The Real Deal Miami

Biggest price cut of the day

June 01, 2010 05:00PM

alternate textThe Penthouse at
the Netherlands

The South Florida home to see the biggest price cut today is a three-bedroom, three-bathroom condo in the Netherlands at 1330 Ocean Drive in Miami Beach, according to data from Condo Vultures Realty. The $2.995 million Miami-Dade County home saw a $950,000, or 24 percent, price cut off its last asking price of $3.945 million. It was originally listed at $5.495 million when it hit the market in August 2009, before the last price cut in April. The oceanfront, 3,200-square-foot penthouse — one block from the Versace Mansion — has four terraces, 11-to-13-foot ceilings and a renovated kitchen. Jose Michael Valdes 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