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.

1103 SPINNAKERS REACH Drive, Ponte Vedra Beach, FL 32082 (MLS# 641245)

1103 SPINNAKERS REACH Drive, Ponte Vedra Beach, FL 32082

$985,000

Virtual Tour

http://www.tourfactory.com/idxr953834

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,936 Status: Closed

Current Price: $985,000 List Date: 11/15/2012 Last Modified: 8/24/2026

Overview

Description

First owners, first choice. This handsome oceanfront condominium offers low maintenance living with the comfort, space and feel of a single-family home. First floor location provides easy access to the Hallmark pool and the beach. Savor the sunrise from the spacious covered east veranda and the sunset from the west balcony overlooking the preserve. Storm shutters offer privacy and protection. ''Smart house'' technology includes computer programming of the security system, heat and air conditioning, storm shutters and some of the lighting. The system, which can be operated by telephone, provides economy and convenience of operation. It was originally installed by Honeywell and is currently monitored by Stanley Security Solutions. See supplement for more...

Supplements: Additional condominium features include a large storage unit and two covered parking spaces. A Hallmark purchase provides membership in an exceptionally well run association and life in a exceptionally well maintained building. The best of the beach.

Listing Details MLS# 641245

General Property Information

Bedrooms Total: 4
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 2936
Living Area Source: Public Records
Year Built: 1996
Association YN: Yes
Association Fee: 733
Association Fee Frequency: Semi-Annually
Association Fee 2: 1100
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 4
Entry Level: Yes
Directions: A1A East on Corona Road, South on Ponte Vedra Blvd., L into Sawgrass Beach Club. Go L after security gate around the little traffic circle and follow sign to Hallmark.
Public Remarks: First owners, first choice. This handsome oceanfront condominium offers low maintenance living with the comfort, space and feel of a single-family home. First floor location provides easy access to the Hallmark pool and the beach. Savor the sunrise from the spacious covered east veranda and the sunset from the west balcony overlooking the preserve. Storm shutters offer privacy and protection. ''Smart house'' technology includes computer programming of the security system, heat and air conditioning, storm shutters and some of the lighting. The system, which can be operated by telephone, provides economy and convenience of operation. It was originally installed by Honeywell and is currently monitored by Stanley Security Solutions. See supplement for more...
List Price/SqFt: 391.69
Sold Price/SqFt: 335.49

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Refrigerator; Washer; Water Softener Owned Fireplace Features: Gas Interior Features: Eat-in Kitchen; Elevator; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Cable Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: 24 Hour Security; Security System Owned; Smoke Detector(s) Construction Materials: Stucco Exterior Features: Balcony Parking Features: Additional Parking; Underground View: Ocean Waterfront Features: Ocean Front Current Use: Multi-Family Association Amenities: Community Pool; Management - Full Time; Management - Off Site Association Fee Includes: Insurance; Maintenance Grounds; Security Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2012-10-25

Location Tax and Legal

Street Number: 1103
Street Name: SPINNAKERS REACH
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 261-Ponte Vedra Bch-S Of Corona-E Of A1E/Lake Pv
Subdivision Name: Hallmark Condo

Status Change Information

Major Change Timestamp: 2023-11-14T18:54:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2012-10-25T20:26:46Z
Purchase Contract Date: 2013-05-10
Close Date: 2013-05-24
Close Price: 985000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Condo Restrictions-See Condo Docs: Y, Bath-Owner Bath W/Whirlpool: Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Living Room: Y, Golf Course Comm: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Exhaust Fans: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Unit Type: Flat, Ground Level, Occupant Type: Appointment, Call Listing Office, Occupied - Lockbox, Gated

Room Information

Room Name
Office
Utility Room

Documents

Floor Plan ›

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: August - 24 - 2026

Information deemed reliable but not guaranteed.