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.

401 Jimmy Buffett Memorial Highway 122, Satellite Beach, FL 32937 (MLS# 1091312)

401 Jimmy Buffett Memorial Highway 122, Satellite Beach, FL 32937

$675,000

Living with the Ocean Views and relaxing sounds

Virtual Tour

https://my.matterport.com/show/?m=g9rkzTDH6NW

Family room image looking toward the ocean

Relaxing or dining while enjoying the ocean

Open-concept perspective showing the spacious living and dining areas

White cabinetry, stainless appliances, and granite countertops

Primery Bedroom with a fantastic Ocean View

Updated vanity, granite countertop, and large tiled shower

Third bedroom would make a perfect offfice

Dedicated interior laundry room and storage cabinetry

Unobstructed ocean and coastline perspective

Community social room and gathering area

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,736 Lot Size (sq. ft.): 3,049 Status: Active

Current Price: $675,000 List Date: 10/31/2026 Last Modified: 11/14/2026

Overview

Description

Sweeping, unobstructed ocean views and a 32-foot-wide oceanfront balcony make this renovated third-floor condo a rare place to enjoy the Satellite Beach coastline. Relax to the sound of the waves or watch rocket launches from your own balcony, while natural light fills the open-concept living space through energy-efficient impact-rated windows and sliders. The updated kitchen features white shaker cabinetry with soft-close hardware and pull-outs, White Kinawa Level 2 granite countertops, a tile backsplash, and stainless steel appliances. The owner's suite offers a spacious walk-in closet with custom shelving and a large tiled shower. Waterproof luxury vinyl plank flooring, in-unit laundry, and a utility room with a laundry tub, a 2020 water heater, a fully renovated wet bar, and a 2021 HALO-LED whole-home air purification system add comfort and convenience. Resort-style community amenities include a heated pool, private beach access, a fitness room, a clubhouse and social hall, and a n

Supplements: a newer elevator installed in 2025. One garage space beneath the building is included, with additional unassigned parking available in front. The HOA includes water, sewer, and trash. Walk to nearby shops, restaurants, and local favorites, with convenient access to Pineda and Eau Gallie causeways, the mainland, and I-95.

Listing Details MLS# 1091312

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1736
Living Area Source: Assessor
Building Area Total: 1736
Year Built: 1985
Lot Size Acres: 0.07
Association YN: Yes
Association Fee: 1010
Association Fee Frequency: Monthly
Association Name: East Horizon Condominium Association, Inc
Association Phone: (321) 241-4946
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 6
Entry Level: 3
Senior Community YN: No
Direction Faces: West
List Price/SqFt: 388.82
Lot Size Square Feet: 3049
Property Use: 04 / CONDOMINIUM UNIT
Water Body Name: Atlantic Ocean
Land Lease YN: No
Community Fee(s) YN: No

Property Features

Architectural Style: Other Levels: One Property Condition: Updated/Remodeled Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Open Floorplan; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Luxury Vinyl Laundry Features: Electric Dryer Hookup; In Unit; Sink; Washer Hookup Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Concrete; Stucco Exterior Features: Balcony; Impact Windows; Storm Shutters Roof: Membrane Parking Features: Assigned; Covered; Secured; Underground Lot Features: Other View: Beach; Ocean; Water Water Body Access Type: Community Waterfront Features: Ocean Access; Ocean Front Current Use: Residential Association Amenities: Beach Access; Car Wash Area; Clubhouse; Community Pool; Elevator(s); Fitness Center; Maintenance Grounds; Maintenance Structure; Management - Off Site; Water Association Fee Includes: Insurance; Maintenance Structure; Pest Control; Trash; Water Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-10-31
Unit Type: Interior Unit
Comp Sale YN: No

Location Tax and Legal

Street Number: 401
Street Name: Jimmy Buffett Memorial
Street Suffix: Highway
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 381 - N Satellite Beach
Subdivision Name: The Horizon Condo Ph II

Status Change Information

Major Change Timestamp: 2026-11-14T23:59:20Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-14T23:59:20Z

DPR Eligible

DPR Eligible: Yes

More Information

Location, Tax, and Legal

Tax Account: 2607315
General County Location: South
Flood Zone: X

Closing Company Details

Closing Company Name: Bella Title & Escrow, INC. (321) 610-7806
Closing Company Address: 6450 N Wickham Rd Ste 106, Melbourne, FL 32940

Legal Details

Permission Granted to Advertise: Yes

Pets Allowed

Cats OK: Yes
Dogs OK: Yes
Yes: Yes

Special Listing Conditions

Standard: Yes

Showing Requirements

Combination Lock Box: Yes
Showing Service: Yes

Documents

Personal Property Inventory ›

Floor Plan ›

Seller Disclosures ›

Listing Office: J. Edwards Real Estate

Last Updated: November - 14 - 2026

Information deemed reliable but not guaranteed.