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The Real Deal Miami

Biggest price cut of the day

February 08, 2011 04:59PM

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4411 Pine Tree Drive

The South Florida home to see the biggest price cut today is an eight-bedroom, nine-bathroom house at at 4411 Pine Tree Drive in Miami Beach, according to data from Condo Vultures Realty. The $7.9 million Miami-Dade County home saw a $1 million, or 11 percent, price cut. It was originally listed for $9.9 million when it hit the market in December 2009. The price was last cut to $8.9 million in May 2010. The 11,878-square-foot waterfront home sits on a 39,000-square-foot lot and has a pool, terraces, fountains and private guest and staff houses. 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.) TRD