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.

116 ARROWWOOD Drive, St. Johns, FL 32259 (MLS# 2024041)

116 ARROWWOOD Drive, St. Johns, FL 32259

$549,000

Virtual Tour

https://www.insidemaps.com/app/walkthrough-v2/?propertyId=U2aH9EcERw&projectId=lWy0ZBraFX

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Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,043 Status: Closed

Current Price: $549,000 List Date: 8/10/2025 Last Modified: 5/06/2026

Overview

Description

Must‑see Toll Brothers home in RiverTown's only gated section—READY NOW! Builder is offering to pay the buyer's closing costs, creating an exceptional move‑in opportunity. The grand two‑story foyer opens into a bright, open‑concept living area with soaring ceilings and luxury finishes. The first‑floor primary suite offers a spa‑like bath and a spacious walk‑in closet. Upstairs, a versatile loft is perfect for an office, media room, or reading nook. Enjoy peaceful preserve views and the tranquility of living along the St. Johns River. A beautiful, move‑in‑ready home with unbeatable incentives—don't miss it!

Listing Details MLS# 2024041

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2043
Living Area Source: Builder
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 325
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 800
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-10-31
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: From Mandarin and Greenbriar Rd, take SR 13 south, go through both Rivertown roundabouts, then gated entry is on the right, from 210/16A, turn right onto SR 13 at Woodpeckers, gated entry is 1/4 mile on the left
Public Remarks: Must‑see Toll Brothers home in RiverTown's only gated section—READY NOW! Builder is offering to pay the buyer's closing costs, creating an exceptional move‑in opportunity. The grand two‑story foyer opens into a bright, open‑concept living area with soaring ceilings and luxury finishes. The first‑floor primary suite offers a spa‑like bath and a spacious walk‑in closet. Upstairs, a versatile loft is perfect for an office, media room, or reading nook. Enjoy peaceful preserve views and the tranquility of living along the St. Johns River. A beautiful, move‑in‑ready home with unbeatable incentives—don't miss it!
List Price/SqFt: 273.62
Sold Price/SqFt: 268.72

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Under Construction Rental Restrictions: 1 Year Appliances: Convection Oven; Dishwasher; Disposal; Electric Oven; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood; Other Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Lower Level; Sink; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected Cooling: Central Air; Split System; Zoned Heating: Central; Electric; Heat Pump; Zoned Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac; Many Trees; Sprinklers In Front; Sprinklers In Rear View: Protected Preserve; River Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Maintenance Grounds; Maintenance Structure; Management - Full Time; Park; Playground; Tennis Court(s) Association Fee Includes: Maintenance Grounds; Other Road Frontage Type: Private Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2024-05-05

Location Tax and Legal

Street Number: 116
Street Name: ARROWWOOD
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Shores

Status Change Information

Major Change Timestamp: 2026-05-06T21:12:08Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-21T15:56:35Z
Purchase Contract Date: 2026-02-10
Close Date: 2026-04-24
Close Price: 549000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: May - 06 - 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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