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The Real Deal Miami

Biggest price cut of the day

September 16, 2010 05:00PM

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12465 Keystone Island Drive

The South Florida home to see the biggest price cut today is a six-bedroom, six-and-a-half-bathroom house at 12465 Keystone Island Drive in North Miami, according to data from Condo Vultures Realty. The $3.45 million Miami-Dade County home saw a $450,000, or 12 percent, price cut. It was originally listed for $5 million when it hit the market in August 2007. The price was last cut to $3.9 million in July 2009. The 6,000-square-foot home sits on a 15,399-square-foot, waterfront lot in Keystone Pointe and has an infinity pool, Jacuzzi, outdoor kitchen and three-car garage. Marisel Nieves of M & J Real Estate Group 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.)