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.

2724 SCOTT MILL Terrace, Jacksonville, FL 32257 (MLS# 2167161)

2724 SCOTT MILL Terrace, Jacksonville, FL 32257

$5,500

Property Type: Residential Lease Bedrooms: 5 Baths: 7 Square Footage: 5,108 Lot Size (sq. ft.): 25,265 Status: Active

Current Price: $5,500 List Date: 9/30/2026 Last Modified: 10/27/2026

Overview

Description

Estate home for rent! With sweeping riverfront views from almost every room, a large yard, a great location, and a pool, this home has it all. You have quick highway access and close proximity to great restaurants and the best grocery stores in Jacksonville. The home is HUGE. There are 2 primary bedrooms, one downstairs and one upstairs. Downstairs also has 2 half bathrooms for guests and one of 2 laundry rooms. The dining room is large enough for any event you have planned and the family room is large with stunning riverfront views. Upstairs is 4 more bedrooms. 2 have a shared, all weather balcony. One has a private bathroom. There is a hall bathroom as well. The primary has soaring vaulted ceilings, a private balcony, and its own fireplace. The bathroom has a jacuzzi tub and double sinks along with a second laundry room. These is also a massive game room with the 3rd half bathroom. The home has new flooring and fresh paint. It can be rented furnished or empty.

Listing Details MLS# 2167161

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: 3
Bathrooms Total: 7
Living Area: 5108
Living Area Source: Public Records
Year Built: 1983
Lot Size Acres: 0.58
Association YN: No
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Furnished
Stories Total: 2
Senior Community YN: No
Directions: Heading North on San Jose Blvd from I-295, turn left on Oak Bluff Lane at the Chick-fil-A! Right on Scott Mill Rd. Left on Scott Mill Terr. Home is at the end of the road on the river.
Public Remarks: Estate home for rent! With sweeping riverfront views from almost every room, a large yard, a great location, and a pool, this home has it all. You have quick highway access and close proximity to great restaurants and the best grocery stores in Jacksonville. The home is HUGE. There are 2 primary bedrooms, one downstairs and one upstairs. Downstairs also has 2 half bathrooms for guests and one of 2 laundry rooms. The dining room is large enough for any event you have planned and the family room is large with stunning riverfront views. Upstairs is 4 more bedrooms. 2 have a shared, all weather balcony. One has a private bathroom. There is a hall bathroom as well. The primary has soaring vaulted ceilings, a private balcony, and its own fireplace. The bathroom has a jacuzzi tub and double sinks along with a second laundry room. These is also a massive game room with the 3rd half bathroom. The home has new flooring and fresh paint. It can be rented furnished or empty.
List Price/SqFt: 1.08

Property Features

Additional Lease Terms: 12 Months; Negotiable Owner Pays: Grounds Care Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: In Unit; Lower Level; Upper Level Exterior Features: Balcony Patio And Porch Features: Covered; Glass Enclosed; Porch; Rear Porch Pool Features: In Ground Water Source: Public Parking Features: Attached; Circular Driveway; Garage Sewer: Unknown View: River Waterfront Features: River Front Utilities: Electricity Connected Cooling: Central Air; Electric Heating: Central; Electric Road Surface Type: Asphalt Road Frontage Type: City Street Additional Fee Includes: Lease Prep Tenant Pays: All Utilities; Pool Maintenance

Contract Information

Rental Service: None
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-09-30
Lease Term: 12 Months
Availability Date: 2026-10-16

Location Tax and Legal

Street Number: 2724
Street Name: SCOTT MILL
Street Suffix: Terrace
State: FL
County: Duval
Postal Code: 32257
MLS Area Major: 013-Beauclerc/Mandarin North
Subdivision Name: Pritchard Grant

Status Change Information

Major Change Timestamp: 2026-10-27T15:20:53Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-27T15:20:53Z

Fireplace Features

Fireplaces Total: 3

More Information

Deposits and Fees

Additional Fee: 100
Application Fee: 75
Security Deposit: 6000

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: October - 27 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare