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.

1500 CALMING WATER Drive 1302, Orange Park, FL 32003 (MLS# 1175613)

1500 CALMING WATER Drive 1302, Orange Park, FL 32003

$240,000

Virtual Tour

https://youtu.be/e87GUPoh_WU

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,296 Status: Closed

Current Price: $240,000 List Date: 10/13/2022 Last Modified: 1/19/2026

Overview

Description

Well maintained gated condo in the heart of Fleming Island, Chefs dream kitchen with tons of counter space, maple 42'' cabinets, stainless appliances. Open floor plan lives large, with peaceful park views from the large windows & glass doors. Tons of storage space, both bedrooms have huge walk in closets, oversize linen, pantry, etc. The Fleming Island Plantation lifestyle is not to be missed-golf, fitness & pool complex within walking distance. Excellent schools. You are going to love coming home!

Listing Details MLS# 1175613

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1296
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 173
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1031.14
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Stories Total: 2
Directions: From I-295, S on US-17, past CR 220. R on Village Square. L Town Ctr. Blvd. Left on Calming Water Dr into Lake Ridge North. First right. To building 13 on the right, unit 1302, second from left.
Public Remarks: Well maintained gated condo in the heart of Fleming Island, Chefs dream kitchen with tons of counter space, maple 42'' cabinets, stainless appliances. Open floor plan lives large, with peaceful park views from the large windows & glass doors. Tons of storage space, both bedrooms have huge walk in closets, oversize linen, pantry, etc. The Fleming Island Plantation lifestyle is not to be missed-golf, fitness & pool complex within walking distance. Excellent schools. You are going to love coming home!
List Price/SqFt: 187.5
Sold Price/SqFt: 185.19

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Entrance Foyer; Pantry; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Front Porch; Patio Pool Features: None Parking Features: Assigned Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Multi-Family Association Amenities: Basketball Court; Children's Pool; Community Pool; Golf Course; Playground; Tennis Court(s); Trash Association Fee Includes: Pest Control Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2022-06-16

Location Tax and Legal

Street Number: 1500
Street Name: CALMING WATER
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32003
MLS Area Major: 124-Fleming Island-SW
Subdivision Name: Lake Ridge Villas North

Status Change Information

Major Change Timestamp: 2023-11-17T13:01:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-08-25T19:15:00Z
Purchase Contract Date: 2022-11-16
Close Date: 2022-12-02
Close Price: 240000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y

Room Information

Room Name
Utility Room

Documents

HOA ›

Sellers Disclosure ›

CDD ›

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: January - 19 - 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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