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This is your update on the largest price changes of homes for sale in Gainesville & Alachua County.  This is normally a weekly post, but we were busy selling homes last week so this is a summary for the last two weeks together.

140 Alachua County & Gainesville real estate listings had price reductions in the MLS system since our last update.  (Changes for 8/9/09 – 8/22/09)

Biggest Drops

The Grove mls 301290

25 Largest Price Reductions

The largest price reduction on the list this week is almost $96,000.  The luxury home is now listed at $1,399,000, located on a 5 acre parcel in “The Grove” in Newberry, FL.

It was built in 2008 and it seems to have most of the amenities that you would expect in a true luxury home, minus a pool.

formal living, dining & family rooms, bar/entertainment room, home theatre, playroom w/kitchen, hobby room, exercise room, butler’s pantry, wine cellar, gourmet kitchen w/breakfast nook, lanai w/summer kitchen, private garden/spa area, 3 laundry/utility areas, and both 2 & 3 car garages

There have been two sales since January 2008 priced above $1M.  They were similar and perhaps nicer than this home (one was a brand-new Shannon Built home, called “Le Chateau de Normandy”).  They sold for $210/sqft and $229/sqft. At $213 per square foot this luxury home is in a similar range as the homes that sold, and is offered in the lower 10% of the market for Multi-Million Dollar luxury homes by price per square foot.  With 44 other homes available in the Multi-Million Dollar range the competition is heavy for a small number of potential buyers.

Click here for details & photos of each property.

Overview

Since the above link won’t last forever, here is an overview of the properties:

MLS #
Street Address
City
Subdivision
SqFt
Price
Reduction
301290 14702 NW 45th PL Newberry The Grove 6,565 $ 1,399,000 $ (96,000)
302031 4414 NW 69 ST Gainesville Emerald Woods 2,272 $ 200,000+ $ (94,499)
299792 15319 SW 15 AVE Newberry None 4,400 $ 399,900 $ (80,000)
303177 17326 SW 75th AVE Archer None 1,581 $ 299,900 $ (65,000)
285529 15391 NW 214 TERR High Springs Oak Lane Plantation 3,340 $ 475,000 $ (55,000)
300202 26369 NW 160th PL High Springs High Springs Estates 3,264 $ 324,900 $ (54,000)
299313 0 NW CR 235A Alachua Deloach 1,200 $ 189,000 $ (50,900)
305818 * 2685 NE 71 TERR Gainesville Copeland 2,624 $ 149,900 $ (49,100)
304765 5326 NW 78 LN Gainesville Blues Creek 2,662 $ 319,000 $ (40,000)
305901 2224 NE 7th ST Gainesville Deborah Hts 1,973 $ 129,900 $ (30,000)
302254 613 NW 134th WAY Newberry Arbor Greens 2,400 $ 349,000 $ (30,000)
303003 10322 SW 23rd AVE Gainesville Cambridge Forest 3,404 $ 499,000 $ (25,900)
305708 * 2030 SW 66 DR Gainesville Portofino 2,233 $ 200,000 $ (25,000)
305377 8620 NW 13th # 192 Gainesville Turkey Creek Forest 1,152 $ 109,900 $ (25,000)
304154 5605 NW 186th ST Alachua None 1,973 $ 324,900 $ (25,000)
301186 25335 NW 6 AVE Newberry Walton Addition 850 $ 54,900 $ (25,000)
303694 * 3301 NW 27 TERR Gainesville Hidden Pines 1,848 $ 185,000 $ (24,000)
305516 17579 NW 181st ST Alachua Meadowglen Farms 2,513 $ 326,690 $ (21,310)
295062 11705 Creek DR Alachua Turkey Creek 1,925 $ 194,500 $ (20,400)
299855** 10204 SW 37 PL Gainesville Windward Meadows 1,931 $ 249,900 $ (20,000)
296430 12709 SW 28th PL Archer Parker Place 2,190 $ 299,000 $ (20,000)
299093 1320 NW 30 ST Gainesville Ridgewood 2,217 $ 249,126 $ (20,000)
303075 1906 NW 21ST ST Gainesville Forest Ridge 3,444 $ 335,000 $ (20,000)
304910 14258 NW 31st AVE Gainesville Turnberry Lake 2,745 $ 389,000 $ (20,000)
304900* 2882 NW 143 TERR Newberry Caraway 2,474 $ 349,900 $ (20,000)

*  This home is a ’short sale’, click here to learn what that means.

** This home is now under contract

+  This home is being offered by auction, with $200,000 being the minimum starting bid.