The Real Deal Miami

Biggest price cut of the day

December 28, 2010 05:19PM

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114 W. Rivo Alto Drive

The South Florida home to see the biggest price cut today is a four-bedroom, three-bathroom single-family house at 114 W. Rivo Alto Drive in Miami Beach, according to data from Condo Vultures Realty. The $2.495 million Miami-Dade County home saw a $255,000, or 9 percent, price cut. It was originally listed for $2.8 million when it hit the market in March. The price was last cut to $2.75 million in April. The 3,305-square-foot home sits on a 10,500-square-foot waterfront lot off the Venetian Causeway and has a pool, detached guest house and 60-foot dock. Jill Hertzberg of Coldwell Banker Residential Real Estate 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