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.

123 ARROWWOOD Drive, St. Johns, FL 32259 (MLS# 2024035)

123 ARROWWOOD Drive, St. Johns, FL 32259

$720,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,043 Status: Closed

Current Price: $720,000 List Date: 3/07/2025 Last Modified: 2/25/2026

Overview

Description

Welcome to the Macaw—an elegantly designed cul-de-sac townhome by Toll Brothers, offering breathtaking St. Johns River views and unmatched tranquility. Nestled just steps from scenic walking trails and a future dock, this home blends natural beauty with thoughtful design. From the moment you enter, soaring vaulted ceilings and elegant lighting set a warm, inviting tone. The chef-inspired kitchen features upgraded countertops, modern cabinetry, and a designer backsplash, which flows seamlessly into the two-story dining area and spacious great room—all framed by stunning river views. Upstairs, enjoy a versatile open loft, two generously sized bedrooms, and a beautifully appointed dual-vanity bath. Whether you're entertaining or unwinding, every space is crafted to elevate your lifestyle. Homes like this rarely come along—schedule your private tour today and make the Macaw your own before it's gone!

Listing Details MLS# 2024035

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2043
Living Area Source: Builder
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Association Fee: 325
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 800
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-10-31
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: From Mandarin and Greenbriar Rd, take SR 13 south, go through both Rivertown roundabouts, then gated entry is on the right, from 210/16A, turn right onto SR 13 at Woodpeckers, gated entry is 1/4 mile on the left
Public Remarks: Welcome to the Macaw—an elegantly designed cul-de-sac townhome by Toll Brothers, offering breathtaking St. Johns River views and unmatched tranquility. Nestled just steps from scenic walking trails and a future dock, this home blends natural beauty with thoughtful design. From the moment you enter, soaring vaulted ceilings and elegant lighting set a warm, inviting tone. The chef-inspired kitchen features upgraded countertops, modern cabinetry, and a designer backsplash, which flows seamlessly into the two-story dining area and spacious great room—all framed by stunning river views. Upstairs, enjoy a versatile open loft, two generously sized bedrooms, and a beautifully appointed dual-vanity bath. Whether you're entertaining or unwinding, every space is crafted to elevate your lifestyle. Homes like this rarely come along—schedule your private tour today and make the Macaw your own before it's gone!
List Price/SqFt: 372
Sold Price/SqFt: 352.42

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Under Construction Rental Restrictions: 1 Year Appliances: Convection Oven; Dishwasher; Disposal; Electric Oven; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood; Other Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Lower Level; Sink Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Split System; Zoned Heating: Central; Electric; Heat Pump; Zoned Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Security Features: Carbon Monoxide Detector(s); Fire Sprinkler System; Firewall(s); Security Gate; Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear View: Pond; River Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Maintenance Grounds; Maintenance Structure; Management - Full Time; Park; Playground; Tennis Court(s); Other Association Fee Includes: Maintenance Grounds Road Frontage Type: Private Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2024-05-05

Location Tax and Legal

Street Number: 123
Street Name: ARROWWOOD
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Shores

Status Change Information

Major Change Timestamp: 2026-02-25T20:30:20Z
Major Change Type: Status Change
Price Change Timestamp: 2025-02-27T16:11:39Z
Purchase Contract Date: 2025-05-02
Close Date: 2025-06-24
Close Price: 720000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: February - 25 - 2026

Information deemed reliable but not guaranteed.