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.

40 SULLIVAN Place, St. Johns, FL 32259 (MLS# 2109145)

40 SULLIVAN Place, St. Johns, FL 32259

$1,174,910

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,708 Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $1,174,910 List Date: 9/17/2025 Last Modified: 5/01/2026

Overview

Description

Under Construction! Welcome to your dream home-where luxury meets livability. This beautifully designed new construction home by boutique builder, Tidewater Homes, offers 4,097 SF with 5 bedrooms and 4.5 baths, perfect for modern family life. The heart of the home is an exquisite kitchen featuring floor to ceiling cabinetry with quartz tops and professional SKS appliances flowing to an expansive layout that effortlessly connects to the living and dining areas, ideal for entertaining or everyday moments. 10ft smooth ceilings and generous living spaces create an open, airy feel, while the private bedrooms offer comfort and retreat. The layout balances elegance and functionality, making it as practical as stunning, a true family haven! Featuring a large loft and ability to add 347SF future additional space, the upstairs is endless. This balance does not stop inside as it continues to the outdoor living with a summer kitchen pre-plumb, ready for summer grilling! Don't miss this home!

Listing Details MLS# 2109145

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4097
Living Area Source: Builder
Building Area Total: 5708
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.24
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3969.46
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-02-28
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Frontage Feet: 80
Furnished: Unfurnished
Stories: 2
Senior Community YN: No
Directions: From Longleaf Pine Pkwy, turn onto Keystone Corners Blvd and go .1 Mile. Turn right onto Shinnecock Drive and go .3 Mile. Turn right on Sullivan Place. Home is on left.
Public Remarks: Under Construction! Welcome to your dream home-where luxury meets livability. This beautifully designed new construction home by boutique builder, Tidewater Homes, offers 4,097 SF with 5 bedrooms and 4.5 baths, perfect for modern family life. The heart of the home is an exquisite kitchen featuring floor to ceiling cabinetry with quartz tops and professional SKS appliances flowing to an expansive layout that effortlessly connects to the living and dining areas, ideal for entertaining or everyday moments. 10ft smooth ceilings and generous living spaces create an open, airy feel, while the private bedrooms offer comfort and retreat. The layout balances elegance and functionality, making it as practical as stunning, a true family haven! Featuring a large loft and ability to add 347SF future additional space, the upstairs is endless. This balance does not stop inside as it continues to the outdoor living with a summer kitchen pre-plumb, ready for summer grilling! Don't miss this home!
List Price/SqFt: 285.06
Sold Price/SqFt: 286.77

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Under Construction Appliances: Convection Oven; Dishwasher; Disposal; Gas Cooktop; Tankless Water Heater Interior Features: Butler Pantry; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Smart Thermostat; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Lower Level; Sink; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Multi Units Heating: Central; Heat Pump Electric: 200+ Amp Service; Underground Water Source: Public Sewer: Public Sewer Smart Home Features: Dishwasher; Oven; Programmable Thermostat; Refrigerator; Stove Construction Materials: Fiber Cement Patio And Porch Features: Front Porch; Rear Porch Roof: Shingle Parking Features: Attached; Garage View: Pond Waterfront Features: Pond Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Pickleball; Playground; Shuffleboard Court; Tennis Court(s); Water Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-09-15

Location Tax and Legal

Street Number: 40
Street Name: SULLIVAN
Street Suffix: Place
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Highpointe At Rivertown

Status Change Information

Major Change Timestamp: 2026-05-01T20:11:38Z
Major Change Type: Status Change
Purchase Contract Date: 2025-09-29
Close Date: 2026-04-30
Close Price: 1174910

DPR Eligible

DPR Eligible: No

More Information

Listing Office: CASTLEROCK REALTY LLC

Last Updated: May - 01 - 2026

Information deemed reliable but not guaranteed.