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.

1094 WATERFALL Drive, Jacksonville, FL 32225 (MLS# 789379)

1094 WATERFALL Drive, Jacksonville, FL 32225

$228,500

Virtual Tour

http://tour.904pictures.com/idx/677710

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,978 Status: Closed

Current Price: $228,500 List Date: 8/26/2015 Last Modified: 10/23/2026

Overview

Description

ENJOY THIS QUIET LOCATION JUST A SHORT WALK TO THE NEIGHBORHOOD PARK. WATERFALL DRIVE ENDS IN A LOW TRAFFIC CUL DE SAC OF WELL KEPT HOMES AND MANICURED YARDS. THIS HOME FEATURES A LOW MAINTENANCE BRICK AND HARDBOARD EXTERIOR (FRESHLY POWER-WASHED). OPEN FLOOR PLAN WITH FRESH PAINT. 42'' SPICED MAPLE CABINETS. PANTRY, INDOOR LAUNDRY, HIGH CEILINGS, WOOD BURNING FIREPLACE. FORMAL DINING ROOM AND A VERY LARGE MASTER SUITE / MASTER BATH. THE A/C IS ONLY 3 YEARS OLD WITH ULTRA-VIOLET HEPA FILTRATION UPGRADE. THE SOLAR TUBE SKYLIGHT IN THE KITCHEN FILLS THE HOME WITH NATURAL LIGHT, WINDOW COVERINGS INCLUDE HIGH END PLANTATION SHUTTERS THROUGHOUT. THE BACKYARD INCLUDES A STORAGE SHED FOR YOUR LAWN EQUIPMENT. SPRINKLER SYSTEM WITH IRRIGATION METER. TRANSFERABLE TERMITE BOND. FULLY FENCED BACK YAR

Supplements: YAR

Listing Details MLS# 789379

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1978
Living Area Source: Public Records
Year Built: 2003
Homestead YN: Yes
Association YN: Yes
Association Fee: 166
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: FROM ATLANTIC BLVD GO NORTH ON KERNAN BLVD TO RIGHT ON ASHLEY MELISSE, LEFT ON SOARING FLIGHT, TO LEFT ON ARROWLEAF LANE, TO LEFT ON WATERFALL DRIVE. HOME ON RIGHT.
Public Remarks: ENJOY THIS QUIET LOCATION JUST A SHORT WALK TO THE NEIGHBORHOOD PARK. WATERFALL DRIVE ENDS IN A LOW TRAFFIC CUL DE SAC OF WELL KEPT HOMES AND MANICURED YARDS. THIS HOME FEATURES A LOW MAINTENANCE BRICK AND HARDBOARD EXTERIOR (FRESHLY POWER-WASHED). OPEN FLOOR PLAN WITH FRESH PAINT. 42'' SPICED MAPLE CABINETS. PANTRY, INDOOR LAUNDRY, HIGH CEILINGS, WOOD BURNING FIREPLACE. FORMAL DINING ROOM AND A VERY LARGE MASTER SUITE / MASTER BATH. THE A/C IS ONLY 3 YEARS OLD WITH ULTRA-VIOLET HEPA FILTRATION UPGRADE. THE SOLAR TUBE SKYLIGHT IN THE KITCHEN FILLS THE HOME WITH NATURAL LIGHT, WINDOW COVERINGS INCLUDE HIGH END PLANTATION SHUTTERS THROUGHOUT. THE BACKYARD INCLUDES A STORAGE SHED FOR YOUR LAWN EQUIPMENT. SPRINKLER SYSTEM WITH IRRIGATION METER. TRANSFERABLE TERMITE BOND. FULLY FENCED BACK YAR
List Price/SqFt: 118.25
Sold Price/SqFt: 115.52

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Contemporary; Ranch Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Skylight(s); Split Bedrooms; Walk-In Closet(s) Flooring: Carpet Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Brick; Fiber Cement Other Structures: Shed(s) Patio And Porch Features: Front Porch; Porch Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard Current Use: Residential Association Amenities: Playground Possession: Negotiable Contingency Reason: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2015-08-21

Location Tax and Legal

Street Number: 1094
Street Name: WATERFALL
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 043-Intracoastal West-North Of Atlantic Blvd
Subdivision Name: Ashley Woods

Status Change Information

Major Change Timestamp: 2015-10-18T23:00:19Z
Major Change Type: Status Change
Contingency: Active Under Contract
Purchase Contract Date: 2015-09-10
Close Date: 2015-10-16
Close Price: 228500

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Utilities-Separate Irrigation Meter: Y, Dining-Kitchen/Family Combo: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Fireplace Mantle: Y
Public Historical Remarks 3: Unit Type: Ranch, Contemporary, Occupant Type: Vacant -Lockbox, Call Listing Office

Room Information

Room Name
Utility Room

Documents

Survey on File ›

Sellers Disclosure ›

Floorplan ›

WDO and Pest Control service ›

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: October - 23 - 2026

Information deemed reliable but not guaranteed.