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.

1224 RIVER Road, Orange Park, FL 32073 (MLS# 1258492)

1224 RIVER Road, Orange Park, FL 32073

$1,100,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,514 Status: Closed

Current Price: $1,100,000 List Date: 2/01/2024 Last Modified: 1/05/2026

Overview

Description

Price adjusted to sell! ESTATE HOME WITH GUEST HOUSE ON SAINT JOHNS RIVER. Rare opportunity to own a home on St. Johns River with a guest house and possible rights to build a pier/dock. This 4794 sq ft home features 5 bedrooms and 5 bathrooms with a master bedroom on level one and level two. The top floor is enormous with a master bedroom 17 ft by 27 ft. This leads to the 56 foot deck overlooking the St Johns River. This is one of the widest points of the St Johns River with 3 miles to the opposite side. The sun rises directly across from your front door giving you the most amazing sun rises in all of Florida. In the hot summertime you will experience temperatures as much as 10 degrees cooler as the breeze from the river blows directly towards your new home making sitting out on your 56 foot front porch a pleasure. The guest house is a huge bonus for extended family or guests coming to visit. The guest house is a studio apartment with its own entrance setup with a spacious

Supplements: kitchenette, bathroom with shower. The two car garage is spacious with an additional workshop area. The long driveway is set up so guests can park off to the side while everyone else can get in and out. NO HOA, no hoa fee and no hoa restrictions. Bring your boat or RV. This is a highly sought after home in a higher desirable area. If you are not fa ... (Read more)

Listing Details MLS# 1258492

General Property Information

Bedrooms Total: 5
Bathrooms Full: 5
Bathrooms Total: 5
Living Area: 5514
Living Area Source: Public Records
Year Built: 1956
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: I-295 to highway 17 south, left on Blake Ave, right on River Road to house
Public Remarks: Price adjusted to sell! ESTATE HOME WITH GUEST HOUSE ON SAINT JOHNS RIVER. Rare opportunity to own a home on St. Johns River with a guest house and possible rights to build a pier/dock. This 4794 sq ft home features 5 bedrooms and 5 bathrooms with a master bedroom on level one and level two. The top floor is enormous with a master bedroom 17 ft by 27 ft. This leads to the 56 foot deck overlooking the St Johns River. This is one of the widest points of the St Johns River with 3 miles to the opposite side. The sun rises directly across from your front door giving you the most amazing sun rises in all of Florida. In the hot summertime you will experience temperatures as much as 10 degrees cooler as the breeze from the river blows directly towards your new home making sitting out on your 56 foot front porch a pleasure. The guest house is a huge bonus for extended family or guests coming to visit. The guest house is a studio apartment with its own entrance setup with a spacious
List Price/SqFt: 214.91
Sold Price/SqFt: 199.49

Property Features

Approx Parcel Size: .51 to 1 Acre Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Built-in Features; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Concrete; Vinyl; Wood Utilities: Cable Available Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Construction Materials: Block; Brick Veneer; Frame; Stucco Other Structures: Guest House Exterior Features: Balcony; Storm Shutters Patio And Porch Features: Front Porch Pool Features: None Roof: Shingle Parking Features: Additional Parking; Detached; Garage; RV Access/Parking Lot Features: Sprinklers In Front; Sprinklers In Rear Waterfront Features: Navigable Water; River Front Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional Room Types: Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Bonus Room; Great Room; Kitchen; Living Room; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2023-11-21

Location Tax and Legal

Street Number: 1224
Street Name: RIVER
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 133-North Orange Park
Subdivision Name: Orange Park

Status Change Information

Major Change Timestamp: 2024-04-09T17:52:28Z
Major Change Type: Status Change
Price Change Timestamp: 2024-02-05T19:14:37Z
Purchase Contract Date: 2024-03-04
Close Date: 2024-04-05
Close Price: 1100000

Fireplace Features

Fireplaces Total: 2

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y, Interior Amenities-Tinted Window(s): Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Forced Air: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-French Door(s): Y, Oversize Garage/Storage: Y
Public Historical Remarks 3: Occupant Type: Vacant, Call Listing Agent

Room Types

Bedroom 1 Level: First
Bedroom 2 Level: First
Bedroom 3 Level: First
Bedroom 4 Level: First
Bonus Room Level: Second
Great Room Level: First
Kitchen Level: First
Living Room Level: First
Primary Bedroom Level: Second

Room Information

Room Name	Level	Length	Width
Living Room	First	14.00	38.00
Kitchen	First	12.00	15.00
Great Room	First	30.00	18.00
Bedroom 1	First	14.60	19.00
Bedroom 2	First	13.00	13.00
Bedroom 3	First	13.00	11.50
Bedroom 4	First	12.60	9.60
Primary Bedroom	Second	17.00	27.00
Bonus Room	Second	17.00	28.00

Listing Office: FLORIDA LUXURY REALTY, INC

Last Updated: January - 05 - 2026

Information deemed reliable but not guaranteed.