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.

120 CRANES LAKE Drive, Ponte Vedra Beach, FL 32082 (MLS# 2120205)

120 CRANES LAKE Drive, Ponte Vedra Beach, FL 32082

$325,900

Virtual Tour

https://youtu.be/T-75jwsTK3k

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,139 Status: Closed

Current Price: $325,900 List Date: 2/01/2026 Last Modified: 9/10/2026

Overview

Description

Welcome home to this heavily upgraded condo in Ponte Vedra Beach with expansive screened-in lanai balcony overlooking the water! This spacious 2 bedroom/2 full bathroom condo offers tons of upgrades. Recent renovations include new HVAC (2024), entire kitchen remodel with new cabinets, beautiful marble countertops, stainless steel appliances. Updated hardwood floor throughout, wainscoting in main living areas, remodeled fireplace, marble counters in bathrooms, updated light fixtures throughout, newer interior doors, newer storm door, updated fixtures in bathrooms. This condo offers a split floorpan with relaxing water views from main living areas and primary bedroom. The kitchen is remodeled and updated with beautiful white cabinetry with white marble countertops and stainless steel appliances with recessed lighting to further brighten the space. The kitchen offers a pass through window to the dining area that opens to the living room.

Supplements: The beautifully decorated wainscoting walls add to the luxurious feel of the room. The living room opens up to the massive screened-in lanai that overlooks the peaceful water views. The extended balcony offers additional living space/outdoor living space. The primary bedroom, with its own separate access to the balcony, is spacious with tons of nat ... (Read more)

Listing Details MLS# 2120205

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1139
Living Area Source: Public Records
Year Built: 1983
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 475
Association Fee Frequency: Monthly
Association Name: First Coast Management
Association Phone: 904-717-9223
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Stories Total: 2
Entry Level: 2
Senior Community YN: No
Directions: From A1A, turn right on to Ponte Vedra Lakes Blvd, take left at first 4 way stop, then take first right. Unit will be non the left
Public Remarks: Welcome home to this heavily upgraded condo in Ponte Vedra Beach with expansive screened-in lanai balcony overlooking the water! This spacious 2 bedroom/2 full bathroom condo offers tons of upgrades. Recent renovations include new HVAC (2024), entire kitchen remodel with new cabinets, beautiful marble countertops, stainless steel appliances. Updated hardwood floor throughout, wainscoting in main living areas, remodeled fireplace, marble counters in bathrooms, updated light fixtures throughout, newer interior doors, newer storm door, updated fixtures in bathrooms. This condo offers a split floorpan with relaxing water views from main living areas and primary bedroom. The kitchen is remodeled and updated with beautiful white cabinetry with white marble countertops and stainless steel appliances with recessed lighting to further brighten the space. The kitchen offers a pass through window to the dining area that opens to the living room.
List Price/SqFt: 303.69
Sold Price/SqFt: 286.13

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Wood Utilities: Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Patio And Porch Features: Covered; Screened Parking Features: Assigned; Guest; Parking Lot View: Water Waterfront Features: Lagoon; Pond Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Maintenance Grounds; Management - Off Site; Tennis Court(s); Trash; Water Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure Road Surface Type: Asphalt Possession: Subject To Tenant Rights Listing Terms: Cash; Conventional; FHA; VA Loan