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.

128 ZEPHYR Drive, St. Johns, FL 32259 (MLS# 2005573)

128 ZEPHYR Drive, St. Johns, FL 32259

$573,590

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,145 Status: Closed

Current Price: $573,590 List Date: 1/26/2024 Last Modified: 8/03/2026

Overview

Description

Toll Brothers New Construction. Breathtaking Two Story Oversized Foyer! Grey plank tile in great room, dining and kitchen. downstairs. Kitchen island and countertops are quartz with white cabinets to ceiling. The additional office and powder room offer spacious living downstairs, Gourmet features. The oak stairs have open railing to the loft and upstairs bedrooms Luxury bathrooms. The Primary Bedroom features a spa like bathroom with tiled shower to ceiling, oversized dual sink counter large linen closet and water closet. This bedroom has large windows and two walk in closets. The secondary and third bedrooms are a comfortable size and the bathroom has dual sinks. Pavers enhance the driveway, entry and covered lanai with a triple slider that adds light in the great room. This gated community is located on the St. Johns River and offers direct access to the RiverTown Clubhouse via a gated golf cart path. Come and enjoy the river life!

Listing Details MLS# 2005573

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2145
Living Area Source: Builder
Year Built: 2024
Lot Size Dimensions: 40x120
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
Association Fee 2: 1200
Association Fee 2 Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1000
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-04-01
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
Senior Community YN: No
Direction Faces: Southwest
Directions: From Racetrack Road and Greenbriar, turn south on State Road 13. Pass second round about at Rivertown, then turn right into community. From 210, continue south on 210 and then CR 16, turn right at Woodpeckers BBQ onto SR 13, community entrance is 1/4 mile on left.
Public Remarks: Toll Brothers New Construction. Breathtaking Two Story Oversized Foyer! Grey plank tile in great room, dining and kitchen. downstairs. Kitchen island and countertops are quartz with white cabinets to ceiling. The additional office and powder room offer spacious living downstairs, Gourmet features. The oak stairs have open railing to the loft and upstairs bedrooms Luxury bathrooms. The Primary Bedroom features a spa like bathroom with tiled shower to ceiling, oversized dual sink counter large linen closet and water closet. This bedroom has large windows and two walk in closets. The secondary and third bedrooms are a comfortable size and the bathroom has dual sinks. Pavers enhance the driveway, entry and covered lanai with a triple slider that adds light in the great room. This gated community is located on the St. Johns River and offers direct access to the RiverTown Clubhouse via a gated golf cart path. Come and enjoy the river life!
List Price/SqFt: 275.05
Sold Price/SqFt: 267.41

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Under Construction Appliances: Convection Oven; Dishwasher; Disposal; Electric Oven; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Sink; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Zoned Heating: Central; Electric; Zoned Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Security Features: Carbon Monoxide Detector(s); Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement Patio And Porch Features: Covered; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Protected Preserve; Trees/Woods Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Park; Playground; Tennis Court(s) 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: Single Family Residence
Listing Contract Date: 2024-01-26

Location Tax and Legal

Street Number: 128
Street Name: ZEPHYR
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: 2025-02-01T21:36:07Z
Major Change Type: Status Change
Price Change Timestamp: 2024-05-04T21:03:44Z
Purchase Contract Date: 2024-06-21
Close Date: 2024-06-24
Close Price: 573590

DPR Eligible

DPR Eligible: No

More Information

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: August - 03 - 2026

Information deemed reliable but not guaranteed.