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.

198 CASPIA Lane, Ponte Vedra, FL 32081 (MLS# 851381)

198 CASPIA Lane, Ponte Vedra, FL 32081

$295,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,565 Status: Closed

Current Price: $295,000 List Date: 10/15/2016 Last Modified: 1/03/2025

Overview

Description

BEAUTIFUL 2 BEDROOM, 2 BATHROOM, PINE SPRINGS MODEL IN DEL WEBB. A PLUS 55 COMMUNITY IN NOCATEE. RESIDENTS ENJOY THE ANASTASIA CLUBHOUSE AND INDOOR AND OUTDOOR POOLS. THE OPEN FLOOR PLAN IS PERFECT FOR ENTERTAINING. THE LARGE FAMILY ROOM FLOWS INTO THE DINING ROOM. THE SEPARATE GOURMET KITCHEN HAS AN ABUNDANCE OF CABINETS, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES WITH ROOM FOR A TABLE AND CHAIRS. THE MASTER SUITE IS LARGE WITH ROOM FOR A KINGSIZED BED. THERE IS A GUEST BEDROOM AND DEN. YOU WILL ENJOY READING IN THE SUNROOM OR IN YOUR SCREENED LANAI. THE OVERSIZED BACKYARD IS FENCED AND BACKS UP TO THE PRESERVE. THE 2 CAR GARAGE HAS THE OPTIONAL 4FT EXTENSION, FLOOR COATING, WATER PURIFICATION SYSTEM AND WORK SINK. THIS HOME LOOKS NEW HAS MORE WINDOW IN IT THAN THE NEW MODELS.

Listing Details MLS# 851381

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1565
Living Area Source: Public Records
Year Built: 2015
Lot Size Dimensions: 40.5' X 149.26'
Association YN: Yes
Association Fee: 170
Association Fee Frequency: Monthly
Association Fee 2: 950
Association Name: RIVER WOOD BY DEL WE
Association Phone: 904-834-3400
CDD Fee YN: Yes
CDD Fee Amount: 1240.63
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: Yes
Directions: NOCATEE PKWY TO SOUTH ON CROSSWATER PKWY GO 1.4 MILES TO ENTRANCE TO DEL WEBB. GO PAST GATE ON DEL WEBB PKWY TO STOP. GO RIGHT ON RIVER RUN BLVD.TO LEFT ON FOXTAIL FERN WAY. TURN RIGHT ON CASPIA LN.
Public Remarks: BEAUTIFUL 2 BEDROOM, 2 BATHROOM, PINE SPRINGS MODEL IN DEL WEBB. A PLUS 55 COMMUNITY IN NOCATEE. RESIDENTS ENJOY THE ANASTASIA CLUBHOUSE AND INDOOR AND OUTDOOR POOLS. THE OPEN FLOOR PLAN IS PERFECT FOR ENTERTAINING. THE LARGE FAMILY ROOM FLOWS INTO THE DINING ROOM. THE SEPARATE GOURMET KITCHEN HAS AN ABUNDANCE OF CABINETS, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES WITH ROOM FOR A TABLE AND CHAIRS. THE MASTER SUITE IS LARGE WITH ROOM FOR A KINGSIZED BED. THERE IS A GUEST BEDROOM AND DEN. YOU WILL ENJOY READING IN THE SUNROOM OR IN YOUR SCREENED LANAI. THE OVERSIZED BACKYARD IS FENCED AND BACKS UP TO THE PRESERVE. THE 2 CAR GARAGE HAS THE OPTIONAL 4FT EXTENSION, FLOOR COATING, WATER PURIFICATION SYSTEM AND WORK SINK. THIS HOME LOOKS NEW HAS MORE WINDOW IN IT THAN THE NEW MODELS.
List Price/SqFt: 197.44
Sold Price/SqFt: 188.5

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Washer; Water Softener Owned Interior Features: Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Other Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Private; Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Composition Siding; Frame; Stucco Patio And Porch Features: Patio Pool Features: None Spa Features: Private Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear View: Protected Preserve Fencing: Back Yard; Wrought Iron Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Fitness Center; Jogging Path; Sauna; Security; Spa/Hot Tub; Tennis Court(s); Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; Private Financing Available; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2016-10-12

Location Tax and Legal

Street Number: 198
Street Name: CASPIA
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Del Webb Ponte Vedra

Status Change Information

Major Change Timestamp: 2023-11-14T06:48:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-11-04T22:03:19Z
Purchase Contract Date: 2016-12-09
Close Date: 2017-01-18
Close Price: 295000

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Utilities-Separate Irrigation Meter: Y, Club Amenities-Game Room: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: PULTE, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Builder Warranty: Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Oversize Garage/Storage: Y, Structure Slab: Y
Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, Vacant

More Information

Room Information

Room Name
Great Room
Office
Utility Room

Listing Office: RE/MAX UNLIMITED

Last Updated: January - 03 - 2025

Information deemed reliable but not guaranteed.