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.

1601 OCEAN Drive 402, Jacksonville Beach, FL 32250 (MLS# 2151682)

1601 OCEAN Drive 402, Jacksonville Beach, FL 32250

$680,000

Virtual Tour

http://storybookviewer.com/126416-148755

Gorgeous huge wrap around balcony extends length of the unit. 4 sliders open to it.

Kitchen has ample space with solid surface counters, white cabinets

Primary is located away from secondary bedrooms and has an attached bath and large walk in closet

This bath is attached to primary bedroom

This bedroom also has a large walk in closet

Amenity center has a large kitchen and lots of seating

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,274 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $680,000 List Date: 6/22/2026 Last Modified: 9/10/2026

Overview

Description

PRICED TO SELL! Wake into breathtaking sunrises and unwind to the soothing sound of the waves from the expansive 60-foot wraparound balcony that defines this exceptional oceanfront residence. Floor-to-ceiling glass and four sliding glass doors seamlessly connect the interior to the spectacular Atlantic, filling the home with natural light and showcasing panoramic ocean views from every room. This rare three-bedroom, two-bath residence offers an exceptional opportunity to create your own bespoke beachfront retreat. Lovingly maintained by its original owner, the condominium is a blank canvas ready to be transformed into a luxury coastal masterpiece. Two spacious bedrooms feature walk-in closets, while the generous floor plan offers endless possibilities for a stunning renovation. Seascape has completed an impressive $8 million community transformation, with all special assessments fully paid by the seller.

Supplements: Enhancements include completion of all structural integrity and reserve requirements, a new roof renovated balconies and exterior, redesigned landscaping, a state-of-the-art fitness center, refreshed pool deck with new furnishings, and extensive property improvements throughout. Residents enjoy an exceptional resort-style lifestyle with keyless bui ... (Read more)

Listing Details MLS# 2151682

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1274
Living Area Source: Public Records
Year Built: 1974
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 1657.69
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 11
Senior Community YN: No
Directions: Heading North on 3rd St Turn right on 16th Ave South. Turn right on 1st Street South -Turn left on 17th Ave S and park in green marked ''guest'' spots in southwest section of parking lot.
Public Remarks: PRICED TO SELL! Wake into breathtaking sunrises and unwind to the soothing sound of the waves from the expansive 60-foot wraparound balcony that defines this exceptional oceanfront residence. Floor-to-ceiling glass and four sliding glass doors seamlessly connect the interior to the spectacular Atlantic, filling the home with natural light and showcasing panoramic ocean views from every room. This rare three-bedroom, two-bath residence offers an exceptional opportunity to create your own bespoke beachfront retreat. Lovingly maintained by its original owner, the condominium is a blank canvas ready to be transformed into a luxury coastal masterpiece. Two spacious bedrooms feature walk-in closets, while the generous floor plan offers endless possibilities for a stunning renovation. Seascape has completed an impressive $8 million community transformation, with all special assessments fully paid by the seller.
List Price/SqFt: 569.07
Sold Price/SqFt: 533.75

Property Features

Architectural Style: Contemporary Levels: One Rental Restrictions: 6 Months Appliances: Dishwasher; Disposal; Microwave; Refrigerator Interior Features: Open Floorplan; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Cable Connected; Electricity Connected; Natural Gas Not Available; Water Connected Cooling: Electric Heating: Central Water Source: Public Security Features: 24 Hour Security; Secured Lobby Construction Materials: Concrete; Stucco Exterior Features: Balcony Patio And Porch Features: Covered; Rear Porch; Wrap Around Parking Features: Assigned; Guest View: Ocean Waterfront Features: Ocean Front Current Use: Residential; Single Family Association Amenities: Beach Access; Community Pool; Elevator(s); Maintenance Grounds; Maintenance Structure; Management - Full Time; Management - Off Site Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure; Security Possession: Close Of Escrow Listing Terms: Conventional Contingency Reason: Inspection