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.

112 INDIAN COVE Lane, Ponte Vedra Beach, FL 32082 (MLS# 1222083)

112 INDIAN COVE Lane, Ponte Vedra Beach, FL 32082

$1,280,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,570 Status: Closed

Current Price: $1,280,000 List Date: 4/15/2023 Last Modified: 2/23/2025

Overview

Description

Welcome home to your move-in ready lakefront refuge in highly sought after Marsh Landing in desired Ponte Vedra Beach . Take in the water view from the brand new heated & cooled pool w/ spa all screened in. All one level w/ 4 bedrooms, 3 bathrooms and office or flex space within the primary bedroom. Kitchen overlooks family room, pool and lake. Roof less than 5 years.

Listing Details MLS# 1222083

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2570
Living Area Source: Public Records
Year Built: 1994
Association YN: Yes
Association Fee: 354.25
Association Fee Frequency: Monthly
Association Name: Marsh Landing Mgmt
Association Phone: 904-273-3033
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Directions: A1A South - right on Solano Rd - right into Marsh Landing/South Gate - left on Harbour View - left on Indian Cove Ln.
Public Remarks: Welcome home to your move-in ready lakefront refuge in highly sought after Marsh Landing in desired Ponte Vedra Beach . Take in the water view from the brand new heated & cooled pool w/ spa all screened in. All one level w/ 4 bedrooms, 3 bathrooms and office or flex space within the primary bedroom. Kitchen overlooks family room, pool and lake. Roof less than 5 years.
List Price/SqFt: 505.45
Sold Price/SqFt: 498.05

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned; Wine Cooler Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Other Structures: Outdoor Kitchen Patio And Porch Features: Patio; Porch; Screened Pool Features: In Ground; Heated; Screen Enclosure Spa Features: Private Roof: Shingle Parking Features: Attached; Garage; On Street Lot Features: Sprinklers In Front; Sprinklers In Rear Waterfront Features: Lake Front; Pond Fencing: Back Yard; Wrought Iron Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Golf Course; Jogging Path; Laundry; Security; Tennis Court(s); Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-04-14

Location Tax and Legal

Street Number: 112
Street Name: INDIAN COVE
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 252-Ponte Vedra Beach-W Of A1A-N Of Solana Rd
Subdivision Name: Marsh Landing

Status Change Information

Major Change Timestamp: 2023-06-14T21:13:04Z
Major Change Type: Status Change
Purchase Contract Date: 2023-06-06
Close Date: 2023-06-14
Close Price: 1280000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Bulkhead: Y, Dining-Kitchen/Family Combo: Y, Club Amenities-Nature Trails: Y, Football Field(s): Y, Kitchen-Solid Surface Countertops: Y, Golf Course Comm: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-French Door(s): Y, Fireplace-Family Room: Y, Fireplace Mantle: Y, Structure Slab: Y, 1031 Exchange Possible Financing: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Living Room
Family Room
Office
Utility Room

Documents

Seller's Disclosure ›

HOA Disclosure ›

Homeowner Expense Sheet ›

Termite Bond ›

Listing Office: MARSH LANDING REALTY

Last Updated: February - 23 - 2025

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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