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.

297 CYPRESS BAY Drive, Ponte Vedra, FL 32081 (MLS# 873265)

297 CYPRESS BAY Drive, Ponte Vedra, FL 32081

$297,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,437 Status: Closed

Current Price: $297,000 List Date: 3/24/2017 Last Modified: 1/06/2025

Overview

Description

Gorgeous Pinespring model situated on an oversized water and preserve lot. This lot is a one of a kind offering privacy and incredible wildlife views. Features include: block construction, safe room, 2 bedrooms, 2 baths, flex, hardwood, tile, carpet, crown molding, extended cage off of covered lanai, SS appliances and washer/dryer stay, granite in kitchen and baths, plantation shutters included but not shown, 42'' kitchen cabinets, beautiful landscaping with custom curbing, large master bedroom with triple sliders with water view, exterior has multi color paint with stone trim and is located close to the clubhouse. All of this luxury plus the endless list of amenities of a Del Webb 55 + community with Pickle ball, tennis, bocce, biking, nature trails and indoor/outdoor pool/hot tubs.

Listing Details MLS# 873265

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1437
Living Area Source: Plans
Year Built: 2012
Homestead YN: Yes
Association YN: Yes
Association Fee: 170
Association Fee Frequency: Monthly
Association Name: Riverwood by Del Web
CDD Fee YN: Yes
CDD Fee Amount: 1240.63
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Directions: Go thru the gates of Del Webb and turn right at the first stop sign. Proceed on River Run and turn left at the 3rd street which is Cypress Bay. House is the last house on the left. 297 Cypress Bay.
Public Remarks: Gorgeous Pinespring model situated on an oversized water and preserve lot. This lot is a one of a kind offering privacy and incredible wildlife views. Features include: block construction, safe room, 2 bedrooms, 2 baths, flex, hardwood, tile, carpet, crown molding, extended cage off of covered lanai, SS appliances and washer/dryer stay, granite in kitchen and baths, plantation shutters included but not shown, 42'' kitchen cabinets, beautiful landscaping with custom curbing, large master bedroom with triple sliders with water view, exterior has multi color paint with stone trim and is located close to the clubhouse. All of this luxury plus the endless list of amenities of a Del Webb 55 + community with Pickle ball, tennis, bocce, biking, nature trails and indoor/outdoor pool/hot tubs.
List Price/SqFt: 208.42
Sold Price/SqFt: 206.68

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Cable Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Concrete; Stucco Patio And Porch Features: Covered; Front Porch; Patio Pool Features: None Spa Features: Private Roof: Shingle Parking Features: Garage Door Opener Lot Features: Cul-De-Sac View: Protected Preserve Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Sauna; Spa/Hot Tub; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2017-03-24

Location Tax and Legal

Street Number: 297
Street Name: CYPRESS BAY
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Del Webb Ponte Vedra

Status Change Information

Major Change Timestamp: 2017-06-08T17:18:57Z
Major Change Type: Status Change
Purchase Contract Date: 2017-05-15
Close Date: 2017-06-07
Close Price: 297000

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Utilities-Separate Irrigation Meter: Y, Club Amenities-Nature Trails: Y, Club Amenities-Game Room: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Room Information

Room Name
Office

Listing Office: COUNTRY CLUB REAL ESTATE

Last Updated: January - 06 - 2025

Information deemed reliable but not guaranteed.