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.

3528 LULLWATER Lane, Orange Park, FL 32073 (MLS# 938949)

3528 LULLWATER Lane, Orange Park, FL 32073

$924,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 4,000 Status: Closed

Current Price: $924,000 List Date: 4/12/2019 Last Modified: 3/06/2026

Overview

Description

HUGE Price Drop on this waterfront estate which has been completely remodeled but with a sensitivity to its great old Florida character. It has approx. 267 ft. of direct Doctors Lake frontage and absolutely marvelous panoramic views. The main home has 5 BR and 3 1/2 BA. The completely renovated kitchen is HUGE and has beautiful granite counters. Most of the appliances have never been used including 2 new refrigerators, new microwave, new wine cooler, new washer and dryer, new hot water heater and more. Every bathroom was completely remodeled from the floor joists up and the master is all marble and has a 1920's feel! The entire house has been painted inside and out. There is a gazebo and the dock has just been rebuilt. This house was not even CLOSE to flooding during Irma!

Listing Details MLS# 938949

General Property Information

Bedrooms Total: 6
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4000
Living Area Source: Public Records
Year Built: 1940
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Directions: From 295 go S on US HWY 17 to Kingsley Ave. and turn RT. Turn Left on Doctors Lake Dr. Pass St.Johns Country Day School and go 7/10 of a mile. Lullwater is on your left. The property is at the end.
Public Remarks: HUGE Price Drop on this waterfront estate which has been completely remodeled but with a sensitivity to its great old Florida character. It has approx. 267 ft. of direct Doctors Lake frontage and absolutely marvelous panoramic views. The main home has 5 BR and 3 1/2 BA. The completely renovated kitchen is HUGE and has beautiful granite counters. Most of the appliances have never been used including 2 new refrigerators, new microwave, new wine cooler, new washer and dryer, new hot water heater and more. Every bathroom was completely remodeled from the floor joists up and the master is all marble and has a 1920's feel! The entire house has been painted inside and out. There is a gazebo and the dock has just been rebuilt. This house was not even CLOSE to flooding during Irma!
List Price/SqFt: 248.75
Sold Price/SqFt: 231

Property Features

Approx Parcel Size: 1.1 to 2.5 Acres Architectural Style: Traditional; Other Appliances: Dishwasher; Dryer; Electric Water Heater; Gas Range; Ice Maker; Microwave; Refrigerator; Washer; Wine Cooler Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Eat-in Kitchen; In-Law Floorplan; Kitchen Island; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Skylight(s); Split Bedrooms; Wet Bar Flooring: Carpet; Marble; Tile; Wood Utilities: Propane Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Well Sewer: Septic Tank Green Energy Efficient: Windows Security Features: Security System Owned Construction Materials: Brick; Frame; Other Other Structures: Boat House; Gazebo; Guest House; Shed(s); Workshop Exterior Features: Boat Lift; Dock Patio And Porch Features: Deck; Front Porch; Patio; Porch; Screened Roof: Shingle Parking Features: Attached; Circular Driveway; Garage; RV Access/Parking Lot Features: Irregular Lot View: River; Water Waterfront Features: Lake Front; Navigable Water; River Front Fencing: Fenced; Wood Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan Room Types: Family Room; Living Room; Utility Room

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-05-30

Location Tax and Legal

Street Number: 3528
Street Name: LULLWATER
Street Suffix: Lane
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 137-Doctor's Lake
Subdivision Name: Lake Villas

Status Change Information

Major Change Timestamp: 2023-11-14T09:30:18Z
Major Change Type: Price Reduced
Price Change Timestamp: 2019-02-18T16:48:10Z
Purchase Contract Date: 2019-09-06
Close Date: 2019-10-04
Close Price: 924000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Storage Room: Y, Bulkhead: Y, Energy Features-Powered Ventilator: Y, Dining-Kitchen/Family Combo: Y, iNTERIOR aMENITIES-Stained Glass Window(s): Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y, Waterfront Descrpt-6' + Dpth: Y, Fireplace-Living Room: Y, Stone Fireplace: Y, Structure Raised: Y
Public Historical Remarks 2: Energy Features-Ridge Vents: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Picture Window(s): Y, Interior Amenities-French Door(s): Y, Side Entry Garage: Y, Oversize Garage/Storage: Y, Waterfront Descrpt-2'-6' Dpth: Y, Fireplace Mantle: Y, Fenced Partial: Y

Room Information

Room Name
Living Room
Family Room
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: March - 06 - 2026

Information deemed reliable but not guaranteed.