The Real Deal Miami

Biggest price cut of the day

July 22, 2010 05:00PM

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4500 Prairie Avenue

The South Florida home to see the biggest price cut today is a five-bedroom, four-bathroom house at 4500 Prairie Avenue in Miami Beach, according to data from Condo Vultures Realty. The $1.89 million Miami-Dade County home saw a $495,000, or 21 percent, price cut. It was originally listed for $3 million when it hit the market in March 2009. The price was last cut to $2.385 million in March 2010. The 4,964-square-foot, waterfront home sits on a 24,064-square-foot lot and has 128 feet of waterfront property. Designed by Pancoast/Giller, it is in need of renovation, according to the listing. 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