The Real Deal Miami

Biggest price cut of the day

December 16, 2009 06:08PM

alternate text1350 South Venetian Highway

The South Florida home to see the biggest price cut today is a
five-bedroom, seven-bathroom house at 1350 South Venetian Highway in Miami Beach,
according to data from Condo Vultures Realty. The $4.985 million
Miami-Dade County home saw a $915,000, or 16 percent, price cut. It was
originally listed for $6.95 million when it first hit the market in
February. The waterfront home has an outdoor kitchen, pool, private dock and direct ocean access with view of the Miami skyline and port. 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