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 4503, Orange Park, FL 32003 (MLS# 1157592)

1500 CALMING WATER Drive 4503, Orange Park, FL 32003

$260,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,492 Status: Closed

Current Price: $260,000 List Date: 3/10/2022 Last Modified: 12/30/2025

Overview

Description

Rare opportunity for sought after move in ready home in desirable gated community with peaceful lake views. This townhouse features 3 bedrooms, 2.5 bathrooms and an attached one car garage. His and her closets, washer dryer convey, walking distance from a rated schools, and enjoy all Fleming island amenities including super pool that is just steps away.

Listing Details MLS# 1157592

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1492
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 195
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1032
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: From CR-220, Left onto Town Center Blvd.,At the round about, take the 2nd exit onto Town Center Blvd., Left onto Calming Water Dr,, turn Left through gate, Right onto Calming Water,
Public Remarks: Rare opportunity for sought after move in ready home in desirable gated community with peaceful lake views. This townhouse features 3 bedrooms, 2.5 bathrooms and an attached one car garage. His and her closets, washer dryer convey, walking distance from a rated schools, and enjoy all Fleming island amenities including super pool that is just steps away.
List Price/SqFt: 178.95
Sold Price/SqFt: 174.26

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Pool Features: None Roof: Shingle Parking Features: Assigned Waterfront Features: Pond Current Use: Multi-Family Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2022-03-08

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: Fleming Island Plantation

Status Change Information

Major Change Timestamp: 2022-05-05T16:07:54Z
Major Change Type: Status Change
Purchase Contract Date: 2022-03-10
Close Date: 2022-05-04
Close Price: 260000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: TREVOR WATERS REALTY, INC.

Last Updated: December - 30 - 2025

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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