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.

1120 CELEBRATION Court, St. Johns, FL 32259 (MLS# 2170639)

1120 CELEBRATION Court, St. Johns, FL 32259

$3,200,000

Welcome to this all New Reimagined Estate

Virtual Tour

https://www.zillow.com/view-imx/37b7b437-c991-484d-841d-cce643032457?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 7 Baths: 7 Square Footage: 4,509 Lot Size (sq. ft.): 44,867 Status: Active

Current Price: $3,200,000 List Date: 10/23/2026 Last Modified: 10/24/2026

Overview

Description

Discover an extraordinary blend of luxury, modern sophistication, and timeless Old Florida charm in this exceptional riverfront estate in desirable Fruit Cove. Completely remodeled from top to bottom, this remarkable property offers 4,509 combined square feet of living space between the main residence and separate guest house, with premium upgrades, exceptional entertaining spaces, and an enviable waterfront lifestyle. The main residence features five bedrooms and 3.5 bathrooms, complemented by gorgeous white oak floors, high-end lighting, beautifully renovated bathrooms, and a stunning, thoughtfully appointed kitchen. Designed for both everyday living and entertaining, the kitchen features three ovens, including a gas range oven, and a large double wine cooler. Additional enhancements include newer HVAC systems, a water softener, and a sophisticated water filtration system. A spacious three-car garage provides ample room for vehicles and storage.

Supplements: The beautifully remodeled guest house offers two bedrooms and 1.5 bathrooms, along with its own one-car garage and newer roof. Ideal for multigenerational living, extended guests, or a private retreat, this separate residence provides outstanding flexibility and privacy. Both homes feature newer roofs, offering added peace of mind. Outdoor living ... (Read more)

Listing Details MLS# 2170639

General Property Information

Bedrooms Total: 7
Bathrooms Full: 5
Bathrooms Half: 2
Bathrooms Total: 7
Living Area: 4509
Living Area Source: Public Records
Year Built: 1989
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 1.03
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Annually
Association Name: Celebration Cove
CDD Fee YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: Yes
Garage Spaces: 4
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Frontage Feet: 100
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: West
Directions: State Road 13 South from I-295 to Fruit Cove Road. Right on Fruit Cove Road to Celebration Court on the Right.
Public Remarks: Discover an extraordinary blend of luxury, modern sophistication, and timeless Old Florida charm in this exceptional riverfront estate in desirable Fruit Cove. Completely remodeled from top to bottom, this remarkable property offers 4,509 combined square feet of living space between the main residence and separate guest house, with premium upgrades, exceptional entertaining spaces, and an enviable waterfront lifestyle. The main residence features five bedrooms and 3.5 bathrooms, complemented by gorgeous white oak floors, high-end lighting, beautifully renovated bathrooms, and a stunning, thoughtfully appointed kitchen. Designed for both everyday living and entertaining, the kitchen features three ovens, including a gas range oven, and a large double wine cooler. Additional enhancements include newer HVAC systems, a water softener, and a sophisticated water filtration system. A spacious three-car garage provides ample room for vehicles and storage.
List Price/SqFt: 709.69

Property Features

Architectural Style: Multi Generational; Traditional Levels: One and One Half Accessibility Features: Standby Generator Accessory Dwelling Information: Other Property Condition: Updated/Remodeled Rental Restrictions: Other Appliances: Convection Oven; Dishwasher; Disposal; Double Oven; Dryer; Electric Oven; Gas Oven; Gas Range; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer; Washer/Dryer Stacked; Water Softener Owned; Wine Cooler Fireplace Features: Electric; Wood Burning; Other Interior Features: Breakfast Bar; Built-in Features; Butler Pantry; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Guest Suite; His and Hers Closets; In-Law Floorplan; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Smart Home; Smart Thermostat; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Laminate; Wood Laundry Features: Lower Level; Sink Utilities: Cable Available; Electricity Available; Propane Cooling: Central Air; Electric; Multi Units Heating: Central; Electric Water Source: Private; Well Sewer: Septic Tank Smart Home Features: Locks; Programmable Thermostat; Security Construction Materials: Brick Veneer Other Structures: Guest House; Outdoor Kitchen Exterior Features: Boat Lift; Dock; Fire Pit; Impact Windows; Outdoor Kitchen; Outdoor Shower; Storm Shutters Patio And Porch Features: Deck Roof: Shingle Parking Features: Additional Parking; Circular Driveway; Garage; Garage Door Opener; Guest; RV Access/Parking; Other Lot Features: Cul-De-Sac; Dead End Street; Sprinklers In Front; Sprinklers In Rear View: River Water Body Access Type: Navigable; Owned Waterfront Features: River Front Fencing: Back Yard; Fenced; Full; Privacy; Vinyl; Wrought Iron Current Use: Single Family Road Frontage Type: Private Road Road Surface Type: Concrete Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan