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 CUELLO Court 201, Ponte Vedra Beach, FL 32082 (MLS# 2040738)

120 CUELLO Court 201, Ponte Vedra Beach, FL 32082

$955,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,929 Status: Closed

Current Price: $955,000 List Date: 8/03/2024 Last Modified: 3/07/2025

Overview

Description

Looking for luxury, low maintenance living close to the beach in Ponte Vedra? You'll find it in this 2900 sq ft, 3 bedroom, 3 full bath Mediterra condominium. Just two blocks from the Micklers Landing beach access — you can actually hear the waves in the evening! This second story unit has a private elevator in the attached 2 car garage, making it easy to bring your groceries right into the the kitchen! The fabulous gourmet kitchen is equipped with granite counters, luxury stainless appliances, tile backsplash and custom cabinetry. The condo's open floor plan has high ceilings, lovely molding and big windows with tons of natural light. This super flexible floorplan offers a gas fireplace and tremendous living space for entertaining, dining and working from home. The primary bedroom is spacious with a seating area, two walk-in closets with custom built-ins, an elegant bathroom featuring separate sinks, walk-in shower and soaking tub.

Supplements: The other two large bedrooms feature luxury carpeting and walk-in custom closets. This unit also has a full laundry room and extra storage in the garage. You'll enjoy the private outdoor living spaces on the upstairs balcony and downstairs patio, both with serene views of the pond. This condo lives like a single family home, with none of the mainte ... (Read more)

Listing Details MLS# 2040738

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2929
Living Area Source: Public Records
Year Built: 2006
Accessory Dwelling Unit Y/N: Yes
Association YN: Yes
Association Fee: 850
Association Fee Frequency: Monthly
Association Name: May Management
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
Stories: 2
Stories Total: 2
Entry Level: 2
Senior Community YN: No
Directions: From JTB , take A1A South to Mickler Road. Turn Right, 1/4 mile on right is Meditierra.
Public Remarks: Looking for luxury, low maintenance living close to the beach in Ponte Vedra? You'll find it in this 2900 sq ft, 3 bedroom, 3 full bath Mediterra condominium. Just two blocks from the Micklers Landing beach access — you can actually hear the waves in the evening! This second story unit has a private elevator in the attached 2 car garage, making it easy to bring your groceries right into the the kitchen! The fabulous gourmet kitchen is equipped with granite counters, luxury stainless appliances, tile backsplash and custom cabinetry. The condo's open floor plan has high ceilings, lovely molding and big windows with tons of natural light. This super flexible floorplan offers a gas fireplace and tremendous living space for entertaining, dining and working from home. The primary bedroom is spacious with a seating area, two walk-in closets with custom built-ins, an elegant bathroom featuring separate sinks, walk-in shower and soaking tub.
List Price/SqFt: 338
Sold Price/SqFt: 326.05

Property Features

Architectural Style: Traditional Levels: One Rental Restrictions: Other Appliances: Dishwasher; Dryer; Gas Cooktop; Microwave; Refrigerator; Washer Fireplace Features: Gas Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Central Vacuum; Elevator; Entrance Foyer; His and Hers Closets; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: In Unit Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Exterior Features: Balcony Pool Features: None Parking Features: Additional Parking; Garage; On Street Lot Features: Cul-De-Sac View: Protected Preserve Current Use: Residential Association Amenities: Management - Full Time; Trash Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan Contingency Reason: Inspection