My initial response is simply "But is it worth the list price?"
The reality is if you want to sell a home in Brevard County, Florida (or any other place) you must price it based on the competition (market), location, condition and seller motivation.
If the pricing considerations point to a lower price, don't delay the inevitable....go ahead and market it as a short sale. There is nothing to be gained by overpricing to avoid a short sale if that is where the market is!