The Real Deal Miami

Biggest price cut of the day

March 15, 2011 02:37PM

The South Florida home to see the biggest price cut today is a six-bedroom, seven-and two-half-bathroom house at 541 S. Mashta Drive in Key Biscayne, according to data from Condo Vultures Realty. The $3.599 million Miami-Dade County home saw a $551,000, or 13 percent, price cut. It was originally listed for $4.15 million when it hit the market in September 2009. The 4,904-square-foot home was constructed in 2008 and sits on a 10,000-square-foot lot. Michelle Barnett of E Realty International 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