The Real Deal Miami

Biggest price cut of the day

June 07, 2010 05:30PM

alternate text2900 NE 164th Street

The South Florida home to see the biggest price cut today is a five-bedroom, three-bathroom house at 2900 NE 164th Street in North Miami Beach, according to data from Condo Vultures Realty. The $1.385 million Miami-Dade County home saw a $265,000, or 16 percent, price cut off its last asking price of $1.65 million. It was originally listed at $1.975 million when it hit the market in February, before the last price cut in March. The custom-built waterfront home sits on an 11,900-square-foot lot and has a pool, dock, wraparound balconies and Bay views from every floor. Alexander Napoles of Homeside 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