The Real Deal Miami

Biggest price cut of the day

February 12, 2010 04:57PM

Murano at Portofino

The South Florida home to see the biggest price cut today is a three-bedroom, three-bathroom condo at Murano at Portofino at 1000 S. Pointe Drive in Miami Beach, according to data from Condo Vultures Realty. The $3.5 million Miami-Dade County home saw a $1 million, or 22 percent, price cut. It was originally listed for $4.5 million when it hit the market in August 2009. The 2,618-square-foot waterfront high-floor apartment has floor-to-ceiling glass windows throughout, wood and marble flooring and a laundry room. John Sandberg 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