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.

15489 CAPE Drive N, Jacksonville, FL 32226 (MLS# 2136997)

15489 CAPE Drive N, Jacksonville, FL 32226

New Listing

$565,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,724 Lot Size (sq. ft.): 227,383 Status: Active

Current Price: $565,000 List Date: 11/15/2026 Last Modified: 11/15/2026

Overview

Description

Back on the market due to buyer financing. Discover a private waterfront retreat in The Cape, where mature oaks shade a circular driveway and sweeping marsh and water views set the scene. Set on 5.22 acres, including marsh and water areas, this single-story brick home offers 4 bedrooms, 2.5 baths and approximately 2,724 square feet. Watch the tide change over morning coffee in the spacious Florida room, then head out to the deck to enjoy the wildlife and sunsets. The property features approximately 726 feet of waterfront along a canal that connects to a tidal creek leading to the Fort George River. From there, the waterways connect to the Intracoastal Waterway and the Atlantic. It's a classic Old Florida setting with room to spread out, just minutes from everyday conveniences. The plumbing repipe is underway and pending completion. Audio and video surveillance on site.

Listing Details MLS# 2136997

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2724
Living Area Source: Assessor
Year Built: 1984
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 5.22
Association YN: Yes
Association Fee: 35
Association Fee Frequency: Annually
Association Name: THE CAPE HOA
CDD Fee YN: No
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: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: Take 295 N to Alta Drive and Continue through to Yellow Bluff Rd. Turn right onto Starratt Rd. Turn left onto Cape Dr E. Turn right into driveway of 15289 Cape Dr. N.
Public Remarks: Back on the market due to buyer financing. Discover a private waterfront retreat in The Cape, where mature oaks shade a circular driveway and sweeping marsh and water views set the scene. Set on 5.22 acres, including marsh and water areas, this single-story brick home offers 4 bedrooms, 2.5 baths and approximately 2,724 square feet. Watch the tide change over morning coffee in the spacious Florida room, then head out to the deck to enjoy the wildlife and sunsets. The property features approximately 726 feet of waterfront along a canal that connects to a tidal creek leading to the Fort George River. From there, the waterways connect to the Intracoastal Waterway and the Atlantic. It's a classic Old Florida setting with room to spread out, just minutes from everyday conveniences. The plumbing repipe is underway and pending completion. Audio and video surveillance on site.
List Price/SqFt: 207.42

Property Features

Architectural Style: Ranch; Traditional Levels: One Rental Restrictions: Other Appliances: Dryer; Electric Oven; Microwave; Refrigerator; Washer Fireplace Features: Gas Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Guest Suite; His and Hers Closets; In-Law Floorplan; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Skylight(s); Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Wood Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Electricity Available; Natural Gas Available Cooling: Central Air; Electric Heating: Electric; Heat Pump Water Source: Well Sewer: Septic Tank Construction Materials: Brick Veneer Other Structures: Workshop Exterior Features: Dock Patio And Porch Features: Covered; Front Porch; Glass Enclosed; Rear Porch; Terrace Roof: Shingle Parking Features: Circular Driveway; Garage Lot Features: Cleared; Many Trees View: Canal; Intracoastal; Protected Preserve; River; Trees/Woods Water Body Access Type: Navigable Waterfront Features: Canal Front; Intracoastal; Marsh; Navigable Water; Ocean Access; River Access Fencing: Fenced; Privacy; Wood Current Use: Office; Ranch; Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-03-26

Location Tax and Legal

Street Number: 15489
Street Name: CAPE
Street Suffix: Drive
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32226
MLS Area Major: 096-Ft George/Blount Island/Cedar Point
Subdivision Name: The Cape

Status Change Information

Major Change Timestamp: 2026-11-15T00:02:50Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-09-27T13:42:42Z

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Offer Instructions ›

Listing Office: BOLD & SOLD LLC

Last Updated: November - 15 - 2026

Information deemed reliable but not guaranteed.