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.

233 ROYAL TERN Road N, Ponte Vedra Beach, FL 32082 (MLS# 1221056)

233 ROYAL TERN Road N, Ponte Vedra Beach, FL 32082

$1,500,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 3,800 Status: Closed

Current Price: $1,500,000 List Date: 4/09/2023 Last Modified: 2/23/2025

Overview

Description

Southwest custom designed home located in Marsh Landing Country Club in Ponte Vedra Beach. This home offers wood beam ceilings, solid wood doors and custom woodwork throughout. The kitchen is equipped with granite countertops, double ovens, microwave and a warming drawer. Enjoy the Florida Weather from one of your balcony's or multiple outdoor spaces including an outdoor fireplace, Screened lanai and kitchen. Marsh Landing offers both social and golf memberships.

Listing Details MLS# 1221056

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 3800
Living Area Source: Measured
Year Built: 2001
Association YN: Yes
Association Fee: 1195
Association Fee Frequency: Quarterly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Ponte Vedra Lakes Blvd Turn right on Marsh Landing Pkwy turn right onto Kingfisher dr then turn right onto Royal Tern Rd N home is on the left.
Public Remarks: Southwest custom designed home located in Marsh Landing Country Club in Ponte Vedra Beach. This home offers wood beam ceilings, solid wood doors and custom woodwork throughout. The kitchen is equipped with granite countertops, double ovens, microwave and a warming drawer. Enjoy the Florida Weather from one of your balcony's or multiple outdoor spaces including an outdoor fireplace, Screened lanai and kitchen. Marsh Landing offers both social and golf memberships.
List Price/SqFt: 410.26
Sold Price/SqFt: 394.74

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Spanish Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Block; Stucco Pool Features: None Lot Features: On Golf Course View: Golf Course Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-04-06

Location Tax and Legal

Street Number: 233
Street Name: ROYAL TERN
Street Suffix: Road
Street Direction Suffix: N
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 252-Ponte Vedra Beach-W Of A1A-N Of Solana Rd
Subdivision Name: Marsh Landing

Status Change Information

Major Change Timestamp: 2023-11-17T21:41:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-04-23T12:48:02Z
Purchase Contract Date: 2023-05-13
Close Date: 2023-06-02
Close Price: 1500000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Golf Course Comm: Y

Listing Office: ATLAS COASTAL REALTY CORP

Last Updated: February - 23 - 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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