The Real Deal Miami

Biggest price cut of the day

February 02, 2010 05:22PM

Il Villaggio at 1455 Ocean Drive in South Beach

The South Florida home to see the biggest price cut today is a condo unit in Il Villaggio at 1455 Ocean Drive in South Beach, according to Condo Vultures. The 2,700-square-foot Miami-Dade County home has two bedrooms and three bathrooms and is listed for $4.7 million. Its last asking price was $5.6 million, marking a 16 percent, or $900,000, price cut. The waterfront home has 22-foot floor-to-ceiling windows overlooking the Atlantic Ocean and features oak paneling, venetian stucco and glass stairs. Eloy Carmenate of One Sotheby’s International 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