The Real Deal Miami

Biggest price cut of the day

March 17, 2011 04:57PM

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461 S. Mashta Drive

The South Florida home to see the biggest price cut today is a five-bedroom, five-and-a-half-bathroom house at 461 S. Mashta Drive in Key Biscayne, according to data from Condo Vultures Realty. The $5.55 million Miami-Dade County home saw a $350,000, or 6 percent, price cut. It was originally listed for $6.29 million when it hit the market in June 2010. The price was last cut to $5.9 million in October 2010. The 5,616-square-foot home sits on a 16,541-square-foot, waterfront lot and has a pool, dock and private garden. Maureen Jauregui of Fortune International 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