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.

121 PINETA Way, St. Johns, FL 32259 (MLS# 2123087)

121 PINETA Way, St. Johns, FL 32259

$1,200,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,261 Lot Size (sq. ft.): 20,473 Status: Closed

Current Price: $1,200,000 List Date: 1/01/2026 Last Modified: 4/03/2026

Overview

Description

Nestled at the end of a private cul-de-sac on a rare 0.50-acre lot, this is one of the most coveted and expansive lots in all of Durbin Crossing. This 6BR/5BA estate is wrapped by a serene pond and protected wooded preserve on both sides- offering true unparalleled privacy. Inside spans over 4,000 square feet of living space, offering a rare blend of grand-scale entertaining and intimate family comfort. The fully remodeled kitchen offers a one of a kind farmhouse copper sink with a Touch2O purified hot water dispenser within the 9+ foot island, serving as the kitchen's centerpiece. The kitchen opens directly to the great room, featuring soaring floor-to-ceiling windows and French doors to frame waterfront views. The immaculate 12 foot tall coffered ceiling with triple-crown molding hangs above a 42-inch stacked-stone gas fireplace. The fireplace is flanked by custom built-ins that offer both beautiful exposed shelving and functional cabinet storage.Transition to the formal dining

Supplements: room + sitting room through a sophisticated butler's pantry equipped with glass-front cabinetry and a built-in 2-zone mini fridge. The primary wing has been transformed into a sanctuary of relaxation, featuring a fully remodeled master bathroom boasting a freestanding soaking tub, quartz-topped vanities, and a frameless walk-in shower with dual hea ... (Read more)

Listing Details MLS# 2123087

General Property Information

Bedrooms Total: 6
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4076
Living Area Source: Appraiser
Building Area Total: 5261
Year Built: 2013
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.47
Association YN: Yes
Association Fee: 67
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3887.88
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Senior Community YN: No
Directions: From St. Johns Pkwy, head West on Longleaf Pine, Turn Right on North Durbin, Right on Wellwood, right on Telford, left on Pineta. The home is at the end of the cul de sac.
Public Remarks: Nestled at the end of a private cul-de-sac on a rare 0.50-acre lot, this is one of the most coveted and expansive lots in all of Durbin Crossing. This 6BR/5BA estate is wrapped by a serene pond and protected wooded preserve on both sides- offering true unparalleled privacy. Inside spans over 4,000 square feet of living space, offering a rare blend of grand-scale entertaining and intimate family comfort. The fully remodeled kitchen offers a one of a kind farmhouse copper sink with a Touch2O purified hot water dispenser within the 9+ foot island, serving as the kitchen's centerpiece. The kitchen opens directly to the great room, featuring soaring floor-to-ceiling windows and French doors to frame waterfront views. The immaculate 12 foot tall coffered ceiling with triple-crown molding hangs above a 42-inch stacked-stone gas fireplace. The fireplace is flanked by custom built-ins that offer both beautiful exposed shelving and functional cabinet storage.Transition to the formal dining
List Price/SqFt: 306.67
Sold Price/SqFt: 294.41

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Convection Oven; Dishwasher; Disposal; Double Oven; Electric Water Heater; Freezer; Gas Cooktop; Ice Maker; Instant Hot Water; Microwave; Refrigerator; Water Softener Owned Fireplace Features: Gas Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Butler Pantry; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Guest Suite; Jack and Jill Bath; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Smart Home; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Wood Laundry Features: In Unit; Lower Level Utilities: Cable Available; Electricity Connected; Propane Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Entertainment; Lighting; Programmable Thermostat Security Features: Security System Owned Construction Materials: Stucco Pool Features: In Ground; Electric Heat; Fenced; Gas Heat; Heated; Pool Sweep; Salt Water; Waterfall Spa Features: Heated; In Ground; Private Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener; Off Street Lot Features: Cul-De-Sac; Wooded View: Pond; Pool; Protected Preserve; Trees/Woods; Water Waterfront Features: Pond Fencing: Back Yard; Fenced Current Use: Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Gated; Maintenance Grounds; Park; Pickleball; Playground; Tennis Court(s) Community Features: Curbs; Sidewalks Possession: Negotiable Listing Terms: Cash; FHA; VA Loan Contingency Reason: Financing; Inspection Room Types: Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2026-01-01

Location Tax and Legal

Street Number: 121
Street Name: PINETA
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2026-03-17T18:57:54Z
Major Change Type: Status Change
Purchase Contract Date: 2026-01-25
Close Date: 2026-03-16
Close Price: 1200000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Room Types

Primary Bedroom Level: First

Room Information

Room Name	Level	Length	Width
Primary Bedroom	First	1511.00	175.00

Documents

Offer Instructions ›

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: April - 03 - 2026

Information deemed reliable but not guaranteed.