The Real Deal Miami

Biggest price cut of the day

April 20, 2010 05:10PM

alternate text1500 Ocean Drive

The South Florida home to see the biggest price cut today is a three-bedroom, three-bathroom condo at 1500 Ocean Drive in South Beach, according to data from Condo Vultures Realty. The $2.5 million Miami-Dade County home saw a $300,000, or 11 percent, price cut. It was originally listed for $2.8 million when it hit the market in October 2009. The 2,320-square-foot oceanfront apartment has marble floors in the bathrooms and is in a full-service luxury building, with a heated pool, fitness center and private beach. The unit also has a 2,500-square-foot terrace. Eloy Carmenate of One Sotheby’s 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