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.

107 ARELLA Way, St. Johns, FL 32259 (MLS# 889581)

107 ARELLA Way, St. Johns, FL 32259

$557,000

Virtual Tour

http://tour.vht.com/433614198/idx

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 4,488 Status: Closed

Current Price: $557,000 List Date: 6/30/2017 Last Modified: 8/12/2026

Overview

Description

Move in Ready with easy commute to both St. Augustine and Jacksonville, A rated Schools. Immaculate, bright, and very spacious home with expansive water views nestled in a European flair community with lovely amenity center. Balconies both front and back. Impressive gourmet kitchen, white cabinetry, massive island w/storage, gas cooktop, butler station, gorgeous backsplash, statement range hood, expansive pantry, true double oven, drawer stack, and oversized casual dining. Family room w/ beautiful custom built-in cabinetry. The water view from these rooms is breath-taking. Main floor master BR w/ coffered ceiling, large closet, and elegantly finished bathroom. Upstairs boasts 2 bonus room spaces, 4 bedrooms. Custom window treatments, fantastic laundry room and drop station.

Listing Details MLS# 889581

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 4488
Living Area Source: Public Records
Year Built: 2015
Lot Size Dimensions: 0.26 acre
Association YN: Yes
Association Fee: 909.24
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1727.57
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: From US 1 go west on Racetrack Road, pass St. Johns Pkwy 2209, right at light into Celestina, pass through guard gate, 3rd right on Arella Way.
Public Remarks: Move in Ready with easy commute to both St. Augustine and Jacksonville, A rated Schools. Immaculate, bright, and very spacious home with expansive water views nestled in a European flair community with lovely amenity center. Balconies both front and back. Impressive gourmet kitchen, white cabinetry, massive island w/storage, gas cooktop, butler station, gorgeous backsplash, statement range hood, expansive pantry, true double oven, drawer stack, and oversized casual dining. Family room w/ beautiful custom built-in cabinetry. The water view from these rooms is breath-taking. Main floor master BR w/ coffered ceiling, large closet, and elegantly finished bathroom. Upstairs boasts 2 bonus room spaces, 4 bedrooms. Custom window treatments, fantastic laundry room and drop station.
List Price/SqFt: 127.01
Sold Price/SqFt: 124.11

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Gas Range; Gas Water Heater; Microwave; Tankless Water Heater; Water Softener Owned Interior Features: Breakfast Bar; Butler Pantry; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Exterior Features: Balcony Patio And Porch Features: Covered; Front Porch; Patio; Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Cul-De-Sac View: Water Waterfront Features: Lake Front Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2017-06-30

Location Tax and Legal

Street Number: 107
Street Name: ARELLA
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Celestina

Status Change Information

Major Change Timestamp: 2023-11-14T07:58:24Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-03-07T13:44:55Z
Purchase Contract Date: 2018-04-06
Close Date: 2018-04-25
Close Price: 557000

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: 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, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Room Information

Room Name
Living Room
Family Room
Great Room
Office
Loft
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: August - 12 - 2026

Information deemed reliable but not guaranteed.