The Real Deal Miami

Biggest price cut of the day

March 22, 2010 05:28PM

56 Bal Bay Drive

The South Florida home to see the biggest price cut today is a nine-bedroom, 10-bathroom house at 56 Bal Bay Drive in Bal Harbour, according to data from Condo Vultures Realty. The $10.9 million Miami-Dade County home saw a $1.1 million, or 9 percent, price cut. It was originally listed for $12 million when it hit the market in November 2009. The new, contemporary-style waterfront home sits on a 21,225-square-foot lot and has impact glass windows, a three-car garage, rooftop observation deck, multiple terraces, a pool and Jacuzzi. Diane Lieberman of South Beach Investment 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