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.

15976 RED BASS Drive, Jacksonville, FL 32226 (MLS# 2149856)

15976 RED BASS Drive, Jacksonville, FL 32226

$500,000

Virtual Tour

https://www.zillow.com/view-imx/ffcfc622-7e16-497a-b21f-867302caed42?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Land Lot Size (sq. ft.): 409,028 Status: Active Under Contract

Current Price: $500,000 List Date: 6/10/2026 Last Modified: 10/26/2026

Overview

Description

Rare opportunity to own 9.39 acres on beautiful Black Hammock Island. Partially cleared and fenced, this unique property features two ponds, open spaces and lovely wooded areas. Mature pecan, oak, and magnolia trees create a stunning natural setting for your future home, farm, or private retreat. Zoned Residential Rural, the property offers endless possibilities for those seeking privacy, space, and the freedom to create their own vision. Existing improvements include a 1950's-era 3-bedroom, 1-bath home, cattle shed, old MH used for storage but is boarded up. two wells, and two septic systems that have not been used in may years and are sold AS-IS. Potential Greenbelt tax benefits may be available for agricultural use. Enjoy peaceful country living just minutes from boat ramps, fishing on the Nassau River and Nassau Sound, Pumpkin Hill Creek Preserve State Park, and the Timucuan Preserve. Properties like this on Black Hammock Island rarely become available.

Listing Details MLS# 2149856

General Property Information

Lot Size Acres: 9.39
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: From I-295, E on Alta exit, right on New Berlin Rd, continue on Cedar Point Rd, stay left on Sawpit Rd, left on Shark Rd, right on Sawpit, left on Croaker, right on Red Bass Dr.
Public Remarks: Rare opportunity to own 9.39 acres on beautiful Black Hammock Island. Partially cleared and fenced, this unique property features two ponds, open spaces and lovely wooded areas. Mature pecan, oak, and magnolia trees create a stunning natural setting for your future home, farm, or private retreat. Zoned Residential Rural, the property offers endless possibilities for those seeking privacy, space, and the freedom to create their own vision. Existing improvements include a 1950's-era 3-bedroom, 1-bath home, cattle shed, old MH used for storage but is boarded up. two wells, and two septic systems that have not been used in may years and are sold AS-IS. Potential Greenbelt tax benefits may be available for agricultural use. Enjoy peaceful country living just minutes from boat ramps, fishing on the Nassau River and Nassau Sound, Pumpkin Hill Creek Preserve State Park, and the Timucuan Preserve. Properties like this on Black Hammock Island rarely become available.
List Price/Acre: 53248.14

Property Features

Current Use: Agricultural; Dairy; Farm; Horses; Livestock; Manufactured Home; Orchard; Ranch; Residential; Single Family; Timber Lot Features: Agricultural; Cleared; Few Trees Fencing: Full Sewer: Septic Tank Utilities: Electricity Available Water Source: Well View: Pond Other Structures: Shed(s); Stable(s) Road Surface Type: Asphalt Listing Terms: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Contingency Reason: Financing

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-06-10

Location Tax and Legal

Street Number: 15976
Street Name: RED BASS
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32226
MLS Area Major: 096-Ft George/Blount Island/Cedar Point
Subdivision Name: Black Hammock Island

Status Change Information

Major Change Timestamp: 2026-10-26T17:38:20Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-03T23:41:17Z
Contingency: Active Under Contract
Contingent Date: 2026-10-26

More Information

Documents

Seller Disclosure ›

lead paint disclosure ›

Flood Disclosure ›

Plat map ›

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: October - 26 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare