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.

2318 TORBAY Drive, Orange Park, FL 32073 (MLS# 2109983)

2318 TORBAY Drive, Orange Park, FL 32073

$485,000

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Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,826 Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $485,000 List Date: 9/23/2025 Last Modified: 2/26/2026

Overview

Description

Pool Home with In Law Suite w/ Full Kitchen. Come and see this beautiful home that has room for the whole family with apartment attached equipt with full kitchen, washer and dryer and full bathroom. New Floors in main living area, 4 bedroom 3 bathroom home in gated community. Home features split floor plan with large Primary suite with large closet space and bathroom. Pool and large fenced yard is perfect for enjoying with family and friends. Club house and pickle ball. Full Restaurant, and 9 holes coming soon, The Hub Pickleball is included. Newer waterheater.

Listing Details MLS# 2109983

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2826
Living Area Source: Appraiser
Building Area Total: 2826
Year Built: 1986
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 0.43
Association YN: Yes
Association Fee: 1200
Association Fee Frequency: Annually
Association Name: Loch Rane
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: South on Blanding to Right on Lock Rane Blvd. to left on Torbay.
Public Remarks: Pool Home with In Law Suite w/ Full Kitchen. Come and see this beautiful home that has room for the whole family with apartment attached equipt with full kitchen, washer and dryer and full bathroom. New Floors in main living area, 4 bedroom 3 bathroom home in gated community. Home features split floor plan with large Primary suite with large closet space and bathroom. Pool and large fenced yard is perfect for enjoying with family and friends. Club house and pickle ball. Full Restaurant, and 9 holes coming soon, The Hub Pickleball is included. Newer waterheater.
List Price/SqFt: 171.62
Sold Price/SqFt: 171.62

Property Features

Architectural Style: Multi Generational; Traditional Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Microwave; Refrigerator; Water Softener Owned Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook Laundry Features: Electric Dryer Hookup Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Electric Heating: Electric Water Source: Private Sewer: Public Sewer Security Features: Gated with Guard Pool Features: In Ground Parking Features: Garage Fencing: Back Yard Current Use: Multi-Family; Residential; Single Family Association Amenities: Clubhouse; Gated; Jogging Path; Maintenance Grounds; Pickleball; Tennis Court(s); Other Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-09-22

Location Tax and Legal

Street Number: 2318
Street Name: TORBAY
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Loch Rane Estates

Status Change Information

Major Change Timestamp: 2026-02-26T00:04:32Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-01T18:31:08Z
Purchase Contract Date: 2026-01-16
Close Date: 2026-02-23
Close Price: 485000

Accessory Dwelling Information

Dwelling Type: Apartment
ADU Attached Y/N: Yes
Bathrooms: Yes

More Information

Fireplace Features

Fireplaces Total: Yes

DPR Eligible

DPR Eligible: No

Documents

flood disc ›

SPD ›

HOA ›

Listing Office: CROSSVIEW REALTY

Last Updated: February - 26 - 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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