The Real Deal Miami

Biggest price cut of the day

November 17, 2009 06:42PM

alternate text125 Ocean Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom condo in South of Fifth Condo at 125 Ocean Drive in Miami Beach, according to data from Condo Vultures Realty. The $6.5 million Miami-Dade County home, apartment BH3, saw a $1.5 million, or 19 percent, price cut. It was originally listed for $8 million when it first hit the market in October 2008. The 5,860-square-foot condo has a private elevator, concierge service, and direct beach access. Exilda-Sildy Cervera Quarra of Related Cervera Realty Services 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