Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

101 OLETA Way, St. Augustine, FL 32095 (MLS# 2165140)

101 OLETA Way, St. Augustine, FL 32095

$624,900

Beautiful Single Story Home in well-established, highly sought-after Palencia neighborhood!

Kitchen with large oversized Quartz island and breakfast bar

Open living spaces, inviting areas for both everyday family gatherings and entertaining

Living room, Kitchen, eat-in dining area, breakfast bar, double doors lead to office/flex space

Large Main Bedroom overlooking private backyard

Main bath with huge shower, and walk in closet for all your belongings

Welcoming open foyer, with bedroom up front and Jack and Jill bath

Large dining area with double french doors leading to office/flex room

Inside the office looking out into the living room

Double Vanity Jack and Jill bath connecting Bedrooms 3 and 4

Separate Shower with door for extra privacy within Jack and Jill bath

Walk in Laundry Room conveniently located

Outside screened porch for quiet morning coffee

Screened in porch great for unwinding and enjoying your private view of the preserve

private fenced backyard with lots of trees and green

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,404 Lot Size (sq. ft.): 9,148 Status: Active

Current Price: $624,900 List Date: 9/18/2026 Last Modified: 9/30/2026

Overview

Description

Welcome to 101 Oleta Way, where a thoughtfully designed single-story home meets the exceptional lifestyle of Palencia. Built in 2020, this spacious 4-bedroom, 3-bath home offers 2,404 square feet PLUS a dedicated office/flex room providing the versatility today's buyers are looking for. At the heart of the home, the open-concept kitchen, dining and living areas create an inviting space for everyday living and entertaining. The kitchen features a generous oversized island with plenty of room to gather, while the open layout keeps everything connected. A desirable split-bedroom design offers privacy and flexibility for family, guests or multi-generational living, while the separate office provides an ideal space for working from home, hobbies or a quiet retreat. Step outside to the screened lanai and enjoy a private, fully fenced backyard with peaceful preserve views and no rear neighbor. A wonderful setting for morning coffee, outdoor dining, pets or relaxing at the end of the day.

Supplements: But life at 101 Oleta Way extends well beyond the backyard. Palencia is one of St. Augustine's most established and amenity-rich communities, known for its beautiful mature landscaping, parks, trails and impressive recreational amenities. Residents enjoy multiple pools, fitness facilities, tennis and pickleball courts, athletic fields, playgrounds, ... (Read more)

Listing Details MLS# 2165140

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2404
Living Area Source: Builder
Year Built: 2020
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.21
Association YN: Yes
Association Fee: 148
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3877.56
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: From US-1, turn onto Las Calinas Blvd. Continue through gate, take 2nd exit at roundabout, then right onto Oleta Way. Home will be on the right
Public Remarks: Welcome to 101 Oleta Way, where a thoughtfully designed single-story home meets the exceptional lifestyle of Palencia. Built in 2020, this spacious 4-bedroom, 3-bath home offers 2,404 square feet PLUS a dedicated office/flex room providing the versatility today's buyers are looking for. At the heart of the home, the open-concept kitchen, dining and living areas create an inviting space for everyday living and entertaining. The kitchen features a generous oversized island with plenty of room to gather, while the open layout keeps everything connected. A desirable split-bedroom design offers privacy and flexibility for family, guests or multi-generational living, while the separate office provides an ideal space for working from home, hobbies or a quiet retreat. Step outside to the screened lanai and enjoy a private, fully fenced backyard with peaceful preserve views and no rear neighbor. A wonderful setting for morning coffee, outdoor dining, pets or relaxing at the end of the day.
List Price/SqFt: 259.94

Property Features

Architectural Style: Traditional Levels: One Appliances: Dishwasher; Disposal; Double Oven; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Jack and Jill Bath; Kitchen Island; Pantry; Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances; Lighting; Windows Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Front Porch; Patio; Porch; Rear Porch; Screened Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded View: Protected Preserve Fencing: Back Yard; Fenced; Privacy; Other Current Use: Residential; Single Family Association Amenities: Children's Pool; Clubhouse; Community Pool; Fitness Center; Gated; Golf Course; Jogging Path; Park; Pickleball; Playground; Tennis Court(s); Water Community Features: Gated; Restaurant; Sidewalks; Suburban Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-16

Location Tax and Legal

Street Number: 101
Street Name: OLETA
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2026-09-30T11:49:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-30T11:49:21Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: MOXII PRO REALTY

Last Updated: September - 30 - 2026

Information deemed reliable but not guaranteed.