The Real Deal Miami

Biggest price cut of the day

January 18, 2010 05:42PM

5835 Pinetree Drive

The South Florida home to see the biggest price cut today is a five-bedroom, four-bathroom house at 5835 Pinetree Drive in Miami Beach, according to data from Condo Vultures Realty. The $2.999 million Miami-Dade County home saw a $951,000, or 24 percent, price cut. It was originally listed for $3.95 million when it first hit the market in September. The waterfront home sits on a 16,650-square-foot lot and has a pool and dock. Daniela Bonetti of Majestic Properties Lincoln Road 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