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 TORTOLA Way, St. Johns, FL 32259 (MLS# 1239150)

121 TORTOLA Way, St. Johns, FL 32259

$1,049,900

Virtual Tour

https://my.matterport.com/show/?m=QxATQoscMsP&brand=0

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,168 Status: Closed

Current Price: $1,049,900 List Date: 2/29/2024 Last Modified: 7/16/2026

Overview

Description

Gorgeous Dreamfinders Model Montauk II situated on a premium lot in Exclusive Seaside Estates in Beachwalk Over 3600 sq. ft. of spacious upscale living. 5BR/4.5 BA with gourmet kitchen, quartzite countertops, gas appliances, large walk-in pantry, butler's pantry, wine closet, built in cabinetry and buffet area. Separate Bonus room upstairs plumbed for a wet bar and a one bedroom ensuite. Three car garage and mud room. Owner's suite with sitting area, oversized closet, double vanities, extra large shower and soaking tub. Covered lanai with views of the pond. This home has only been lived in for a few months. Over $273,000 in options, see attached for more specifics. This is a great home for entertaining or if you work from home you'll have plenty of areas for private workspace.

Listing Details MLS# 1239150

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4168
Living Area Source: Plans
Year Built: 2022
Association YN: Yes
Association Fee: 289
Association Fee Frequency: Quarterly
Association Fee 2: 1000
CDD Fee YN: Yes
CDD Fee Amount: 4389
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Directions: From I-95 N to exit 329, R onto CR 210, Left on Beachwalk Blvd, to R on Topside Dr.to R on Tortola, property on left
Public Remarks: Gorgeous Dreamfinders Model Montauk II situated on a premium lot in Exclusive Seaside Estates in Beachwalk Over 3600 sq. ft. of spacious upscale living. 5BR/4.5 BA with gourmet kitchen, quartzite countertops, gas appliances, large walk-in pantry, butler's pantry, wine closet, built in cabinetry and buffet area. Separate Bonus room upstairs plumbed for a wet bar and a one bedroom ensuite. Three car garage and mud room. Owner's suite with sitting area, oversized closet, double vanities, extra large shower and soaking tub. Covered lanai with views of the pond. This home has only been lived in for a few months. Over $273,000 in options, see attached for more specifics. This is a great home for entertaining or if you work from home you'll have plenty of areas for private workspace.
List Price/SqFt: 251.9
Sold Price/SqFt: 251.9

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Gas Cooktop; Gas Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Built-in Features; Butler Pantry; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s); Wet Bar Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement Patio And Porch Features: Covered; Patio; Porch Pool Features: None Roof: Shingle Parking Features: Garage Door Opener Water Body Access Type: Community Waterfront Features: Pond Current Use: Residential Association Amenities: Basketball Court; Car Wash Area; Community Pool; Fitness Center; Jogging Path; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-07-19

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2024-02-29T22:37:25Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-14T19:32:56Z
Purchase Contract Date: 2024-01-15
Close Date: 2024-02-29
Close Price: 1049900

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Club Amenities-Nature Trails: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Down-Draft Cook top: Y
Public Historical Remarks 3: Occupant Type: Occupied - Lockbox, See ShowingAssist