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.

1551 S 1ST 701, Jacksonville Beach, FL (MLS# 659485)

1551 S 1ST 701, Jacksonville Beach, FL

$325,000

Virtual Tour

http://www.tourfactory.com/idxr978059

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,446 Status: Closed

Current Price: $325,000 List Date: 3/29/2013 Last Modified: 9/16/2025

Overview

Description

This 7th floor condo is light & bright. Located in a secured building on 1st Street South with 3 bedrooms, 2 baths & 1446 sq ft. Family room w/tile floors & plenty of windows to watch the sunrise while enjoying a cup of coffee. Kitchen features granite, stainless steel appliances & opens to a dining area w/a sliding glass door that leads to a shared balcony with the master suite. Grills allowed on balcony. All bedrooms offer stunning views & cork flooring. Condo offers a small private storage, pool w/outside shower & bathrooms & two assigned parking spaces. This is a great opportunity to live the beach lifestyle. Enjoy walking or biking to beach, shops & great restaurants. Roof to be replaced April 2013.

Listing Details MLS# 659485

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1446
Living Area Source: Public Records
Year Built: 1984
Association YN: No
Association Fee Frequency: One Time
Association Fee 2: 535
Association Fee 2 Frequency: Monthly
Association Name: CMC Michelle Brown
Association Phone: 904-448-3633
CDD Fee YN: No
New Construction YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From JTB, North on A1A (3rd St) to East on 16th Ave S, left on 1st, condo is on your right. Parking spot is #701.
Public Remarks: This 7th floor condo is light & bright. Located in a secured building on 1st Street South with 3 bedrooms, 2 baths & 1446 sq ft. Family room w/tile floors & plenty of windows to watch the sunrise while enjoying a cup of coffee. Kitchen features granite, stainless steel appliances & opens to a dining area w/a sliding glass door that leads to a shared balcony with the master suite. Grills allowed on balcony. All bedrooms offer stunning views & cork flooring. Condo offers a small private storage, pool w/outside shower & bathrooms & two assigned parking spaces. This is a great opportunity to live the beach lifestyle. Enjoy walking or biking to beach, shops & great restaurants. Roof to be replaced April 2013.
List Price/SqFt: 217.84
Sold Price/SqFt: 224.76

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Elevator; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Other Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Fire Sprinkler System; Secured Lobby; Smoke Detector(s) Construction Materials: Concrete; Stucco Exterior Features: Balcony; Outdoor Shower Pool Features: Other Roof: Shingle Parking Features: Additional Parking; Assigned View: Ocean Current Use: Multi-Family Association Amenities: Community Pool; Management - Full Time Association Fee Includes: Insurance; Maintenance Grounds Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2013-03-29

Location Tax and Legal

Street Number: 1551
Street Direction Prefix: S
Street Name: 1ST
County: Duval
State: FL
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: South Shore

Status Change Information

Major Change Timestamp: 2013-04-29T18:45:54Z
Major Change Type: Status Change
Purchase Contract Date: 2013-04-12
Close Date: 2013-04-26
Close Price: 325000

Historical Information

Public Historical Remarks 1: Storage Room: Y, Condo Restrictions-See Condo Docs: Y, Interior Amenities-Tinted Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Unit Location-6th - 10th Story: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-Picture Window(s): Y, Trash Chute: Y, City Lot Location: Y
Public Historical Remarks 3: Unit Type: Flat, 6th - 10th Story, Penthouse, Entry Level: 6th - 10th Story, Penthouse, Occupant Type: Appointment, See Private Remarks, No Sign on Property, Occupied - Lockbox, Advance Notice

More Information

Room Information

Room Name	Remarks
Utility Room
Primary Bedroom	Flooring: Cork
Bedroom 1	Flooring: Cork
Bedroom 2	Flooring: Cork
Family Room

Documents

HOA Disclosure ›

Sellers Disclosure ›

Condo Rules and Regulations ›

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: September - 16 - 2025

Information deemed reliable but not guaranteed.