The Real Deal Miami

Biggest price cut of the day

July 12, 2010 04:45PM

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160 South Island Drive

The South Florida home to see the biggest price cut today is a
six-bedroom, six-bathroom house at 160 South Island Drive in Golden
Beach, according to data from Condo Vultures Realty. The $4.5 million
Miami-Dade County home saw a $450,000, or 9 percent, price cut. It was
originally listed for $5. 5 million when it hit the market in April.
The price was last cut to $4.95 million in June. The waterfront home
sits on a 10,435-square-foot lot and has Jerusalem stone floors,
granite countertops in the kitchen and impact glass. Adi Gal of Wharton
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