The Real Deal Miami

Biggest price cut of the day

November 12, 2009 05:36PM

alternate text3471 Main Highway

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom condo in Cloisters on the Bay at 3471 Main Highway in Coconut Grove, apartment 120, according to data from Condo Vultures Realty. The $1.9 million Dade County home saw a $500,000, or 21 percent, price cut. It was originally listed for $2.4 million when it first hit the market in July. The 6,140-square-foot villa has a four-car garage, rooftop terrace and spa. Lytz Perez of Altek 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