The Real Deal Miami

Biggest price cut of the day

December 15, 2010 04:37PM

alternate text1370 S. Venetian Way

The South Florida home to see the biggest price cut today is a five-bedroom, four-bathroom home at 1370 S. Venetian Way, in Miami Beach, according to data from Condo Vultures Realty. The $2.95 million Miami-Dade County home saw a $500,000, or 14 percent, price cut. It was originally listed for $3.45 million when it hit the market in March. The 4,498-square-foot waterfront home sits on a 10,500-square foot lot and has a fireplace, a pool and multiple terraces. Nelson Gonzalez of Esslinger-Wooten-Maxwell 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.) TRDv