The Real Deal Miami

Biggest price cut of the day

January 03, 2011 05:04PM

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1331 Brickell Bay Dr., #4401

The South Florida home to see the biggest price cut today is a four-bedroom, four-bathroom home, condominium unit #4401 in the Jade Residences at 1331 Brickell Bay Dr. in Miami, according to data from Condo Vultures Realty. The $2.4 million Miami-Dade County home saw a $400,000, or 14 percent, price cut. It was originally listed for $2.999 million when it hit the market in May. The price was last cut to $2.8 million in November. The 3,415-square-foot home is on penthouse level and has views of the city. Carlo Ortiz of Xcellence 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.) TRD