle Stern 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