I am a real estate agent who does a lot of business here and actually lives in this same neighborhood as this home in Ponte Vedra FL. The home is lovely, been empty almost 1 year and is a short sale. Prices are quite often negotiable, even with a short sale, but you have no guarantee that they bank will accept the list or asking price - or take even less. That is another challenge of short sales. It really depends upon what the lender is willing to "take short" on the amount owed on the mortgage by the owners. In MLS it shows as "contingent" status, meaning an offer is in front of the bank at this time for this particular property, however, they may accept back ups. I do not know the exact details of the transaction or status with the bank's response or acceptance - however, I do believe this is not the first contract the property has had on it. (buyers do fall out of the short sale process over time because the cannot wait any longer for bank approval). The property is priced extremely well only because of the short sale, not what I would say is the normal range for a home over 3000SF. If you would like to see others in the mid - $200s, if that is your price range, please let me know more about your wish list and search criteria and I can help find some other gems. You can also go to my website to search listings throughout NE Florida. http://www.KSandbergHomes.com.
Best of Luck, Kim Sandberg
REALTOR, e-Pro, ASP, ABR, GRI