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.

1031 1ST Street S 308, Jacksonville Beach, FL 32250 (MLS# 2161865)

1031 1ST Street S 308, Jacksonville Beach, FL 32250

$1,030,000

Virtual Tour

https://my.matterport.com/show/?m=QFMRnxLPpii&mls=1

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,560 Status: Closed

Current Price: $1,030,000 List Date: 8/26/2026 Last Modified: 10/30/2026

Overview

Description

Oceanfront living at its finest in the heart of Jacksonville Beach! This beautifully appointed residence offers 2 bedrooms, 2 bathrooms and third bedroom option in the flex room featuring double doors and access to ocean-view balcony. Located on the 3rd floor, elevated on the building's 5th level. The well-designed kitchen features granite countertops, a Sub-Zero refrigerator, KitchenAid appliances, glass-top range, and built-in oven and microwave. The primary suite features sliding glass doors, a large walk-in closet, and an ensuite bath with dual vanities, Jacuzzi tub, and separate shower. The second bedroom offers a walk-in closet and sliding glass doors opening to its own private balcony--providing guests with a peaceful, private retreat. With three balconies, flexible living space, and beautiful ocean views, this residence offers an exceptional opportunity to enjoy the Jacksonville Beach lifestyle. Home is beautifully staged by Simply Dwell.

Supplements: This residence includes two assigned parking spaces, with one located in Garage #1 and one inGarage #2, plus an air-conditioned storage cage in Garage #2. The HVAC and water heater were both replaced in 2023. Costa Verano offers an impressive collection of resort-style amenities, including a private beach walkover, oceanfront pool, fitness center, ... (Read more)

Listing Details MLS# 2161865

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1560
Living Area Source: Public Records
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 1379
Association Fee Frequency: Monthly
Association Name: Costa Verano Condominium Association, Inc
Association Phone: (904) 247-0001
CDD Fee YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 20
Senior Community YN: No
Direction Faces: East
Directions: From Butler Blvd at A1A N, head north on A1A, turn right on 10th AVE S, turn left on 1st ST, building is on the right.
Public Remarks: Oceanfront living at its finest in the heart of Jacksonville Beach! This beautifully appointed residence offers 2 bedrooms, 2 bathrooms and third bedroom option in the flex room featuring double doors and access to ocean-view balcony. Located on the 3rd floor, elevated on the building's 5th level. The well-designed kitchen features granite countertops, a Sub-Zero refrigerator, KitchenAid appliances, glass-top range, and built-in oven and microwave. The primary suite features sliding glass doors, a large walk-in closet, and an ensuite bath with dual vanities, Jacuzzi tub, and separate shower. The second bedroom offers a walk-in closet and sliding glass doors opening to its own private balcony--providing guests with a peaceful, private retreat. With three balconies, flexible living space, and beautiful ocean views, this residence offers an exceptional opportunity to enjoy the Jacksonville Beach lifestyle. Home is beautifully staged by Simply Dwell.
List Price/SqFt: 680.77
Sold Price/SqFt: 660.26

Property Features

Architectural Style: Condotel Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Kitchen Island; Open Floorplan; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; In Unit; Sink; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Carbon Monoxide Detector(s); Fire Sprinkler System; Smoke Detector(s) Exterior Features: Balcony Patio And Porch Features: Covered; Terrace Parking Features: Assigned; Community Structure; Garage; Gated; Other View: Ocean Waterfront Features: Ocean Front Current Use: Multi-Family; Residential Association Amenities: Barbecue; Beach Access; Community Pool; Dog Park; Elevator(s); Fitness Center; Maintenance Grounds; Management - On Site; Sauna; Security; Spa/Hot Tub; Trash; Other Association Fee Includes: Cable TV; Maintenance Grounds; Maintenance Structure; Security; Trash; Water Community Features: Curbs; Gated; Sidewalks; Street Lights Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional