Biggest price cut of the day

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The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 20 Harbor Point in Key Biscayne, according to data from Condo Vultures Realty. The $8.8 million Miami-Dade County home saw a $450,000, or 5 percent, price cut off its last asking price of $9.25 million. It was originally listed for $13.9 million when it hit the market in November 2008, before the last price cut in October 2009. The waterfront home has bay views, deepwater dockage, a formal dining room, terraces, a boat house and wine cellar. Pamela Ibarguen-Mann 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

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