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.

427 LADYSLIPPER Drive, St. Johns, FL 32259 (MLS# 1231682)

427 LADYSLIPPER Drive, St. Johns, FL 32259

$494,897

Virtual Tour

https://my.matterport.com/show/?m=Z5bCWKvWDAZ

Watersong Amenity Center Opening 12-4-20

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,798 Status: Closed

Current Price: $494,897 List Date: 6/09/2023 Last Modified: 1/18/2026

Overview

Description

This Lane floor plan offers a 4' garage extension with golf cart garage, spa shower in the owners bath, study in lieu of flex room with French doors, and dry bar. A 12' sliding glass door opens to covered lanai overlooking lush preserve on a site offering tremendous privacy with no hom on the right. In a quiet culd-de-sace only a quick walk to amenity center. WaterSong is an exclusive 55+ neighborhood located within RiverTown, a master-planned community designed to combine modern, resort-style amenities with an unspoiled natural setting nestled along the shores of the St Johns River with miles of trails and sidewalks throughout. Each amenity is geared toward staying fit, meeting new friends, trying new activities and having fun in the sun. Estimated completion December 2023/January 2024.

Listing Details MLS# 1231682

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1798
Living Area Source: Plans
Year Built: 2023
Association YN: Yes
Association Fee: 1560
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2026
New Construction YN: Yes
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: Yes
Directions: From the North: Take I-95 South towards St. Augustine. Take Exit 329 (County Road 210). Turn Left onto CR 210. Go approximately 1.5 miles and the community will be on the right.
Public Remarks: This Lane floor plan offers a 4' garage extension with golf cart garage, spa shower in the owners bath, study in lieu of flex room with French doors, and dry bar. A 12' sliding glass door opens to covered lanai overlooking lush preserve on a site offering tremendous privacy with no hom on the right. In a quiet culd-de-sace only a quick walk to amenity center. WaterSong is an exclusive 55+ neighborhood located within RiverTown, a master-planned community designed to combine modern, resort-style amenities with an unspoiled natural setting nestled along the shores of the St Johns River with miles of trails and sidewalks throughout. Each amenity is geared toward staying fit, meeting new friends, trying new activities and having fun in the sun. Estimated completion December 2023/January 2024.
List Price/SqFt: 282.01
Sold Price/SqFt: 275.25

Property Features

Approx Parcel Size: Less than .25 Acre Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement; Frame Roof: Shingle Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential; Single Family Association Amenities: Basketball Court; Boat Dock; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground; Spa/Hot Tub; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-06-09

Location Tax and Legal

Street Number: 427
Street Name: LADYSLIPPER
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Watersong At Rivertown

Status Change Information

Major Change Timestamp: 2023-12-04T18:34:19Z
Major Change Type: Status Change
Price Change Timestamp: 2023-08-11T16:49:40Z
Purchase Contract Date: 2023-09-03
Close Date: 2023-11-29
Close Price: 494897

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Club Amenities-Nature Trails: Y, Club Amenities-Game Room: Y, Structure Builder: Mattamy Homes
Public Historical Remarks 2: Covenants/Restrictions: Y, Builder Warranty: Y, Club Amenities-Bike Path: Y, Structure Slab: Y

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: January - 18 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare