The Real Deal Miami

Biggest price cut of the day

April 27, 2010 06:16PM

alternate text1615 West 27th Street

The South Florida home to see the biggest price cut today is a six-bedroom, five-bathroom house at 1615 West 27th Street in Miami Beach, according to data from Condo Vultures Realty. The $5.9 million Miami-Dade County home saw a $1 million, or 14 percent, price cut off its last asking price of $6.9 million. It was originally listed for $8.9 million when it hit the market in March 2007 before the last price cut in September 2008. The waterfront home sits on a 26,200-square-foot lot in gated Sunset Island II and has a two-story foyer, crown moldings and a pool. Rafael Arais 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