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.

16085 BLOSSOM LAKE Drive, Jacksonville, FL 32218 (MLS# 1064881)

16085 BLOSSOM LAKE Drive, Jacksonville, FL 32218

$221,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,548 Status: Closed

Current Price: $221,000 List Date: 7/24/2020 Last Modified: 10/27/2026

Overview

Description

This beautiful 3 bedroom, 2 bath Lennar home was built in 2016! It includes an upgraded kitchen with granite countertops, large sit down island, pantry, stainless steel appliances, crown molding, and tile floors through out the home.Brand new carpet and fresh paint throughout! The master suite has plenty of natural light with a large walk-in closet. Master bathroom has double vanities and a stand up shower. There are 2 additional well sized bedrooms for the kiddos. This home comes with indoor laundry room with a washer and dryer included. The 2 car garage flooring has been freshly painted as well. The backyard backs up to a natural preserve for privacy. The screened in covered lanai is perfect for BBQ's,entertaining, and relaxing after a hard days work!

Listing Details MLS# 1064881

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1548
Living Area Source: Public Records
Year Built: 2016
Association YN: Yes
Association Fee: 180
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 793.83
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From I-95 take Pecan Park Rd (exit 366) and go west. Take a right into Bainebridge Estates on Bainbridge Dr. Left on Stedman Lake Dr. Left on Blossom Lake Dr.
Public Remarks: This beautiful 3 bedroom, 2 bath Lennar home was built in 2016! It includes an upgraded kitchen with granite countertops, large sit down island, pantry, stainless steel appliances, crown molding, and tile floors through out the home.Brand new carpet and fresh paint throughout! The master suite has plenty of natural light with a large walk-in closet. Master bathroom has double vanities and a stand up shower. There are 2 additional well sized bedrooms for the kiddos. This home comes with indoor laundry room with a washer and dryer included. The 2 car garage flooring has been freshly painted as well. The backyard backs up to a natural preserve for privacy. The screened in covered lanai is perfect for BBQ's,entertaining, and relaxing after a hard days work!
List Price/SqFt: 144.05
Sold Price/SqFt: 142.76

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Porch; Screened Pool Features: None Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-07-24

Location Tax and Legal

Street Number: 16085
Street Name: BLOSSOM LAKE
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32218
MLS Area Major: 091-Garden City/Airport
Subdivision Name: Bainebridge Estates

Status Change Information

Major Change Timestamp: 2020-09-04T13:27:11Z
Major Change Type: Status Change
Purchase Contract Date: 2020-07-30
Close Date: 2020-09-02
Close Price: 221000

Historical Information

Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y

More Information

Room Information

Room Name
Utility Room

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: October - 27 - 2026

Information deemed reliable but not guaranteed.

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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.

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