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.

11117 ZEPHYR Way, Jacksonville, FL 32223 (MLS# 2150482)

11117 ZEPHYR Way, Jacksonville, FL 32223

$389,500

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,833 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $389,500 List Date: 6/19/2026 Last Modified: 10/27/2026

Overview

Description

This beautiful split level home offers 1883 sq ft with 3 bedrooms & 3 full bathrooms in the heart of highly sought after Mandarin. This lakeside hideaway with a coastal soul is located on a cul-de-sac with direct access to the spring-fed Lake Mandarin. Designed with elegance and functionality in mind. This home features a bright open floorplan. The gourmet chef's kitchen boasts sleek quartz countertops, a spacious center island with a breakfast bar & stainless-steel appliances. The kitchen flows seamlessly into the open -concept dining and living area, making it ideal for hosting gatherings & staying connected with guests while enjoying breathtaking views of the lake. Sit down and relax in the spacious family room with soaring 14 foot ceilings and enjoy cozy, tranquil nights nestled in front of a wood-burning fireplace. The 1st floor offers a bedroom which is currently used as a home office, with a full bathroom conveniently located just steps away. See more........

Supplements: Ascend the stairs to an intimate alcove designed for unwinding with your favorite book - leading into the primary suite and the guest suite. The primary suite offers a peaceful retreat, flooded with natural light, with all stone floors, and an open terrace overlooking the lake. The perfect spot to enjoy your morning coffee & to watch the ducks, tur ... (Read more)

Listing Details MLS# 2150482

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1833
Living Area Source: Public Records
Year Built: 1978
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.11
Association YN: Yes
Association Fee: 303
Association Fee Frequency: Annually
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
Entry Level: Yes
Senior Community YN: No
Directions: From 295 S exit San Jose to left on Claire Lane. Travel all the way down until it becomes Lake Mandarin Circle E and turn right onto Waverly Dock Rd E to left on Zephyr Way and property will be on the left.
Public Remarks: This beautiful split level home offers 1883 sq ft with 3 bedrooms & 3 full bathrooms in the heart of highly sought after Mandarin. This lakeside hideaway with a coastal soul is located on a cul-de-sac with direct access to the spring-fed Lake Mandarin. Designed with elegance and functionality in mind. This home features a bright open floorplan. The gourmet chef's kitchen boasts sleek quartz countertops, a spacious center island with a breakfast bar & stainless-steel appliances. The kitchen flows seamlessly into the open -concept dining and living area, making it ideal for hosting gatherings & staying connected with guests while enjoying breathtaking views of the lake. Sit down and relax in the spacious family room with soaring 14 foot ceilings and enjoy cozy, tranquil nights nestled in front of a wood-burning fireplace. The 1st floor offers a bedroom which is currently used as a home office, with a full bathroom conveniently located just steps away. See more........
List Price/SqFt: 218.22
Sold Price/SqFt: 212.49

Property Features

Architectural Style: Patio Home Levels: Two Property Condition: Updated/Remodeled Appliances: Convection Oven; Dishwasher; Disposal; Electric Oven; Electric Range; Microwave; Refrigerator; Water Softener Owned Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Guest Suite; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Stone; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Split System Heating: Central; Electric Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement Exterior Features: Dock Patio And Porch Features: Deck; Glass Enclosed; Screened; Terrace Roof: Shingle Parking Features: Detached; Garage; Garage Door Opener Lot Features: Cul-De-Sac View: Lake Water Body Access Type: Association Waterfront Features: Lake Front Current Use: Residential; Single Family Association Amenities: Park; Pickleball Road Frontage Type: City Street; Private Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection