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.

132 MAHOGANY BAY Drive, St. Johns, FL 32259 (MLS# 1228914)

132 MAHOGANY BAY Drive, St. Johns, FL 32259

$505,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,874 Status: Closed

Current Price: $505,000 List Date: 5/25/2023 Last Modified: 8/24/2026

Overview

Description

This gorgeous two-story home is located in the heart of Aberdeen one of the most desirable areas in St Johns County. This home has been recently renovated, it features a formal dining area, formal living space, spacious loft and a big backyard. The primary suite is a luxurious retreat that you'll love, It is walking distance from FCA School, local restaurants, daycare, you name it.

Listing Details MLS# 1228914

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2874
Living Area Source: Public Records
Year Built: 2007
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
Association Name: Aberdeen Owners Asso
CDD Fee YN: Yes
CDD Fee Amount: 2162
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From CR 210 north on CR 2209. Left on Long Leaf Pine Parkway to right on Mahogany Bay Drive.
Public Remarks: This gorgeous two-story home is located in the heart of Aberdeen one of the most desirable areas in St Johns County. This home has been recently renovated, it features a formal dining area, formal living space, spacious loft and a big backyard. The primary suite is a luxurious retreat that you'll love, It is walking distance from FCA School, local restaurants, daycare, you name it.
List Price/SqFt: 182.64
Sold Price/SqFt: 175.71

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Kitchen Island; Primary Bathroom -Tub with Separate Shower; Split Bedrooms Flooring: Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Dishwasher; Refrigerator; Smoke Detector Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Additional Parking Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Playground; Tennis Court(s) Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-05-23

Location Tax and Legal

Street Number: 132
Street Name: MAHOGANY BAY
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2023-09-07T18:48:25Z
Major Change Type: Status Change
Purchase Contract Date: 2023-07-01
Close Date: 2023-07-11
Close Price: 505000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Structure Builder: D.R. Horton
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Living Room
Loft

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE

Last Updated: August - 24 - 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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