"CHECK THE COMPS" says the Pro! There are EASY COMPS & THEN THERE ARE (other) COMPSZillow bases our home's value it seems to me on sales of homes that are generally like ours as far as amenities are concerned and are almost always located in the same one or two gated communities, one to the north and one to the south of us. Our home sits on an acre and a half of land and is the last in line of six or seven bigger homes, most of which have been valued near the million dollar level, and will undoubtedly return to that level once this awful recession is history ("from my lips to God's ears") and we can all breath normally again. A recent home sale at 137 S. Roscoe on the Intercoastal sold at $870,000. This home is more comparable seemingly to our home: it has a view of the Intercostal. Our property, which has a creek running through it, has sufficiently large acreage to allow the stabling of the buyer's horses on it's own property, for instance, and it's property just about a mile or so from the Atlantic Ocean and our beautiful Ponte Vedra beach. Eighteen acres of treed property on our Southern boundary is owned by the diocese in St. Augustine and will likely remain undeveloped for many years to come. A private beautifully treed lot of the same size as ours sits to the North of us. Yet a few months ago Zillow slashed the value of our home seventy-five thousand dollars ($401,000 to 325,000!) This was a shock to us and psychologically and otherwise, kept us sitting on our thumbs and NOT out pursuing a refinancing deal, a necessity for us to remain in our home and a grueling process which we had been putting off but a the time were very close to initiating. I of course cannot give Zillow 100% "credit" for our own inaction, But without further thought or research on my part I will" guesstimate" and slash that down to 75% credit and leave it at that. December 23 2009 - Ponte Vedra Beach00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.