The Real Deal Miami

Biggest price cut of the day

June 16, 2010 04:45PM

alternate text45 Star Island Drive

The South Florida home to see the biggest price cut today is a nine-bedroom, nine-and-three-half-bathroom house at 45 Star Island Drive on Star Island in Miami Beach, according to data from Condo Vultures Realty. The $11.5 million Miami-Dade County home saw a $1.4 million, or 11 percent, price cut. It was originally listed at $12.9 million when it hit the market in February. The waterfront, custom-built home sits on a 48,374-square-foot lot, which includes a three-bedroom, two-bathroom guest house and a pool. The home features a four-garage garage, dockage for a large yacht, grand foyer, terraces, poolside bar and outdoor covered entertainment area. Hector Vazquez 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