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.

27 OAK PARK Drive, St. Johns, FL 32259 (MLS# 1250929)

27 OAK PARK Drive, St. Johns, FL 32259

$795,990

Shores-at-RiverTown_Aerial-Photography_1

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,261 Status: Closed

Current Price: $795,990 List Date: 10/03/2023 Last Modified: 8/03/2026

Overview

Description

RIVER VIEW! This stunning new townhome from Toll Brothers sits majestically on the banks of the St Johns River and boasts a large BALCONY off the primary bedroom from which to take it all in. BOAT SLIP available for lease. Located in a cul-de-sac in the new, exclusive, gated community of Rivertown Shores, this home features a gourmet kitchen with white cabinets with soft-close doors and drawers, trash roll-out, lower cabinet pull-outs, Quartz countertops, gorgeous wood-look porcelain tile floors, wood stairs and open rail. Listen to the rippling water on the covered lanai or lounge comfortably in the large loft. As part of the town of Rivertown, residents will enjoy the extensive, resort-style amenities, including pools, water slides, lazy river, kayak lagoon, tennis courts, basketball courts, dog parks, sports parks, and miles and miles of trails. The River Club is easily accessible via a gated golf cart path. Come enjoy the river life!

Listing Details MLS# 1250929

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2261
Living Area Source: Plans
Year Built: 2024
Association YN: Yes
Association Fee: 300
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1800
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-03-29
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Senior Community YN: No
Directions: From Racetrack Rd and Greenbriar Rd, turn south on State Road 13. Pass 2 roundabouts at RiverTown entrances, then turn right into community. From 210, continue south on 210 and then CR 16A, turn right at Woodpeckers BBQ onto SR13, community entrance is 1/4 mile on left.
Public Remarks: RIVER VIEW! This stunning new townhome from Toll Brothers sits majestically on the banks of the St Johns River and boasts a large BALCONY off the primary bedroom from which to take it all in. BOAT SLIP available for lease. Located in a cul-de-sac in the new, exclusive, gated community of Rivertown Shores, this home features a gourmet kitchen with white cabinets with soft-close doors and drawers, trash roll-out, lower cabinet pull-outs, Quartz countertops, gorgeous wood-look porcelain tile floors, wood stairs and open rail. Listen to the rippling water on the covered lanai or lounge comfortably in the large loft. As part of the town of Rivertown, residents will enjoy the extensive, resort-style amenities, including pools, water slides, lazy river, kayak lagoon, tennis courts, basketball courts, dog parks, sports parks, and miles and miles of trails. The River Club is easily accessible via a gated golf cart path. Come enjoy the river life!
List Price/SqFt: 360.46
Sold Price/SqFt: 352.05

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Levels: Two Property Condition: Under Construction Appliances: Convection Oven; Dishwasher; Disposal; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Zoned Heating: Central; Electric; Heat Pump; Zoned Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Programmable Thermostat; Smoke Detector Green Energy Efficient: Thermostat; Water Heater; Windows Security Features: Carbon Monoxide Detector(s); Fire Sprinkler System; Security Gate; Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Exterior Features: Balcony Patio And Porch Features: Covered; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Other View: River Current Use: Residential Association Amenities: Basketball Court; Boat Dock; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Park; Playground Association Fee Includes: Maintenance Grounds Road Frontage Type: Private Road Road Surface Type: Asphalt; Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Great Room; Loft; Utility Room

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2023-10-03

Location Tax and Legal

Street Number: 27
Street Name: OAK PARK
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Shores

Status Change Information

Major Change Timestamp: 2024-07-31T22:29:54Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-21T19:30:30Z
Purchase Contract Date: 2024-03-13
Close Date: 2024-06-27
Close Price: 795990

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Structure Builder: Toll Brothers
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Builder Warranty: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Structure Slab: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Great Room
Loft
Utility Room

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: August - 03 - 2026

Information deemed reliable but not guaranteed.