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.

1221 S 1ST Street 7A, Jacksonville Beach, FL 32250 (MLS# 2074621)

1221 S 1ST Street 7A, Jacksonville Beach, FL 32250

$1,206,750

Virtual Tour

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Luxury Vinyl Plank Flooring, Expansive Balcony

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,468 Status: Closed

Current Price: $1,206,750 List Date: 3/08/2025 Last Modified: 8/07/2026

Overview

Description

Breathtaking Oceanfront Condo at The Waterford of Jax Beach. At construction, 2 units were combined to create this double corner unit with sweeping views of the Ocean & boasting over 2,400 square feet. Featuring 3 bedrooms, 2 full bathrooms, and a half bath, this condo is perfect for those seeking both luxury and comfort. Step outside onto the expansive oceanfront terrace, which spans over 600 square feet and provides a stunning 180-degree view of the beach. Inside, you'll find new Luxury Vinyl Plank flooring, a coastal-inspired kitchen with white wood cabinets with glass and sleek black granite countertops. The Waterford building is currently undergoing a major renovation, and the seller has already covered the large assessment, allowing the new owner to enjoy the benefits of these improvements. Ideally located in South Jax Beach, this condo is within walking distance to popular spots such as Eleven Avenue South, SoNapa Grille, Whole Foods, HomeGoods, Marshalls

Listing Details MLS# 2074621

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2468
Living Area Source: Public Records
Year Built: 1985
Homestead YN: Yes
Association YN: Yes
Association Fee: 1912.78
Association Fee Frequency: Monthly
Association Name: Waterford Condo Association
Association Phone: 904-432-1207
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Stories Total: 14
Entry Level: 7
Senior Community YN: No
Directions: East on J.Turner Butler Blvd (JTB/FL-202) to N on 3rd St (A1A) to Rt onto 13th Ave S to L on 1st Street S. The Waterford Condos will be on the Rt. Park in the empty spots.
Public Remarks: Breathtaking Oceanfront Condo at The Waterford of Jax Beach. At construction, 2 units were combined to create this double corner unit with sweeping views of the Ocean & boasting over 2,400 square feet. Featuring 3 bedrooms, 2 full bathrooms, and a half bath, this condo is perfect for those seeking both luxury and comfort. Step outside onto the expansive oceanfront terrace, which spans over 600 square feet and provides a stunning 180-degree view of the beach. Inside, you'll find new Luxury Vinyl Plank flooring, a coastal-inspired kitchen with white wood cabinets with glass and sleek black granite countertops. The Waterford building is currently undergoing a major renovation, and the seller has already covered the large assessment, allowing the new owner to enjoy the benefits of these improvements. Ideally located in South Jax Beach, this condo is within walking distance to popular spots such as Eleven Avenue South, SoNapa Grille, Whole Foods, HomeGoods, Marshalls
List Price/SqFt: 547
Sold Price/SqFt: 488.96

Property Features

Levels: One Appliances: Dishwasher; Dryer; Electric Oven; Electric Water Heater; Microwave; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Open Floorplan; Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: In Unit Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Security Features: Closed Circuit Camera(s); Entry Phone/Intercom; Fire Alarm; Fire Sprinkler System; Secured Elevator; Secured Lobby; Smoke Detector(s) Exterior Features: Balcony Parking Features: Community Structure View: Beach; Ocean Waterfront Features: Ocean Front Current Use: Multi-Family Association Amenities: Beach Access; Elevator(s); Management - On Site; Security; Service Elevator(s); Storage; Trash Association Fee Includes: Sewer; Water Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan