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.

125 CYPRESS BAY Drive, Ponte Vedra, FL 32081 (MLS# 1054704)

125 CYPRESS BAY Drive, Ponte Vedra, FL 32081

$305,000

Virtual Tour

https://app.eastcoastvtours.com/125-cypress-bay-dr-ponte-vedra-beach-42016/unbranded

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,437 Status: Closed

Current Price: $305,000 List Date: 5/22/2020 Last Modified: 1/31/2025

Overview

Description

Enjoy the best of Del Webb living AND sweeping lake to preserve views in this 3 bdrm, 2 bath Pine Spring floor plan. Brand new painted exterior! A spacious kitchen w/gas cooking, newer stainless fridge, double sinks & granite counter tops! Host family dinners in the joint living/dining area that has hardwood floors throughout & enjoy music thru out the home with a pre-wired speaker system. This home has it all including a hide away screened front door and screened garage door to enjoy the fall bug free. In the hot summer months relax in the air conditioned Florida Room or work in the cooled 2 car garage space. If you prefer open air, step out onto your extended paver lanai and enjoy the views from your private landscaped oasis. You will not be disappointed, schedule your showing today!

Listing Details MLS# 1054704

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1437
Living Area Source: Public Records
Year Built: 2012
Association YN: Yes
Association Fee: 182.5
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1260.96
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: Yes
Directions: 95 to St Aug Rd E. R on US-1 to Nocatee flyover. Nocatee Town Center exit. R onto Crosswater Parkway. L into DWPV development. Check in at Guard Booth. R onto River Run. L onto Cypress Bay Drive
Public Remarks: Enjoy the best of Del Webb living AND sweeping lake to preserve views in this 3 bdrm, 2 bath Pine Spring floor plan. Brand new painted exterior! A spacious kitchen w/gas cooking, newer stainless fridge, double sinks & granite counter tops! Host family dinners in the joint living/dining area that has hardwood floors throughout & enjoy music thru out the home with a pre-wired speaker system. This home has it all including a hide away screened front door and screened garage door to enjoy the fall bug free. In the hot summer months relax in the air conditioned Florida Room or work in the cooled 2 car garage space. If you prefer open air, step out onto your extended paver lanai and enjoy the views from your private landscaped oasis. You will not be disappointed, schedule your showing today!
List Price/SqFt: 219.21
Sold Price/SqFt: 212.25

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch; Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator; Water Softener Owned Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Natural Gas Available; Other Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Doors Security Features: 24 Hour Security; Smoke Detector(s) Construction Materials: Frame; Stucco Other Structures: Workshop Patio And Porch Features: Porch; Screened Pool Features: Heated Roof: Shingle Parking Features: Additional Parking; Attached; Garage View: Protected Preserve; Water Waterfront Features: Pond Fencing: Back Yard; Other Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Fitness Center; Jogging Path; Laundry; 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: 2020-05-22

Location Tax and Legal

Street Number: 125
Street Name: CYPRESS BAY
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Del Webb Ponte Vedra

Status Change Information

Major Change Timestamp: 2023-11-14T10:20:59Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-06-05T12:50:14Z
Purchase Contract Date: 2020-07-07
Close Date: 2020-07-20
Close Price: 305000

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Utilities-Separate Irrigation Meter: Y, Dining-Kitchen/Family Combo: Y, Club Amenities-Nature Trails: Y, Club Amenities-Game Room: Y, Interior Amenities-Window Treatment(s): Y, Interior Amenities-Tinted Window(s): Y, Self Cleaning Oven: Y, Aluminum Fencing: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Structure Slab: Y

More Information

Room Information

Room Name
Florida Room
Office
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: January - 31 - 2025

Information deemed reliable but not guaranteed.