The Real Deal Miami

Biggest price cut of the day

April 05, 2010 04:54PM

130 Island Drive

The South Florida home to see the biggest price cut today is a four-bedroom, three-bathroom house at 130 Island Drive in Key Biscayne, according to data from Condo Vultures Realty. The $3 million Miami-Dade County home saw a $500,000, or 14 percent, price cut. It was originally listed for $3.5 million when it hit the market in January 2009. The waterfront home sits on a 10,069-square-foot lot and has marble bathrooms a gazebo and pool. Brigitte De Langeron of Fortune International 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