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.

174 COSTA BLANCA Road, St. Augustine, FL 32095 (MLS# 858847)

174 COSTA BLANCA Road, St. Augustine, FL 32095

$214,000

Property Type: Land Lot Size (sq. ft.): 78,844 Status: Closed

Current Price: $214,000 List Date: 12/14/2016 Last Modified: 1/04/2025

Overview

Description

Be one of only 3 homes on a private driveway leading you to this site with beautiful inter-coastal views. Located on a quiet cul de sac in the estate section of Palencia build your dream home on almost 2 acres. This is a rare opportunity to build on one of the very few remaining inter-coastal view lots in the community.

Listing Details MLS# 858847

General Property Information

Lot Size Acres: 1.81
CDD Fee YN: Yes
CDD Fee Amount: 4421.8
Association YN: Yes
Association Fee: 200
Association Fee Frequency: Annually
Association Name: PALENCIA POA
Water Body Access YN: No
Waterfront YN: No
Directions: Enter Palencia. First right at circle. Right on North River Drive. Left on Second Hickory Hill. Right on Costa Blanca to cul-de-sac. Follow road to left of board walk to lot on right.
Public Remarks: Be one of only 3 homes on a private driveway leading you to this site with beautiful inter-coastal views. Located on a quiet cul de sac in the estate section of Palencia build your dream home on almost 2 acres. This is a rare opportunity to build on one of the very few remaining inter-coastal view lots in the community.
List Price/Acre: 120994.48
Sold Price/Acre: 118232.04

Property Features

Current Use: Single Family Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear Sewer: Public Sewer Utilities: Cable Available; Natural Gas Available Water Source: Public Road Surface Type: Asphalt Association Amenities: Basketball Court; Boat Dock; Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Maintenance Grounds; Playground; Tennis Court(s); Trash Listing Terms: Cash; Conventional Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2016-12-01

Location Tax and Legal

Street Number: 174
Street Name: COSTA BLANCA
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2023-11-18T21:08:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2019-08-03T17:08:22Z
Purchase Contract Date: 2020-02-17
Close Date: 2020-03-09
Close Price: 214000

Historical Information

Public Historical Remarks 1: Common ClubAmenities-Club Facilities: Y, Common ClubAmenities-Bike Path: Y, Lot Location-Golf Course Comm: Y, Restrict/Rquirmnts: Deed Restriction
Public Historical Remarks 2: Utilities-Underground: Y, Common ClubAmenities-Soccer Fields: Y, Common ClubAmenities-Football Fields: Y, Common ClubAmenities-Baseball Field(s): Y, Dev Stat/Restrict-Deed Restriction: Y

More Information

Documents

Survey ›

Vacant Land Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: January - 04 - 2025

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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