The Real Deal Miami

Biggest price cut of the day

August 10, 2010 05:00PM

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714 NE 59th Street

The South Florida home to see the biggest price cut of the day is a five-bedroom, four-and-two-half-bathroom house at 714 NE 59th Street in Miami, according to data from Condo Vultures Realty. The $2.9 million Miami-Dade County home saw a $900,000, or 24 percent, price cut. It was originally listed for $3.8 million when it hit the market in August 2009. The 3,882-square-foot home sits on a 20,316-square-foot lot and has formal gardens, fountains, a pool and koi pond, and has been completely renovated. Ruben Matz of Metro 1 Properties 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