The Real Deal Miami

Biggest price cut of the day

May 07, 2010 04:20PM

alternate text5396 North Bay Road

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 5396 North Bay Road in Miami Beach, according to data from Condo Vultures Realty. The $7.995 million Miami-Dade County home saw a $905,000, or 10 percent, price cut. It was originally listed for $8.9 million when it hit the market in August 2009. The waterfront home has arched column loggias surrounding a courtyard with a pool and fountains, as well as unobstructed bay and Miami skyline views. Stephen Yenzer of Coldwell Banker Residential Real Estate 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