The Real Deal Miami

Biggest price cut of the day

June 08, 2010 05:00PM

alternate text1401 North View Drive

The South Florida home to see the biggest price cut today is a seven-bedroom, seven-and-three-half-bathroom house at 1401 North View Drive in Miami Beach, according to data from Condo Vultures Realty. The $12.5 million Miami-Dade County home saw a $1.3 million, or 9 percent, price cut. It was originally listed at $13.8 million when it hit the market in November 2009. The Mediterranean-style waterfront home on gated Sunset Island sits on a 29,100-square-foot lot and has media, billiard wine and sun rooms, 200 feet of water frontage on the bay, a 60-foot infinity pool and spa and an elevator. Jill Hertzberg 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