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 S 403, Jacksonville Beach, FL 32250 (MLS# 2158673)

1601 OCEAN Drive S 403, Jacksonville Beach, FL 32250

$849,000

53_dji_fly_20260801_083604_0001_17855884

54_dji_fly_20260801_083724_0011_17855884

55_dji_fly_20260801_083748_0016_17855884

56_dji_fly_20260801_083818_0021_17855884

57_dji_fly_20260801_083858_0026_17855884

58_dji_fly_20260801_083926_0032_17855884

59_dji_fly_20260801_083944_0037_17855884

60_dji_fly_20260801_084006_0042_17855884

61_dji_fly_20260801_084036_0047_17855884

62_dji_fly_20260801_084116_0052_17855883

63_dji_fly_20260801_084214_0057_17855883

65_dji_fly_20260801_084328_0067_17855883

66_dji_fly_20260801_084408_0072_17855883

67_dji_fly_20260801_084844_0078_17855888

68_dji_fly_20260801_084906_0083_17855888

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,110 Lot Size (sq. ft.): 436 Status: Active

Current Price: $849,000 List Date: 8/05/2026 Last Modified: 11/05/2026

Overview

Description

Open House, Sunday, November 8th, from 1pm-4pm! Attendees must register in the lobby with valid ID. SOUTH JAX BEACH 4TH-FLOOR CONDO, FULLY FURNISHED! Steps to the sand at 1601 Ocean Dr S #403. Lock-and-leave convenience, ocean breezes, and prime walkability to top dining, cafes & nightlife. Perfect beach retreat or full-time coastal oasis. Experience effortless coastal living at 1601 Ocean Dr S, Unit 403, located in the heart of South Jacksonville Beach. Elevate your everyday lifestyle with elevated 4th-floor ocean breezes, unbeatable walkability, and lock-and-leave convenience just steps from the sand. Prime South Jax Beach Location Direct access to the beach--cross the street or walk mere steps to the shoreline. Central access to J. Turner Butler Blvd (JTB) for an easy commute to Mayo Clinic, St. Johns Town Center, and Downtown Jacksonville. 1 Car Garage Available at $125,000 for purchase. Sold separately.

Open Houses

Sunday, November 8, 1:00 pm - 4:00 pm

Listing Details MLS# 2158673

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1110
Living Area Source: Appraiser
Year Built: 1974
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 1360.38
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Furnished
Stories: Yes
Stories Total: 11
Senior Community YN: No
Directions: Turn directions from both J. Turner Butler Blvd (SR-202) and Beach Blvd (SR-212) correctly use 3rd Street S (A1A) to 16th Avenue S heading east toward the ocean, then south onto Ocean Drive S.
Public Remarks: Open House, Sunday, November 8th, from 1pm-4pm! Attendees must register in the lobby with valid ID. SOUTH JAX BEACH 4TH-FLOOR CONDO, FULLY FURNISHED! Steps to the sand at 1601 Ocean Dr S #403. Lock-and-leave convenience, ocean breezes, and prime walkability to top dining, cafes & nightlife. Perfect beach retreat or full-time coastal oasis. Experience effortless coastal living at 1601 Ocean Dr S, Unit 403, located in the heart of South Jacksonville Beach. Elevate your everyday lifestyle with elevated 4th-floor ocean breezes, unbeatable walkability, and lock-and-leave convenience just steps from the sand. Prime South Jax Beach Location Direct access to the beach--cross the street or walk mere steps to the shoreline. Central access to J. Turner Butler Blvd (JTB) for an easy commute to Mayo Clinic, St. Johns Town Center, and Downtown Jacksonville. 1 Car Garage Available at $125,000 for purchase. Sold separately.
List Price/SqFt: 764.86

Property Features

Property Condition: Updated/Remodeled Rental Restrictions: 1 Year Appliances: Convection Oven; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Fireplace Features: Electric Interior Features: Smart Thermostat; Walk-In Closet(s) Flooring: Luxury Vinyl Laundry Features: In Unit Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Exterior Features: Balcony; Impact Windows Parking Features: Garage; Guest; Parking Lot View: Beach; Ocean Waterfront Features: Ocean Access; Ocean Front Current Use: Residential Association Amenities: Beach Access; Community Pool; Elevator(s); Fitness Center; Maintenance Grounds; Management - Full Time; Management - On Site; Sauna; Service Elevator(s); Spa/Hot Tub; Storage Association Fee Includes: Insurance; Maintenance Grounds; Pest Control Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan