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.

275 PINELLAS Way, St. Johns, FL 32259 (MLS# 2124504)

275 PINELLAS Way, St. Johns, FL 32259

$500,000

Virtual Tour

https://www.zillow.com/view-imx/75f95da7-a36d-47a3-8180-5192bb30478d?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,914 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $500,000 List Date: 1/09/2026 Last Modified: 2/26/2026

Overview

Description

Waterfront Luxury in WaterSong at RiverTown. Step into this stunning 2023-built Pier Model, offering 1,914 sq. ft. of thoughtfully designed living space in WaterSong, Northeast Florida's premier 55+ gated community. With 2 bedrooms, a versatile den/flex room, and 2 baths on a premium 0.17-acre waterfront pond lot, this home blends modern elegance with relaxed living. Inside, you'll find wood plank tile flooring, crystal drop chandeliers, and a den with French doors that add charm and versatility. The gourmet kitchen is a showstopper, featuring white and gray quartz countertops, buffet counter with beverage fridge nook, an oversized dining island with coastal pendant lighting, stainless steel appliances, a built-in oven and microwave, gas cooktop with range hood, and chevron subway tile backsplash, perfect for entertaining or everyday luxury. The primary suite impresses with a tray ceiling, spa-like zero-entry shower, and oversized walk-in closet with luggage storage. Enjoy

Supplements: Florida living at its finest on the extended screened lanai with ceiling fan, overlooking the tranquil pond. Additional upgrades include a wrought iron fenced yard, tankless water heater, water softener, and extended garage for storage and convenience. WaterSong at RiverTown is designed for active adults, with exclusive amenities including resort-s ... (Read more)

Listing Details MLS# 2124504

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1914
Living Area Source: Public Records
Year Built: 2023
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 183
Association Fee Frequency: Monthly
Association Fee 2: 53
Association Fee 2 Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2482.26
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: Yes
Directions: Longleaf Pine Pkwy to Keystone Corners to Mistflower to Juniper Hills to Voysey to Ladyslipper to Pinellas Way
Public Remarks: Waterfront Luxury in WaterSong at RiverTown. Step into this stunning 2023-built Pier Model, offering 1,914 sq. ft. of thoughtfully designed living space in WaterSong, Northeast Florida's premier 55+ gated community. With 2 bedrooms, a versatile den/flex room, and 2 baths on a premium 0.17-acre waterfront pond lot, this home blends modern elegance with relaxed living. Inside, you'll find wood plank tile flooring, crystal drop chandeliers, and a den with French doors that add charm and versatility. The gourmet kitchen is a showstopper, featuring white and gray quartz countertops, buffet counter with beverage fridge nook, an oversized dining island with coastal pendant lighting, stainless steel appliances, a built-in oven and microwave, gas cooktop with range hood, and chevron subway tile backsplash, perfect for entertaining or everyday luxury. The primary suite impresses with a tray ceiling, spa-like zero-entry shower, and oversized walk-in closet with luggage storage. Enjoy
List Price/SqFt: 261.23
Sold Price/SqFt: 261.23

Property Features

Levels: One Rental Restrictions: Other Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Gas Cooktop; Microwave; Refrigerator; Tankless Water Heater; Water Softener Owned Interior Features: Breakfast Nook; Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: In Unit Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric; Heat Pump Electric: Underground Water Source: Public Sewer: Public Sewer Security Features: Security Gate; Smoke Detector(s) Patio And Porch Features: Covered; Patio; Screened Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Pond Waterfront Features: Pond Fencing: Back Yard; Wrought Iron Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Management - Full Time; Park; Pickleball; Playground; Tennis Court(s) Road Frontage Type: Private Road Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection