The Real Deal Miami

Biggest price cut of the day

May 11, 2010 04:40PM

alternate text160 South Island Drive

The South Florida home to see the biggest price cut today is a six-bedroom, six-bathroom house at 160 South Island Drive in Golden Beach, according to data from Condo Vultures Realty. The $5 million Miami-Dade County home saw a $500,000, or 9 percent, price cut. It was originally listed for $5.5 million when it hit the market in April. The waterfront home was built in 2003 and sits on a 10,435-square-foot lot. Adi Gal of Wharton 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