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.

2905 ADMIRALS WALK Drive E, Orange Park, FL 32073 (MLS# 2049073)

2905 ADMIRALS WALK Drive E, Orange Park, FL 32073

$505,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 4,599 Lot Size (sq. ft.): 47,045 Status: Closed

Current Price: $505,000 List Date: 10/10/2024 Last Modified: 1/23/2026

Overview

Description

INVESTOR SPECIAL!!! This gem, located on beautiful Doctors Lake with nearly 1 acre of land, is a fantastic opportunity for investors! The spacious home offers approximately 3,500 square feet, featuring 4 bedrooms and 3 baths in a highly desirable neighborhood. While the home was impacted by a hurricane in 2017 and has been vacant since 2021, it presents a perfect fixer-upper project with significant potential. The property is situated near top-rated schools, including St. John's Day School, just a mile away, and offers access to incredible water activities like boating, fishing, and more! Whether you're looking for a renovation project or envisioning a custom rebuild, this property offers a rare chance to own a large waterfront lot in a prime location.

Listing Details MLS# 2049073

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 3493
Living Area Source: Public Records
Building Area Total: 4599
Year Built: 1976
Lot Size Acres: 1.08
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Frontage Feet: 170
Furnished: Partially
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: From I-295, S on US 17, R on Kingsley Ave, L on Doctors Lake Dr, L into Admirals Walk Subdivision
Public Remarks: INVESTOR SPECIAL!!! This gem, located on beautiful Doctors Lake with nearly 1 acre of land, is a fantastic opportunity for investors! The spacious home offers approximately 3,500 square feet, featuring 4 bedrooms and 3 baths in a highly desirable neighborhood. While the home was impacted by a hurricane in 2017 and has been vacant since 2021, it presents a perfect fixer-upper project with significant potential. The property is situated near top-rated schools, including St. John's Day School, just a mile away, and offers access to incredible water activities like boating, fishing, and more! Whether you're looking for a renovation project or envisioning a custom rebuild, this property offers a rare chance to own a large waterfront lot in a prime location.
List Price/SqFt: 186.09
Sold Price/SqFt: 144.57

Property Features

Architectural Style: Traditional; Other Levels: One Property Condition: Fixer Rental Restrictions: Other Appliances: Convection Oven; Dishwasher; Electric Range; Refrigerator Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Other Heating: Central; Electric Water Source: Public Sewer: Public Sewer Pool Features: In Ground Roof: Shingle Parking Features: Garage View: Lake Waterfront Features: Lake Front Fencing: Wood Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Other Listing Terms: Cash; Conventional; Other Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-09-25

Location Tax and Legal

Street Number: 2905
Street Name: ADMIRALS WALK
Street Suffix: Drive
Street Direction Suffix: E
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 137-Doctor's Lake
Subdivision Name: Admirals Walk

Status Change Information

Major Change Timestamp: 2024-11-13T11:46:09Z
Major Change Type: Status Change
Purchase Contract Date: 2024-10-19
Close Date: 2024-11-08
Close Price: 505000

DPR Eligible

DPR Eligible: No

More Information

Documents

Flood disclosure ›

No Seller(s) Property Disclosure Acknowl ›

Lead Paint Disclosure ›

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: January - 23 - 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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