SELECT soundex(AREA) as snd_AREA, min(AREA) as AREA_EXAMPLE_1, max(AREA) as AREA_EXAMPLE_2
from MASTER
group by soundex(AREA)
order by AREA_EXAMPLE_1
;
In MySQL you could select group_concat(distinct AREA) as list_area to get all the versions, and I don't know about that in SQL-Server, but min and max give two examples of the areas, and you wanted to discard the diffs anyway.