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.

1719 PENNAN Place, St. Johns, FL 32259 (MLS# 2106716)

1719 PENNAN Place, St. Johns, FL 32259

$3,800

Property Type: Residential Lease Bedrooms: 5 Baths: 5 Square Footage: 3,868 Status: Closed

Current Price: $3,800 List Date: 9/02/2025 Last Modified: 2/27/2026

Overview

Description

5 bedroom, 4.5 bathroom home overlooking water and preserves in Durbin Crossing on quiet dead-end street. Large family room with open concept floor plan, separate dining and living room. Kitchen with oversized island, granite countertops, stainless steel appliances, wine refrigerator and butler pantry. High-end upgraded finishes. Media room w/ bar. Large over garage bonus room. Wood flooring in main areas. Large master bathroom, walk-in closets. Lawn care included. 3 + Car Garage. Access to 2 amenity centers. Convenient location near 9B and close proximity to the Durbin mall, restaurants, and hospital. Pets are welcome.$75 app fee, holding fee equal to 1 mth to reserve, $150 admin, 1st mth due at move-in, Additional $40/mth for Resident Benefit Package (not optional) Lawn Cutting Included in Rent.No evictions, proof of income showing 3X rent, & credit no lower than 575.

Listing Details MLS# 2106716

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 3800
Living Area Source: Public Records
Building Area Total: 3868
Year Built: 2009
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Waterfront YN: Yes
Stories: 2
Stories Total: 2
Entry Level: Yes
Senior Community YN: No
Directions: From San Jose Blvd. to Racetrack Rd, Right on St. Johns Pkwy/2209 then right on Longleaf Pkwy. Neighborhood is Leigh Hall in Durbin Crossing.
Public Remarks: 5 bedroom, 4.5 bathroom home overlooking water and preserves in Durbin Crossing on quiet dead-end street. Large family room with open concept floor plan, separate dining and living room. Kitchen with oversized island, granite countertops, stainless steel appliances, wine refrigerator and butler pantry. High-end upgraded finishes. Media room w/ bar. Large over garage bonus room. Wood flooring in main areas. Large master bathroom, walk-in closets. Lawn care included. 3 + Car Garage. Access to 2 amenity centers. Convenient location near 9B and close proximity to the Durbin mall, restaurants, and hospital. Pets are welcome.$75 app fee, holding fee equal to 1 mth to reserve, $150 admin, 1st mth due at move-in, Additional $40/mth for Resident Benefit Package (not optional) Lawn Cutting Included in Rent.No evictions, proof of income showing 3X rent, & credit no lower than 575.
List Price/SqFt: Yes
Sold Price/SqFt: Yes

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees; Management; Trash Collection Levels: Two Appliances: Disposal; Electric Oven; Electric Water Heater; Microwave; Refrigerator Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Water Source: Public Parking Features: Garage; Garage Door Opener Sewer: Public Sewer View: Pond Waterfront Features: Pond Utilities: Cable Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Additional Fee Includes: Attorney Fee; Lease Prep Rent Includes: Management Tenant Pays: All Utilities Pets Allowed: Yes; Breed Restrictions; Number Limit

Contract Information

Rental Service: Other
Rental Application URL: https://legacyrealtygroupnf.quickleasepro.com/d/apply/181506?
Property Sub Type: Single Family Residence
Listing Contract Date: 2025-08-28
Lease Term: 12 Months
Availability Date: 2025-08-28

Location Tax and Legal

Street Number: 1719
Street Name: PENNAN
Street Suffix: Place
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2025-11-16T21:50:19Z
Major Change Type: Status Change
Price Change Timestamp: 2025-10-18T13:45:22Z
Purchase Contract Date: 2025-11-15
Close Date: 2025-11-15
Close Price: 3800

Deposits and Fees

Additional Fee: 40
Application Fee: 75
Security Deposit: Yes
Terms of Payment: Portal

More Information

Listing Office: LEGACY REALTY GROUP NORTH FLORIDA INC

Last Updated: February - 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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