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.

136 MAHOGANY BAY Drive, St. Johns, FL 32259 (MLS# 2147009)

136 MAHOGANY BAY Drive, St. Johns, FL 32259

$549,990

Virtual Tour

https://www.zillow.com/view-imx/b4fe4fc4-d92c-4413-916f-a50668546f6d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,231 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $549,990 List Date: 5/25/2026 Last Modified: 7/08/2026

Overview

Description

Welcome to 136 Mahogany Bay Dr, St. Johns, FL 32259, a beautifully fully renovated home located in the highly desirable Aberdeen community! This spacious 5-bedroom, 3-bathroom home offers a functional split floor plan designed for both privacy and comfort. The fully renovated open-concept kitchen is the heart of the home, featuring updated cabinetry, new stove, oven, microwave, and a large center island perfect for entertaining, meal prep, and gathering with family and friends. Recent upgrades include a new roof (2022), fresh interior and exterior paint, fully renovated bathrooms, new flooring, modern light fixtures, and new ceiling fans throughout. This move-in ready home blends style, comfort, and functionality. Conveniently located within walking distance to top-rated schools, shopping centers, and community amenities, enjoy everything Aberdeen has to offer in one of St. Johns County's most sought-after neighborhoods. What are you waiting for? Do not miss this opportunity!

Listing Details MLS# 2147009

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2231
Living Area Source: Public Records
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.19
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2167.4
Accessibility Features YN: No
New Construction YN: No
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
Directions: Head south on FL-13 S/San Jose Blvd toward Julington Creek Rd, left onto Roberts Rd, left onto Longleaf Pine Pkwy, left onto Mahogany Bay Dr. Home on the right.
Public Remarks: Welcome to 136 Mahogany Bay Dr, St. Johns, FL 32259, a beautifully fully renovated home located in the highly desirable Aberdeen community! This spacious 5-bedroom, 3-bathroom home offers a functional split floor plan designed for both privacy and comfort. The fully renovated open-concept kitchen is the heart of the home, featuring updated cabinetry, new stove, oven, microwave, and a large center island perfect for entertaining, meal prep, and gathering with family and friends. Recent upgrades include a new roof (2022), fresh interior and exterior paint, fully renovated bathrooms, new flooring, modern light fixtures, and new ceiling fans throughout. This move-in ready home blends style, comfort, and functionality. Conveniently located within walking distance to top-rated schools, shopping centers, and community amenities, enjoy everything Aberdeen has to offer in one of St. Johns County's most sought-after neighborhoods. What are you waiting for? Do not miss this opportunity!
List Price/SqFt: 246.52
Sold Price/SqFt: 246.52

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Cooktop; Electric Oven; Electric Water Heater; Ice Maker; Microwave; Refrigerator Fireplace Features: Electric Interior Features: Breakfast Bar; Breakfast Nook; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Luxury Vinyl; Tile Laundry Features: In Unit; Lower Level Utilities: Electricity Available; Sewer Available; Water Available 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: Stucco Patio And Porch Features: Porch Roof: Shingle Parking Features: Garage Fencing: Fenced; Full Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Playground Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection