Discount: 35%
Description: This custom-built Spanish-style home has four bedrooms, three baths and a lot to like: crown moldings, large rooms, tile floors, plantation shutters and more. The master bath has both tub and shower and his and her sinks.
Its location, well west of Interstate 75, puts it just a couple of blocks from the bay and it's in a much-in-demand school system.
Despite its virtues -- including nearly 4,000 square feet -- this home's price has dropped, although not nearly as much as many properties in this part of Sarasota, where values have fallen by more than half, according to Zillow.com. In 2006, Zillow estimates, this home was worth more than $1.5 million.
For further information: Trulia
NEXT: Cambridge, Md.