The Real Deal Miami

Biggest price cut of the day

November 16, 2010 04:00PM

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6500 Riviera Drive

The South Florida home to see the biggest price cut today is a six-bedroom, six-bathroom house at 6500 Riviera Drive in Coral Gables, according to data from Condo Vultures Realty. The $7.15 million Miami-Dade County home saw a $1.2 million, or 14 percent, price cut off its last asking price of $8.35 million. It was originally listed for $9.875 million when it hit the market in April, before the last price cut in June. The 8,200-square-foot waterfront home sits on a 22,950-square-foot lot with a pool and dock. Jorge Uribe of Sotheby’s International 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.)