The Real Deal Miami

Biggest price cut of the day

December 04, 2009 04:56PM

alternate text269 North Hibiscus Drive

The South Florida home to see the biggest price cut today is a six-bedroom, seven-and-a-half-bathroom house at 269 North Hibiscus Drive on Hibiscus Island in Miami Beach, according to data from Condo Vultures Realty. The $4.995 million Miami-Dade County home, saw a $355,000, or 7 percent, price cut off its most recent $5.35 million asking price. It was originally listed for $5.95 million when it first hit the market in July. The brand-new, three-story home has an elevator and a rooftop terrace with views of Biscayne Bay and the Downtown Miami skyline. It sits on a 7,000-acre lot that includes a boat dock and pool. Bryan Halda of Gray & Associates Properties 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