The Real Deal Miami

Biggest price cut of the day

November 08, 2010 05:15PM

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3 Grove Isle Drive, #C1601

The South Florida home to see the biggest price cut today is a three-bedroom, four-bathroom condo, #C1601, in Coconut Grove’s Grove Isle, according to data from Condo Vultures Realty. The $2.5 million Miami-Dade County home saw a $250,000, or 9 percent, price cut. It was originally listed for $2.95 million when it hit the market in February. The price was last cut to $2.75 million in April. The 5,012-square-foot unit has a wraparound balcony and views of Miami, the Atlantic Ocean and Biscayne Bay. Jordan Charvillat of Investco 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.)