We have a listing in the custom home section of the Citrus that is 3,909 square feet, was built in 1997 and originally offered at $1,199,000 in February, 2009. The original listing price was $307 per square foot which is a competitive price for a custom home especially on that street.
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We have reduced the price $350,000 and the home is currently offered at $849,000 or $217 per square foot! The average price per square foot of all 21 homes that have sold in the Citrus (including foreclosures and short sales) this year is $251 per square foot, all active listings average $294 per square foot. A custom home offered at $217/sqft is clearly a spectacular deal.
This home has 4 bedrooms. 2 in the main house and 2 in the detached Casita. The home is located on the north side of the street but has a front (south facing) loaded pool and spa so that the pool and front patio have sun all year as well as a nice view of the southern mountains. This home is extremely well built and has great “bones”!
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