The Real Deal Miami

Biggest price cut of the day

May 17, 2010 05:10PM

alternate textThe penthouse at Murano at Portofino

The South Florida home to see the biggest price cut today is a three-bedroom, three-bathroom condo at Murano at Portofino at 1000 South Pointe Drive in Miami Beach, according to data from Condo Vultures Realty. The $2.99 million Miami-Dade County home saw a $510,000, or 15 percent, price cut off its last asking price of $3.5 million. It was originally listed for $4.5 million when it hit the market in August 2009 before the last price cut in February. The 2,618-square-foot, high-floor penthouse has city and ocean views, floor-to-ceiling glass windows, wood and marble floors, a laundry room and terrace. John Sandberg of Keller Williams Miami Beach 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