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.

190 VERACRUZ Drive 131, Ponte Vedra Beach, FL 32082 (MLS# 1220172)

190 VERACRUZ Drive 131, Ponte Vedra Beach, FL 32082

$258,500

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 912 Status: Closed

Current Price: $258,500 List Date: 4/03/2023 Last Modified: 2/22/2025

Overview

Description

You are going to love it here, overlooking the stunning natural wetlands of TPC Sawgrass and the new Global PGA Headquarters. Located in the heart of Ponte Vedra Beach, only minutes to the ocean, restaurants, shopping, entertainment and the finest Golf Courses in the world. Focus on your health in the newly renovated clubhouse and work-out facilities, featuring a resort-style pool surrounded by glorious palm trees. Wake up in a beautiful third floor coastal unit which creates a rich experience framed by huge double windows enhancing the connection of nature while flooding the space with natural light and fresh sea breeze. Remote professionals will love the office/media room, which can also be a 2nd bedroom. Enjoy morning coffee or wind down the day with wine on the lanai. Gated community

Listing Details MLS# 1220172

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 912
Living Area Source: Public Records
Year Built: 1996
Association YN: No
Association Fee Frequency: Monthly
Association Fee 2: 299
Association Fee 2 Frequency: Monthly
Association Name: Grand Cay Villas
Association Phone: 904.641.1858
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 3
Entry Level: 3
Directions: JTB east to A1A south, R on ATP Blvd, R into Grand Cay Villas, VeraCruz Drive. Through gate, stay to left through the community until Building 190. Last Stairwell up to Unit 131
Public Remarks: You are going to love it here, overlooking the stunning natural wetlands of TPC Sawgrass and the new Global PGA Headquarters. Located in the heart of Ponte Vedra Beach, only minutes to the ocean, restaurants, shopping, entertainment and the finest Golf Courses in the world. Focus on your health in the newly renovated clubhouse and work-out facilities, featuring a resort-style pool surrounded by glorious palm trees. Wake up in a beautiful third floor coastal unit which creates a rich experience framed by huge double windows enhancing the connection of nature while flooding the space with natural light and fresh sea breeze. Remote professionals will love the office/media room, which can also be a 2nd bedroom. Enjoy morning coffee or wind down the day with wine on the lanai. Gated community
List Price/SqFt: 307.02
Sold Price/SqFt: 283.44

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat; Spanish Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Kitchen Island; Pantry; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Concrete; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Other Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Entry Phone/Intercom; Fire Sprinkler System; Security Gate; Smoke Detector(s) Construction Materials: Fiber Cement; Frame; Stucco Exterior Features: Balcony Patio And Porch Features: Patio; Porch; Screened Roof: Shingle Parking Features: Assigned; Guest Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded Fencing: Chain Link; Other Current Use: Multi-Family Association Amenities: Car Wash Area; Clubhouse; Community Pool; Fitness Center; Maintenance Grounds; Management - Full Time; Management - On Site; Spa/Hot Tub; Trash Association Fee Includes: Maintenance Grounds; Pest Control Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2023-02-13
Unit Type: End Unit

Location Tax and Legal

Street Number: 190
Street Name: VERACRUZ
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 262-Ponte Vedra Beach-W Of A1A-S Of Solana Rd
Subdivision Name: Grand Cay Villas

Status Change Information

Major Change Timestamp: 2023-04-26T23:14:43Z
Major Change Type: Status Change
Purchase Contract Date: 2023-04-07
Close Date: 2023-04-21
Close Price: 258500

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Utilities-Common Sewer: Y, Dining-Kitchen/Family Combo: Y, Condo Restrictions-See Condo Docs: Y, Interior Amenities-Palladian Window(s): Y, Electric Gates: Y, Aluminum Fencing: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Energy Features-Forced Air: Y, Utilities-Separate Water Meter(s): Y, Condo Restrictions-Governed Covenants/Restrictions: Y, Interior Amenities-Sliding Glass Door(s): Y, Flood Insurance Required: Y, Fireplace Mantle: Y, Fenced Partial: Y
Public Historical Remarks 3: Intermediate School: Other, Occupant Type: Vacant, Vacant -Lockbox

Room Information

Room Name
Media Room

Documents

Offer Instructions ›

Condo Rider ›

Declaration of Condominium ›

Frequently Asked Questions ›

Rules and Regulations ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: February - 22 - 2025

Information deemed reliable but not guaranteed.