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.

323 RIO DEL NORTE Road, St. Augustine, FL 32095 (MLS# 1059430)

323 RIO DEL NORTE Road, St. Augustine, FL 32095

$625,000

5D6E490D-F4C4-409F-954C-F07B59B5AA8A_1_2

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,733 Status: Closed

Current Price: $625,000 List Date: 6/20/2020 Last Modified: 2/01/2025

Overview

Description

RARE LOCATION!! Wonderful time to own a semi-custom Emerald home with wonderful intracoastal views! Very peaceful, quiet street within the gated community of Palencia. Watch the boats sail by while you have coffee or cocktails on your back patio. AND the wildlife is amazing! 4 bed/3 bath/plus office/3 car. Wood floors/upgraded kitchen and light fixtures /deep well for irrigation/plantation shutters/beautiful indoor gas fireplace/retractable patio screens/outdoor kitchen /Monogram appliances/commercial grade garage flooring. This home was built with a fully wrapped zip system. This house is turn key and ready for you ! Agent owned MLS#196470 MLS#788107

Listing Details MLS# 1059430

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2733
Living Area Source: Public Records
Year Built: 2015
Lot Size Dimensions: .25 to.5
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 4349.89
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Directions: Gated community/come in from Las Calinas. Las calinas to Pantano Vista way. Left on Pantano Vista/Right on Rio Del Norte/323 is on the left (Tolomato Intracoastal side)
Public Remarks: RARE LOCATION!! Wonderful time to own a semi-custom Emerald home with wonderful intracoastal views! Very peaceful, quiet street within the gated community of Palencia. Watch the boats sail by while you have coffee or cocktails on your back patio. AND the wildlife is amazing! 4 bed/3 bath/plus office/3 car. Wood floors/upgraded kitchen and light fixtures /deep well for irrigation/plantation shutters/beautiful indoor gas fireplace/retractable patio screens/outdoor kitchen /Monogram appliances/commercial grade garage flooring. This home was built with a fully wrapped zip system. This house is turn key and ready for you ! Agent owned MLS#196470 MLS#788107
List Price/SqFt: 236
Sold Price/SqFt: 228.69

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Flat; Ranch Appliances: Dishwasher; Disposal; Dryer; Gas Range; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Fireplace Features: Gas Interior Features: Breakfast Bar; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Tile; Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame; Stucco Other Structures: Outdoor Kitchen Patio And Porch Features: Covered; Front Porch; Patio; Porch; Screened Spa Features: Private Roof: Other Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac View: Protected Preserve; River Waterfront Features: Intracoastal; Marsh Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Playground; Security; Spa/Hot Tub; Tennis Court(s); Trash Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-06-20

Location Tax and Legal

Street Number: 323
Street Name: RIO DEL NORTE
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2020-08-21T18:23:56Z
Major Change Type: Status Change
Purchase Contract Date: 2020-07-17
Close Date: 2020-08-20
Close Price: 625000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Club Amenities-Nature Trails: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Living Room: Y, Stone Fireplace: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Landscape Lighting: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-French Door(s): Y, Down-Draft Cook top: Y, Flood Insurance Required: Y, Structure Slab: Y

Room Information

Room Name	Level	Length	Width	Remarks
Great Room
Office
Utility Room
Primary Bedroom	First	17.00	13.00
Bedroom 1	First	14.00	11.00
Bedroom 2	First	12.00	11.00
Bedroom 3	First	12.00	11.00
Bonus Room	First	11.00	14.00
Kitchen	First	16.00	13.00
Dining Room	First	11.00	12.00	Separate Dining Room

Documents

Elevation Certificate ›

323 supplement ›

Survey ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES, FLORIDA NETWORK REALTY

Last Updated: February - 01 - 2025

Information deemed reliable but not guaranteed.