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.

1107 1ST Street S H, Jacksonville Beach, FL 32250 (MLS# 2163375)

1107 1ST Street S H, Jacksonville Beach, FL 32250

$499,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,037 Lot Size (sq. ft.): 436 Status: Active

Current Price: $499,000 List Date: 9/03/2026 Last Modified: 9/18/2026

Overview

Description

Stunning renovated OCEANFRONT TOWNHOME. BUILDING IS EXEMPT from Florida SIRS/MILESTONE STRUCTURAL mandates (2 habitable stories over parking deck per HB 913), ensuring highly stable historical HOA dues compared to area high-rise towers. The building faces none of the structural assessment liabilities currently impacting Florida State high-rise towers, preserving an incredibly stable $500/MONTH HOA WITH WATER INCLUDED. Plus ATLANTIC OCEAN VIEW, PRIVATE BEACH ACCESS, 2025 Fully Renovated everything is new, brand NEW central HVAC system, not the typical floorplan, modern and open space, 2 bedroom and 2 bathrooms, balcony, master bedroom on the 3rd floor.

Supplements: Walkability to all the shops, restaurants, bars, parks, amphitheater, and tennis courts. Enjoy the peaceful sound of waves crashing from your bedroom. Close to MAYO CLINIC, NAVAL AIR STATION, NAVAL STATION MAYPORT, UNIVERSITY, HOSPITAL, SCHOOLS... everything minutes away: Whole Foods, Sephora, Starbucks, Trader's Joe, Ulta, Tire Shop, Home Depot, L ... (Read more)

Listing Details MLS# 2163375

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1037
Living Area Source: Appraiser
Year Built: 1980
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 1500
Association Fee Frequency: Quarterly
Association Name: Ocean Terrace of Jax Beach Condominium
Association Phone: 904-704-1107
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Stories: 2
Stories Total: 3
Senior Community YN: No
Directions: From NEFAR at Jax Beach, head east toward 3rd St S, turn right onto 12th Ave S, turn left onto 1st St S, turn right onto 1107 1st St S, Jacksonville Beach FL 32250
Public Remarks: Stunning renovated OCEANFRONT TOWNHOME. BUILDING IS EXEMPT from Florida SIRS/MILESTONE STRUCTURAL mandates (2 habitable stories over parking deck per HB 913), ensuring highly stable historical HOA dues compared to area high-rise towers. The building faces none of the structural assessment liabilities currently impacting Florida State high-rise towers, preserving an incredibly stable $500/MONTH HOA WITH WATER INCLUDED. Plus ATLANTIC OCEAN VIEW, PRIVATE BEACH ACCESS, 2025 Fully Renovated everything is new, brand NEW central HVAC system, not the typical floorplan, modern and open space, 2 bedroom and 2 bathrooms, balcony, master bedroom on the 3rd floor.
List Price/SqFt: 481.2

Property Features

Levels: Multi/Split Property Condition: Updated/Remodeled Rental Restrictions: 1 Month Appliances: Convection Oven; Dishwasher; Disposal; Induction Cooktop; Refrigerator; Tankless Water Heater; Wine Cooler Fireplace Features: Electric Interior Features: Ceiling Fan(s); Entrance Foyer; Kitchen Island; Open Floorplan; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Utilities: Cable Available; Electricity Available; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Private Sewer: Public Sewer Smart Home Features: Locks Construction Materials: Concrete; Stucco Exterior Features: Balcony Patio And Porch Features: Porch; Terrace Parking Features: Assigned; Covered View: Beach; Ocean Water Body Access Type: Public Accessible Waterfront Features: Ocean Front Fencing: Fenced Current Use: Residential Association Amenities: Beach Access; Car Wash Area; Maintenance Structure; Management - Live In; Trash; Water Possession: Close Of Escrow Listing Terms: Cash; Conventional; Other

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2026-09-01
Unit Type: Other

Location Tax and Legal

Street Number: 1107
Street Name: 1ST
Street Suffix: Street
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Ocean Terrace

Status Change Information

Major Change Timestamp: 2026-09-03T20:52:50Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: STOPA LLC

Last Updated: September - 18 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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