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.

1118 EXECUTIVE COVE Drive, St. Johns, FL 32259 (MLS# 2070613)

1118 EXECUTIVE COVE Drive, St. Johns, FL 32259

$584,000

Virtual Tour

https://my.matterport.com/show/?m=FsiFjnP3bVr

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,839 Lot Size (sq. ft.): 16,553 Status: Closed

Current Price: $584,000 List Date: 3/17/2025 Last Modified: 10/13/2026

Overview

Description

This beautifully renovated 3 bedroom 3.5 bath home with a study is tucked among stately live oaks on a charming, quite street in Fruit Cove. It seamlessly blends contemporary updates with traditional warmth, offering a cozy setting. At the heart of the home, an expansive great room offers effortless flow, wit warm wood look flooring (lvp) and a bright, welcoming atmosphere. A decorative double sided fireplace subtly defines the living and dining spaces, maintaining an open yet inviting layout perfect for both everyday living and entertaining. The chef's kitchen, renovated in 2021, features a spacious island with room for seating, quartz countertops, and stainless steel appliances. The washer and dryer are also included! Outside the updated patio extends your living place beyond the lanai into a south facing, fully fenced in backyard. A few of the many updates include: New Septic (2024), updated pipes, water softener, and AC. No HOA!

Listing Details MLS# 2070613

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2839
Living Area Source: Public Records
Year Built: 1977
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.38
Association YN: No
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: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: Head North on San Jose and take a left onto FL 13 N Turn right onto Fruit Cove Road and right onto Executive Cove Drive. The home is on the left.
Public Remarks: This beautifully renovated 3 bedroom 3.5 bath home with a study is tucked among stately live oaks on a charming, quite street in Fruit Cove. It seamlessly blends contemporary updates with traditional warmth, offering a cozy setting. At the heart of the home, an expansive great room offers effortless flow, wit warm wood look flooring (lvp) and a bright, welcoming atmosphere. A decorative double sided fireplace subtly defines the living and dining spaces, maintaining an open yet inviting layout perfect for both everyday living and entertaining. The chef's kitchen, renovated in 2021, features a spacious island with room for seating, quartz countertops, and stainless steel appliances. The washer and dryer are also included! Outside the updated patio extends your living place beyond the lanai into a south facing, fully fenced in backyard. A few of the many updates include: New Septic (2024), updated pipes, water softener, and AC. No HOA!
List Price/SqFt: 205.71
Sold Price/SqFt: 205.71

Property Features

Architectural Style: Traditional Levels: One Appliances: Dishwasher; Disposal; Dryer; Freezer; Gas Oven; Gas Range; Ice Maker; Microwave; Refrigerator; Washer Fireplace Features: Double Sided Interior Features: Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Primary Bathroom - Shower No Tub; Skylight(s) Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Well Sewer: Septic Tank Parking Features: Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Inspection; Lender Approval

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-02-15

Location Tax and Legal

Street Number: 1118
Street Name: EXECUTIVE COVE
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Executive Cove

Status Change Information

Major Change Timestamp: 2025-06-05T17:38:23Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-31T17:33:27Z
Purchase Contract Date: 2025-05-04
Close Date: 2025-06-05
Close Price: 584000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Seller's Property Disclosure ›

Upgrades list ›

Listing Office: RADIANT REALTY

Last Updated: October - 13 - 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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