The Real Deal Miami

Biggest price cut of the day

August 31, 2010 05:30PM

alternate text1455 Ocean Drive #1103

The South Florida home to see the biggest price cut today is a two-bedroom, two-bathroom condo, #1103, in the Il Villaggio on South Beach at 1455 Ocean Drive, according to data from Condo Vultures Realty. The $1.595 million Miami-Dade County home saw a $205,000, or 11 percent, price cut. It was originally listed for $1.8 million when it hit the market Aug. 10. The 1,550-square-foot, oceanfront home is a short sale listing with panoramic views of Lumus Park and Ocean Drive in a full-service building. Ines Flax of South Beach Investment 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