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.

407 MURPHYS Drive, St. Johns, FL 32259 (MLS# 2117555)

407 MURPHYS Drive, St. Johns, FL 32259

$389,480

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Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,744 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $389,480 List Date: 11/12/2025 Last Modified: 5/21/2026

Overview

Description

Under Construction: Ready in February 2026! Welcome to Lennars Kate II floor plan with 4 bedrooms, 2 bathrooms, and a 2-car garage. This beautifully designed home offers a beautiful kitchen with white cabinets, white quartz countertops, and Frigidaire stainless steel appliances including a gas range, double ovens, dishwasher, microwave, and refrigerator. Ceramic wood-look tile is installed in all wet areas and extended into the family room, dining area, and hallways. Additional highlights include quartz vanities, window blinds throughout, and a full sprinkler system. Enjoy peace of mind with a one-year builder warranty, a dedicated customer service program, and 24-hour emergency service. (Conditions may apply)

Listing Details MLS# 2117555

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1744
Living Area Source: Builder
Year Built: 2026
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.11
Lot Size Dimensions: 40 X 125
Association YN: Yes
Association Fee: 2700180
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 2700
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-02-28
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Senior Community YN: Yes
Directions: Take I95S to Exit 329 and head west for about 4.5 miles, turn right onto Stillwater Blvd, turn right onto Round Robin Run, model is on your right.
Public Remarks: Under Construction: Ready in February 2026! Welcome to Lennars Kate II floor plan with 4 bedrooms, 2 bathrooms, and a 2-car garage. This beautifully designed home offers a beautiful kitchen with white cabinets, white quartz countertops, and Frigidaire stainless steel appliances including a gas range, double ovens, dishwasher, microwave, and refrigerator. Ceramic wood-look tile is installed in all wet areas and extended into the family room, dining area, and hallways. Additional highlights include quartz vanities, window blinds throughout, and a full sprinkler system. Enjoy peace of mind with a one-year builder warranty, a dedicated customer service program, and 24-hour emergency service. (Conditions may apply)
List Price/SqFt: 223.33
Sold Price/SqFt: 223.33

Property Features

Architectural Style: Ranch Levels: One Property Condition: Under Construction Appliances: Convection Oven; Dishwasher; Disposal; Double Oven; Gas Cooktop; Gas Oven; Gas Range; Gas Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Cable Available; Natural Gas Available Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Front Porch; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: On Golf Course; Sprinklers In Front; Sprinklers In Rear View: Golf Course; Pond; Protected Preserve; Trees/Woods; Water Waterfront Features: Pond Current Use: Golf Course; Residential; Single Family Association Amenities: Clubhouse; Community Pool; Fitness Center; Golf Course; Maintenance Grounds; Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Bedroom 2; Bedroom 3; Den; Dining Room; Family Room; Kitchen; Laundry; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-11-12

Location Tax and Legal

Street Number: 407
Street Name: MURPHYS
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Stillwater

Status Change Information

Major Change Timestamp: 2026-02-27T18:26:20Z
Major Change Type: Status Change
Purchase Contract Date: 2025-12-16
Close Date: 2026-02-27
Close Price: 389480

DPR Eligible

DPR Eligible: No

More Information

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: First
Den Level: First
Dining Room Level: First
Family Room Level: First
Kitchen Level: First
Laundry Level: First
Primary Bedroom Level: First

Room Information

Room Name	Level	Remarks
Primary Bedroom	First
Bedroom 2	First
Bedroom 3	First
Den	First
Kitchen	First
Family Room	First
Laundry	First	Laundry
Dining Room	First

Listing Office: LENNAR REALTY INC

Last Updated: May - 21 - 2026

Information deemed reliable but not guaranteed.