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The Real Deal Miami

Biggest price cut of the day

February 11, 2011 05:17PM

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222 Ocean Drive

The South Florida home to see the biggest price cut today is a four-bedroom, three-and-a-half-bathroom house at 222 Ocean Drive in Miami Beach, according to data from Condo Vultures Realty. The $8.2 million Miami-Dade County home saw a $1.3 million, or 14 percent, price cut off its original asking price of $9.5 million, when it first hit the market in November 2010. The 5,430-square-foot home, with an ocean view, sits on a 5,750-square-foot lot and includes a media room and pool. Linda Schechter of Sigurdsson Schechter Luxury 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