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The Real Deal Miami

Biggest price cut of the day

February 15, 2011 05:48PM

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5711 Pine Tree Drive

The South Florida home to see the biggest price cut today is a four-bedroom, four-bathroom house at 5711 Pine Tree Drive in Miami Beach, according to data from Condo Vultures Realty. The $3.25 million Miami-Dade County home saw a $249,000, or 7 percent, price cut. It was originally listed for $3.499 million when it hit the market in January. The 3,304-square-foot, gated waterfront villa has a pool, fireplace and dock, and is also available for rent for $15,000 per month. Penelope Friedland of Coldwell Banker 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