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.

1201 1ST Street 1101, Jacksonville Beach, FL 32250 (MLS# 1107741)

1201 1ST Street 1101, Jacksonville Beach, FL 32250

$1,700,000

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,525 Status: Closed

Current Price: $1,700,000 List Date: 4/30/2021 Last Modified: 2/08/2025

Overview

Description

Incredible oceanfront living in north Jacksonville Beach. This 11th floor corner condo located in the highly desired Acquilius II building, features an open kitchen to main living floorpan that has wonderful north eastwardly light. The large balcony has an entrance from the living area and owners suite. In the morning wake up to fabulous sunrises and the sound of the ocean. 2 walk-in closets have great storage and shelving. The owner's bath has a separate stand up shower and a jetted tub. The other 2 ensuite bedrooms are located towards the entrance of the condo and a half bath near the living area for guests. This condo also comes with TWO GARAGES and an extra wide uncovered space! Acquilius II has some of the best amenities of all the beaches condos. Come see this incredible unit today!

Listing Details MLS# 1107741

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2525
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee Frequency: One Time
Association Fee 2: 800
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Stories: Yes
Stories Total: 12
Directions: Head north on 3rd St from Beach Blvd. Turn right on 12th Ave N. Condo property will be on the right. Enter gate from 12th Ave N.
Public Remarks: Incredible oceanfront living in north Jacksonville Beach. This 11th floor corner condo located in the highly desired Acquilius II building, features an open kitchen to main living floorpan that has wonderful north eastwardly light. The large balcony has an entrance from the living area and owners suite. In the morning wake up to fabulous sunrises and the sound of the ocean. 2 walk-in closets have great storage and shelving. The owner's bath has a separate stand up shower and a jetted tub. The other 2 ensuite bedrooms are located towards the entrance of the condo and a half bath near the living area for guests. This condo also comes with TWO GARAGES and an extra wide uncovered space! Acquilius II has some of the best amenities of all the beaches condos. Come see this incredible unit today!
List Price/SqFt: 613.86
Sold Price/SqFt: 673.27

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Gas Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Green Energy Efficient: Windows Security Features: Fire Sprinkler System; Secured Lobby; Smoke Detector(s) Construction Materials: Stucco Exterior Features: Balcony Parking Features: Assigned; Attached; Community Structure; Garage; Garage Door Opener; Secured; Underground View: Ocean Water Body Access Type: Community Waterfront Features: Navigable Water; Ocean Front Current Use: Multi-Family; Residential Association Amenities: Beach Access; Community Pool; Fitness Center; Management - Full Time; Spa/Hot Tub Association Fee Includes: Insurance; Maintenance Grounds; Security; Sewer; Trash; Water Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2021-04-30

Location Tax and Legal

Street Number: 1201
Street Name: 1ST
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 211-Jacksonville Beach-NE
Subdivision Name: Acquilus Ii

Status Change Information

Major Change Timestamp: 2021-05-20T15:06:16Z
Major Change Type: Status Change
Purchase Contract Date: 2021-05-17
Close Date: 2021-05-19
Close Price: 1700000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Unit Location-11th - 20th Story: Y, Utilities-Common Sewer: Y, Condo Restrictions-See Condo Docs: Y, Bath-Owner Bath W/Whirlpool: Y, Interior aMENITIES-Prewired Audio: Y, Self Cleaning Oven: Y, Parking Facilities-Keypad Entry: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Utilities-Common Water: Y, Utilities-Common Gas: Y, Dining-Living/Dining Combo: Y, Condo Restrictions-Governed Covenants/Restrictions: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Oversize Garage/Storage: Y, Trash Chute: Y

Room Information

Room Name
Utility Room

Documents

Floorpan ›

upgrades ›

Listing Office: HOUSE & HAVEN

Last Updated: February - 08 - 2025

Information deemed reliable but not guaranteed.