The Real Deal Miami

Biggest price cut of the day

January 19, 2010 05:43PM

16425 Northeast 31st Avenue

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 16425 Northeast 31st Avenue in North Miami Beach, according to data from Condo Vultures Realty. The $1.7 million Miami-Dade County home saw a $1.25 million, or 42 percent, price cut. It was originally listed for $2.95 million when it first hit the market in August. The Mediterranean-style home sits on an 8,800-square-foot lot on the Intracoastal Waterway and has a pool. Sandra Mendizabal of Nautical 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