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.

1223 ZEPHYR Way S, Jacksonville Beach, FL 32250 (MLS# 1164401)

1223 ZEPHYR Way S, Jacksonville Beach, FL 32250

$600,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,609 Status: Closed

Current Price: $600,000 List Date: 4/20/2022 Last Modified: 9/10/2026

Overview

Description

Come see this Jax Beach gem in the desirable Riptide neighborhood! New roof in 2019, newly painted exterior and interior, updated kitchen and much more. This beautiful home boasts 3 spacious bedrooms plus bonus room/office with a huge open deck overlooking the backyard. Fully updated kitchen with new countertops and beautiful backsplash. The family room boasts an upgraded, eye-catching fireplace and overlooks the fenced in backyard. Home also features new light fixtures throughout, screened in lanai, upgraded owners' bath and guest bath. This home is a must see!

Listing Details MLS# 1164401

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1609
Living Area Source: Public Records
Year Built: 1989
Association YN: Yes
Association Fee: 400
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: East on JTB to South Beach Parkway, Left at light, left into Rip Tide Blvd. turn Left onto Pintail Drive South, Right on Zephyr Wy South home is on the right.
Public Remarks: Come see this Jax Beach gem in the desirable Riptide neighborhood! New roof in 2019, newly painted exterior and interior, updated kitchen and much more. This beautiful home boasts 3 spacious bedrooms plus bonus room/office with a huge open deck overlooking the backyard. Fully updated kitchen with new countertops and beautiful backsplash. The family room boasts an upgraded, eye-catching fireplace and overlooks the fenced in backyard. Home also features new light fixtures throughout, screened in lanai, upgraded owners' bath and guest bath. This home is a must see!
List Price/SqFt: 357.36
Sold Price/SqFt: 372.9

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Brick Veneer; Frame Patio And Porch Features: Deck; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential; Single Family Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-04-20

Location Tax and Legal

Street Number: 1223
Street Name: ZEPHYR
Street Suffix: Way
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 214-Jacksonville Beach-SW
Subdivision Name: Riptide

Status Change Information

Major Change Timestamp: 2022-06-09T12:25:39Z
Major Change Type: Status Change
Purchase Contract Date: 2022-05-23
Close Date: 2022-06-01
Close Price: 600000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, 1031 Exchange Possible Financing: Y

Room Information

Room Name
Family Room
Office

Documents

Homeowners Association Disclosure ›

Listing Office: HERRON REAL ESTATE LLC

Last Updated: September - 10 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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