The Real Deal Miami

Biggest price cut of the day

February 16, 2010 06:12PM

1647 N. View Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 1647 N. View Drive in Miami Beach, according to data from Condo Vultures Realty. The $12.5 million Miami-Dade County home saw a $2 million or 14 percent, price cut. It was originally listed for $14.5 million when it hit the market in July 2009. The waterfront home sits on a 9,944-square-foot lot and has a pool, dock, marble archways, inner courtyard, and a foyer with a backlit stained glass dome. Nelson Gonzalez of Esslinger-Wooten-Maxwell 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