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.

1301 MONUMENT Road 21, Jacksonville, FL 32225 (MLS# 2146173)

1301 MONUMENT Road 21, Jacksonville, FL 32225

$2,600

Property Type: Commercial Lease Square Footage: 38,737 Lot Size (sq. ft.): 149,411 Status: Closed

Current Price: $2,600 List Date: 5/20/2026 Last Modified: 10/26/2026

Overview

Description

Prime Retail Opportunity: Turnkey Coffee Shop Space Are you ready to brew something special? We are pleased to offer a prime retail suite perfectly suited for a coffee shop or boutique café at the bustling intersection of Monument Road and Lee Road. This location offers high visibility and a built-in customer base in one of Jacksonville's most active commercial corridors. Property Highlights High-Traffic Location: Situated on a major thoroughfare with excellent street visibility and high daily vehicle counts. Plug-and-Play Potential: Previously built out for coffee shop use, significantly reducing your initial startup costs and construction timeline. Ample Parking: Easy access and plentiful parking for both quick-stop morning commuters and afternoon sit-down guests. Versatile Layout: Features an open floor plan ideal for a modern espresso bar with a service counter.

Supplements: Located just minutes from the Regency area and major residential hubs, this site serves a diverse demographic of office professionals, students, and local residents. Whether you are launching a flagship brand or expanding a local favorite, this space provides the professional canvas needed to succeed.

Listing Details MLS# 2146173

General Property Information

Number Of Units Total: Yes
Building Area Total: 38737
Accessibility Features YN: No
Year Built: 1988
Lot Size Acres: 3.43
Stories Total: Yes
Directions: From Arlington Expressway or Atlantic headed East, turn left on Monument Road. Travel under the 9A overpass and the Plaza is on the right side.
Public Remarks: Prime Retail Opportunity: Turnkey Coffee Shop Space Are you ready to brew something special? We are pleased to offer a prime retail suite perfectly suited for a coffee shop or boutique café at the bustling intersection of Monument Road and Lee Road. This location offers high visibility and a built-in customer base in one of Jacksonville's most active commercial corridors. Property Highlights High-Traffic Location: Situated on a major thoroughfare with excellent street visibility and high daily vehicle counts. Plug-and-Play Potential: Previously built out for coffee shop use, significantly reducing your initial startup costs and construction timeline. Ample Parking: Easy access and plentiful parking for both quick-stop morning commuters and afternoon sit-down guests. Versatile Layout: Features an open floor plan ideal for a modern espresso bar with a service counter.
List Price/SqFt: 0.07
Sold Price/SqFt: 0.07

Property Features

Lease Includes: Individual Unit Only Location: Shopping Center Lot Features: Other Owner Pays: Other Parking Features: Parking Lot Tenant Pays: All Utilities; Common Area Maintenance

Contract Information

Base Rent +: 1983.33
Pass Thru Per/Month =: 806.16
Base Rent Per Year: 23800
CAM YN: Yes
Listing Contract Date: 2026-05-18
Property Sub Type: Retail

Location Tax and Legal

Street Number: 1301
Street Name: MONUMENT
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 042-Ft Caroline

Status Change Information

Major Change Timestamp: 2026-10-26T18:23:49Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-09
Close Date: 2026-10-26
Close Price: 2600

Unit 1 Details

Unit ID: 21
Annual Rent: 23800
Unit SqFt: 1400
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Former Coffee Shop

More Information

Listing Office: SPECTRUM REALTY SERVICES

Last Updated: October - 26 - 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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