The Real Deal Miami

Biggest price cut of the day

March 08, 2010 06:36PM

3914 Island Estates Drive

The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 3914 Island Estates Drive in Aventura, according to data from Condo Vultures Realty. The $5 million Miami-Dade County home saw a $500,000, or 9 percent, price cut off its last asking price of $5.5 million. It was originally listed for $5 million when it hit the market in September 2009, before the last price revision on March 3. The waterfront home sits on a 24,711-square-foot lot on a private, guarded island and has a heated pool and spa overlooking the bay. John Gonell of Prudential Florida 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