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.

3488 SANCTUARY Boulevard, Jacksonville Beach, FL 32250 (MLS# 1109049)

3488 SANCTUARY Boulevard, Jacksonville Beach, FL 32250

$475,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,785 Status: Closed

Current Price: $475,000 List Date: 5/15/2021 Last Modified: 2/08/2025

Overview

Description

Beautiful 3/2 home which over looks the lake will not last long. This home features spacious rooms, double sided fireplace ,new appliances, New A/C , Hurricane shutters for all windows and doors ,and a large deck which over looks the lake. Located just blocks from the beach , shopping , restaurants, Mayo Clinic and world class golf courses!

Listing Details MLS# 1109049

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1785
Living Area Source: Public Records
Year Built: 1993
Association YN: No
Association Fee: 168
Association Fee Frequency: Monthly
Association Fee 2: 150
Association Name: THE SANCTUARY
Association Phone: 904-647-2619
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: From South beach parkway , take Sanctuary Parkway down to the 3rd right which is Sanctuary Blvd. Go through the gate and the home will be on the Left 3488 Sanctuary Blvd .
Public Remarks: Beautiful 3/2 home which over looks the lake will not last long. This home features spacious rooms, double sided fireplace ,new appliances, New A/C , Hurricane shutters for all windows and doors ,and a large deck which over looks the lake. Located just blocks from the beach , shopping , restaurants, Mayo Clinic and world class golf courses!
List Price/SqFt: 262.75
Sold Price/SqFt: 266.11

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Fireplace Features: Double Sided Interior Features: Kitchen Island; Split Bedrooms Flooring: Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame; Vinyl Siding Exterior Features: Storm Shutters Patio And Porch Features: Deck Pool Features: None Roof: Shingle Lot Features: Sprinklers In Front; Sprinklers In Rear View: Water Waterfront Features: Lake Front Current Use: Residential; Single Family Association Amenities: Community Pool; Jogging Path; Tennis Court(s) Association Fee Includes: Maintenance Grounds Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-05-07

Location Tax and Legal

Street Number: 3488
Street Name: SANCTUARY
Street Suffix: Boulevard
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 214-Jacksonville Beach-SW
Subdivision Name: The Sanctuary

Status Change Information

Major Change Timestamp: 2023-11-17T00:57:57Z
Major Change Type: Price Change
Price Change Timestamp: 2021-05-25T08:50:57Z
Purchase Contract Date: 2021-06-04
Close Date: 2021-06-25
Close Price: 475000

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Bulkhead: Y, Utilities-Separate Irrigation Meter: Y, Club Amenities-Nature Trails: Y, Self Cleaning Oven: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Ceiling Fan(s): Y, Condo Restrictions-Governed Covenants/Restrictions: Y, Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Listing Office: THE LEGENDS OF REAL ESTATE

Last Updated: February - 08 - 2025

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