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.

400 E BAY Street 1706, Jacksonville, FL 32202 (MLS# 2131761)

400 E BAY Street 1706, Jacksonville, FL 32202

$625,500

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Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,800 Status: Pending

Current Price: $625,500 List Date: 10/06/2026 Last Modified: 10/30/2026

Overview

Description

SHOWS LIKE A MODEL! Beautifully updated 3BR/2BA RIVERFRONT condo at The Berkman Plaza with superior views of the majestic St. Johns River. Residence features wood floors, a renovated kitchen, and updated bathrooms, creating a bright, modern feel with stunning waterfront scenery. Located in the heart of downtown Jacksonville! LOCATION! Walk to museums, The NEW Four Seasons Hotel & residences, parks, offices, restaurants, nightlife, sporting events, concerts, and more! The Berkman Plaza is known for its 5-star amenities including 24/7 front desk concierge, on-site management and maintenance, newly renovated fitness center, sauna, steam room, pool, outdoor summer kitchen w/BBQ, ,tennis/pickleball, squash and racquetball courts, business center, library, dog park, guest suite, wine cellar, and 21st-floor concierge lounge. Most utilities included). Boat slips available at the marina right in your backyard. DOWNTOWN IS FLOURISHING! HURRY AND MOVE IN BEFORE PRICING DOUBLES!

Listing Details MLS# 2131761

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1800
Living Area Source: Public Records
Year Built: 2003
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 1599.51
Association Fee Frequency: Monthly
Association Name: The Berkman Plaza
Association Phone: 904-359-5938
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Negotiable
Stories: Yes
Stories Total: 21
Senior Community YN: No
Direction Faces: North
Directions: From I95 North Take Exit 348 towards SR-10 W towards US-1. Cross the Main Street Bridge and turn right onto E Bay St. Turn right onto Liberty Street. The entrance to The Plaza will be on your left. 30 min parking available
Public Remarks: SHOWS LIKE A MODEL! Beautifully updated 3BR/2BA RIVERFRONT condo at The Berkman Plaza with superior views of the majestic St. Johns River. Residence features wood floors, a renovated kitchen, and updated bathrooms, creating a bright, modern feel with stunning waterfront scenery. Located in the heart of downtown Jacksonville! LOCATION! Walk to museums, The NEW Four Seasons Hotel & residences, parks, offices, restaurants, nightlife, sporting events, concerts, and more! The Berkman Plaza is known for its 5-star amenities including 24/7 front desk concierge, on-site management and maintenance, newly renovated fitness center, sauna, steam room, pool, outdoor summer kitchen w/BBQ, ,tennis/pickleball, squash and racquetball courts, business center, library, dog park, guest suite, wine cellar, and 21st-floor concierge lounge. Most utilities included). Boat slips available at the marina right in your backyard. DOWNTOWN IS FLOURISHING! HURRY AND MOVE IN BEFORE PRICING DOUBLES!
List Price/SqFt: 347.5

Property Features

Architectural Style: Other Levels: One Property Condition: Updated/Remodeled Rental Restrictions: 1 Year Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Oven; Electric Range; Microwave; Refrigerator; Washer Fireplace Features: Electric Interior Features: Eat-in Kitchen; Entrance Foyer; Pantry; Split Bedrooms; Walk-In Closet(s) Flooring: Wood Laundry Features: In Unit Utilities: Cable Available; Electricity Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: 24 Hour Security; Closed Circuit Camera(s); Entry Phone/Intercom; Fire Alarm; Gated with Guard; Key Card Entry; Secured Lobby; Security Fence Construction Materials: Block; Concrete Other Structures: Gazebo; Outdoor Kitchen; Tennis Court(s) Exterior Features: Balcony; Dock; Outdoor Kitchen; Tennis Court(s) Patio And Porch Features: Patio Spa Features: Community; In Ground Roof: Other Parking Features: Assigned; Community Structure; Covered; Gated Lot Features: Other View: Marina; River Water Body Access Type: Association Waterfront Features: River Access; River Front Fencing: Privacy Current Use: Residential Association Amenities: Barbecue; Community Pool; Dog Park; Elevator(s); Fitness Center; Gated; Maintenance Grounds; Maintenance Structure; Management - Full Time; Management - On Site; Park; Pickleball; Security; Tennis Court(s); Trash; Water Association Fee Includes: Internet; Maintenance Grounds; Maintenance Structure; Pest Control; Security; Trash; Water Community Features: Gated Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional Room Types: Bathroom; Bedroom 1; Primary Bathroom; Primary Bedroom

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-02-24
Unit Type: End Unit

Location Tax and Legal

Street Number: 400
Street Direction Prefix: E
Street Name: BAY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32202
MLS Area Major: 073-Downtown Jacksonville-Northbank
Subdivision Name: The Plaza Condominium At Berkman

Status Change Information

Major Change Timestamp: 2026-10-30T14:41:46Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-06T15:50:57Z
Purchase Contract Date: 2026-10-29

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Room Information

Room Name
Primary Bathroom
Primary Bedroom
Bedroom 1
Bathroom

Listing Office: UNITED REALTY GROUP

Last Updated: October - 30 - 2026

Information deemed reliable but not guaranteed.