The Real Deal Miami

Biggest price cut of the day

February 04, 2010 05:06PM

1201 NE 83rd Street

The South Florida home to see the biggest price cut today is a nine-bedroom, nine-bathroom house at 1201 NE 83rd Street in Miami, according to data from Condo Vultures Realty. The $4.95 million Miami-Dade County home saw a $1 million, or 17 percent, price cut. It was originally listed for $3.95 million when it hit the market in September, but the sellers jacked up the price to $5.95 million last month. The waterfront home has bay views, a pool and tennis court. Alexander Wilmerding of At Home 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