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 S 1ST 1205, Jacksonville Beach, FL (MLS# 689163)

1031 S 1ST 1205, Jacksonville Beach, FL

$975,000

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,605 Status: Closed

Current Price: $975,000 List Date: 4/29/2014 Last Modified: 1/12/2026

Overview

Description

Price Adjusted $140,000!!! A very unique lifestyle can be yours at Costa Verano. More amenities in this building than any other beachfront property in N.E. Florida. Wake every morning with a spectacular ocean view. Enjoy coffee on your 12th floor terrace. This is Luxury Oceanfront Living at it finest. Concierge and security 24 hrs. a day. Epicurean Kitchen, All Bedrooms have ensuite bathrooms, Full size office when you ''must'' get some work done. Enjoy dinner alfresco on the east terrace listening to the waves crashing on the beach below or relax and read a book on the west terrace and enjoy the sunset as the city lights sparkle. This special home will take you,your guests and your family's breath away!

Listing Details MLS# 689163

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2605
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee Frequency: Monthly
Association Fee 2: 1050
Association Fee 2 Frequency: Monthly
Association Name: Costa Verano Asso.
Association Phone: 850-432-9544
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Directions: JTB to North on A1A. Turn East (right) at 11th Avenue directly to the beach. There is no public parking at the building, please park at the beach access just north of the condominium.
Public Remarks: Price Adjusted $140,000!!! A very unique lifestyle can be yours at Costa Verano. More amenities in this building than any other beachfront property in N.E. Florida. Wake every morning with a spectacular ocean view. Enjoy coffee on your 12th floor terrace. This is Luxury Oceanfront Living at it finest. Concierge and security 24 hrs. a day. Epicurean Kitchen, All Bedrooms have ensuite bathrooms, Full size office when you ''must'' get some work done. Enjoy dinner alfresco on the east terrace listening to the waves crashing on the beach below or relax and read a book on the west terrace and enjoy the sunset as the city lights sparkle. This special home will take you,your guests and your family's breath away!
List Price/SqFt: 406.91
Sold Price/SqFt: 374.28

Property Features

Approx Parcel Size: Condo-NA Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Elevator; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Concrete; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected Cooling: Central Air; Electric; Zoned Heating: Central; Electric; Heat Pump; Zoned Water Source: Public Sewer: Public Sewer Green Energy Efficient: Doors; Windows Security Features: 24 Hour Security; Fire Sprinkler System; Secured Lobby; Smoke Detector(s) Construction Materials: Concrete; Frame; Stucco Exterior Features: Balcony Pool Features: Heated; Other Spa Features: Private Roof: Tile Parking Features: Additional Parking; Community Structure; Detached; Garage Door Opener; Secured; Underground Lot Features: Sprinklers In Front; Sprinklers In Rear View: Ocean Water Body Access Type: Community Waterfront Features: Ocean Front Current Use: Multi-Family Association Amenities: Community Pool; Management - Full Time; Management - On Site; Sauna; Spa/Hot Tub; Trash Association Fee Includes: Insurance; Maintenance Grounds; Pest Control; Security; Trash Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2013-10-22

Location Tax and Legal

Street Number: 1031
Street Direction Prefix: S
Street Name: 1ST
County: Duval
State: FL
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Costa Verano

Status Change Information

Major Change Timestamp: 2023-11-13T18:37:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2014-05-03T11:15:41Z
Purchase Contract Date: 2014-07-05
Close Date: 2014-07-07
Close Price: 975000

Historical Information

Public Historical Remarks 1: Storage Room: Y, Unit Location-11th - 20th Story: Y, Dining-Kitchen/Family Combo: Y, Bath-Owner Bath W/Whirlpool: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Forced Air: Y, Energy Features-Ceiling Fan(s): Y, Utilities-Separate Water Meter(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Trash Chute: Y
Public Historical Remarks 3: Unit Type: Loft, 11th - 20th Story, Occupant Type: Special Instructions, Call Listing Agent, No Sign on Property, Listing Agent Must Accompany, Occupied, Appointment

More Information

Room Information

Room Name
Office
Media Room
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: January - 12 - 2026

Information deemed reliable but not guaranteed.