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.

405 RUM RUNNER Way, St. Johns, FL 32259 (MLS# 1197494)

405 RUM RUNNER Way, St. Johns, FL 32259

$590,000

*Images shown are for illustrative purpo

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,515 Status: Closed

Current Price: $590,000 List Date: 10/24/2022 Last Modified: 3/21/2026

Overview

Description

LOVE WHERE YOU LIVE @ ATLANTICA ISLES in BEACHWALK **PRICING INCLUDES DESIGN OPTIONS** **SPRING 2023 COMPLETION** **SAMPLE PHOTOS ONLY** ATLANTICA ISLES is a luxury natural gas community with direct access to the 14-acre Crystal Clear Lagoon & resort style amenities. ''The REEF'' design is a 4 bed, 3 bath home with loft. Open concept design greets you with a dramatic grand 2-story foyer entrance. Walk into the expansive great room, gourmet kitchen & dining room areas perfect for entertaining. Main floor includes a bed & bath ideal for guests, designated home office or playroom. Upstairs offers a spacious master bedroom retreat with private balcony & expansive ensuite bathroom with tiled walk-in shower, separate vanities and an enormous walk-in closet.

Listing Details MLS# 1197494

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2515
Living Area Source: Plans
Year Built: 2023
Association YN: Yes
Association Fee: 377
Association Fee Frequency: Monthly
Association Name: Vesta Property
Association Phone: 904-355-1831
CDD Fee YN: Yes
CDD Fee Amount: 366
New Construction YN: Yes
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Directions: From I-95 South take exit 329 and turn left on County Road 210. Travel two miles and turn left at the first entrance to Beachwalk. Atlantica Isles will be on your right.
Public Remarks: LOVE WHERE YOU LIVE @ ATLANTICA ISLES in BEACHWALK **PRICING INCLUDES DESIGN OPTIONS** **SPRING 2023 COMPLETION** **SAMPLE PHOTOS ONLY** ATLANTICA ISLES is a luxury natural gas community with direct access to the 14-acre Crystal Clear Lagoon & resort style amenities. ''The REEF'' design is a 4 bed, 3 bath home with loft. Open concept design greets you with a dramatic grand 2-story foyer entrance. Walk into the expansive great room, gourmet kitchen & dining room areas perfect for entertaining. Main floor includes a bed & bath ideal for guests, designated home office or playroom. Upstairs offers a spacious master bedroom retreat with private balcony & expansive ensuite bathroom with tiled walk-in shower, separate vanities and an enormous walk-in closet.
List Price/SqFt: 239.76
Sold Price/SqFt: 234.59

Property Features

Approx Parcel Size: Less than .25 Acre Property Condition: Under Construction Appliances: Dishwasher; Disposal; Gas Range; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Concrete Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Natural Gas Available Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Smoke Detector Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Porch; Screened Roof: Shingle Parking Features: Additional Parking; Garage Door Opener View: Water Water Body Access Type: Community Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Children's Pool; Community Pool; Fitness Center; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2022-10-23

Location Tax and Legal

Street Number: 405
Street Name: RUM RUNNER
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Atlantica Isles

Status Change Information

Major Change Timestamp: 2023-11-17T16:24:10Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-02-18T22:23:31Z
Purchase Contract Date: 2023-03-23
Close Date: 2023-03-24
Close Price: 590000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Club Amenities-Game Room: Y, Parking Facilities-Keypad Entry: Y, Seller May Pay Closing: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Builder Warranty: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name	Level	Length	Width	Remarks
Loft
Utility Room
Dining Room	Second	13.00	12.00
Great Room	First	16.00	19.00
Bedroom 1	First	11.00	11.00
Other	First	15.00	8.00	Covered Patio
Primary Bedroom	Second	14.00	18.00	En Suite
Bonus Room	Second	20.00	13.00
Bedroom 2	Second	12.00	12.00
Bedroom 3	Second	11.00	11.00

Listing Office: OLYMPUS EXECUTIVE REALTY, INC

Last Updated: March - 21 - 2026

Information deemed reliable but not guaranteed.