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 WALNUT Drive, St. Johns, FL 32259 (MLS# 2059118)

401 WALNUT Drive, St. Johns, FL 32259

$1,995

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,606 Status: Closed

Current Price: $1,995 List Date: 12/03/2024 Last Modified: 1/19/2026

Overview

Description

This is a beautifully maintained 3 bed/2.5 bath END unit. Enjoy the water views from the back patio in the GATED community of Cypress Trace. The open floor plan allows for entertaining and easy everyday living. Kitchen with breakfast bar, plenty of counter and cabinet space. The upstairs features a loft to use as an office, play room or secondary living space. The Primary bedroom features a walk-in closet and the en-suite has a large tub. This property also has a Washer/Dryer and Water Softener. Community amenities include Pool, Playground, Basketball & Tennis Courts. Add'l features include attached garage, lanai with pond view and easy access to top schools and shopping. Application fee $75 per person 18 & older. Processing fee $125. Application Instructions and Sample Lease are under docs.

Listing Details MLS# 2059118

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1606
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: Easy access from I-95 or 9B off Racetrack at Crossings at Cypress Trace
Public Remarks: This is a beautifully maintained 3 bed/2.5 bath END unit. Enjoy the water views from the back patio in the GATED community of Cypress Trace. The open floor plan allows for entertaining and easy everyday living. Kitchen with breakfast bar, plenty of counter and cabinet space. The upstairs features a loft to use as an office, play room or secondary living space. The Primary bedroom features a walk-in closet and the en-suite has a large tub. This property also has a Washer/Dryer and Water Softener. Community amenities include Pool, Playground, Basketball & Tennis Courts. Add'l features include attached garage, lanai with pond view and easy access to top schools and shopping. Application fee $75 per person 18 & older. Processing fee $125. Application Instructions and Sample Lease are under docs.
List Price/SqFt: 1.24
Sold Price/SqFt: 1.24

Property Features

Additional Lease Terms: 12 Months Owner Pays: None Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Walk-In Closet(s) Patio And Porch Features: Patio Association Amenities: Community Pool; Playground; Tennis Court(s) Water Source: Public Parking Features: Garage; Off Street Sewer: Public Sewer Security Features: Security Gate View: Pond Waterfront Features: Pond Utilities: Cable Available; Electricity Available; Water Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Additional Fee Includes: Other Rent Includes: None Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Service: Other
Rental Application URL: www.floridanetworkpm.com
Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2024-12-03
Lease Term: 12 Months
Availability Date: 2025-01-08

Location Tax and Legal

Street Number: 401
Street Name: WALNUT
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace Condo

Status Change Information

Major Change Timestamp: 2025-05-27T13:58:17Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-12T19:25:20Z
Purchase Contract Date: 2025-05-02
Close Date: 2025-05-27
Close Price: 1995

Deposits and Fees

Additional Fee: 125
Application Fee: 75
Security Deposit: 2150

More Information

Documents

Rental Process & Application ›

Sample Lease ›

Listing Office: FLORIDA NETWORK PROPERTY MANAGEMENT

Last Updated: January - 19 - 2026

Information deemed reliable but not guaranteed.

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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.

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